Question

What did Hoover do to deal with the Depression? give 4 pts

Answer 1

Answer:President Herbert Hoover approached the problem of the Great Depression by promoting his vision of private sector and government cooperation; urging businesses, banks, and government to act in the best interest of the country.

As the depression worsened, he signed legislation for public works projects and increased government spending.

Hoover began combating the depression by urging businesses to continue to employ workers and resist cutting wages despite falling profits.

He took a similar approach with the financial sector and organized the National Credit Corporation in 1931, which attempted to encourage banks to lend to other failing banks so that they might recover.