Reaction Of Hoover Flashcards
1
Q
How did Hoover deal with the depression
A
No government help, rugged individualism, Laissez-faire, believe business would bring back prosperity, ‘ prosperity just around the corner’
2
Q
What was Hoover eventually forced into doing
A
Cut taxes
Reconstruction finance Corp (offered emergency loans to banks and corporations)
Federal farm board- provided loans for farmers
Tariff to protect US industry Smoot-Hawley
3
Q
How did Hoover help the poor
A
Did little, didn’t believe social security was the responsibility of government and that relief should be provided by charity
