THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Through government intervention to directly assist the poor
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By supporting industry in the hopes that federal dollars at the top would “trickle down” to the poorest Americans
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By forcing Britain and France to repay their war debts
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By shifting the base of the economy away from heavy industry toward the production of consumer goods
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Detailed explanation-1: -Hoover received commitments from private industry to spend $1.8 billion for new construction and repairs to be started in 1930, to stimulate employment. The President ordered federal departments to speed up their construction projects and asked all governors to expand public works projects in their states.
Detailed explanation-2: -He believed in a limited role for government and worried that excessive federal intervention posed a threat to capitalism and individualism. He felt that assistance should be handled on a local, voluntary basis. Accordingly, Hoover vetoed several bills that would have provided direct relief to struggling Americans.
Detailed explanation-3: -Which of the following steps did Herbert Hoover not take to revive the economy after the stock-market crash? He persuaded Congress to pass the National Industrial Recovery Act, which embodied ideas of industrial self-regulation and business-government cooperation.
Detailed explanation-4: -What actions did Hoover take to improve economy? gave jobs to unemployed workers and raised prices of farmers crops gave loans to bank and were failing.