History, asked by ramankumar57830, 4 months ago

)What were the steps taken by President Hoover to cope with the situation?

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Answered by shivamchaudhary21

3

Answer:

Hoover was nicknamed "do nothing" by the Democrats, it is not true that he did not try to solve the crisis but he definitely failed to solve it. He defended the Smoot-Hawley tariff which made the situation much worse.

Hoover believed in laissez faire but Libertarians claim he betrayed those ideals by interfering in the economy, he prefigured the New Deal according to them.

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