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27 February, 10:59

What measure did Herbert Hoover take to deal with the Great Depression

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  1. 27 February, 11:14
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    Answer: He sought to reduce corporate taxes.

    Explanation:

    By reducing corporate taxes, it sought to reduce government influence in economic flows and accelerate its growth. However, these actions did not produce significant results. The Hoover government has struggled to cope with the financial crisis.

    Hoover rejected expert proposals to divert federal supplies to crisis prevention. He thought that the crisis was a "natural" phenomenon and that it would be quickly remedied. Hoover remained remembered as the president who lost the political battle precisely because of his poor leadership during difficult economic circumstances.
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