THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Government should spend money to stimulate the economy
|
|
|
Government should set wages and ensure full employment
|
|
|
Only local governments should intervene in the economy.
|
|
|
Government should not intervene in the economy.
|
Detailed explanation-1: -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-2: -Examples of laissez-faire leadership. The examples include: Herbert Hoover. Our 31st president was well-known for having a laissez-faire approach in politics. He used this leadership style as he trusted his teams and their experience and was extremely successful with this leadership approach.
Detailed explanation-3: -Hoover was an advocate of laissez-faire economics. He believed an economy based on capitalism would self-correct. He felt that economic assistance would make people stop working. He believed business prosperity would trickle down to the average person.
Detailed explanation-4: -laissez-faire, (French: “allow to do”) policy of minimum governmental interference in the economic affairs of individuals and society.