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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What caused Herbert Hoover to raise taxes during the Great Depression?
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He wanted to prolong the recession for political gain
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He thought that raising taxes would make stocks rise immediately
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He wanted to balance the federal government’s budget
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He wanted to redistribute money from the rich to the poor.
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Explanation:
Detailed explanation-1: -He wanted to reduce the federal deficit. Hoover believed it would also restore confidence. Instead, higher taxes worsened the Depression. GDP growth fell 12.9% and unemployment was 23.6%.
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