Which of the following describes Hoover's philosophical approach to stimulating the economy? A) Direct intervention: give direct relief to individuals to spark the economy. B) Top-down: give money and loans to businesses so they can create jobs. C) Wait and see: over time the economy would correct. D) Hands-off: allow businesses to generate new sources of wealth without government intervention.

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Brooke Hoover

History

25 March, 16:04

Which of the following describes Hoover's philosophical approach to stimulating the economy? A) Direct intervention: give direct relief to individuals to spark the economy. B) Top-down: give money and loans to businesses so they can create jobs. C) Wait and see: over time the economy would correct. D) Hands-off: allow businesses to generate new sources of wealth without government intervention.

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Frida Harrell · Answer 1

C. Hoover understood the Economy way too well and he assumed the economy would naturally correct itself. he was wrong. and when FDR came into office he implemented the "New Deal" to stimulate it and give jobs to people who couldn't get jobs.