Question

how did president Hoover approach toward the economy compared with calvin coolidge approach

Answer 1

President Hoover approached the economy differently from his predecessor Calvin Coolidge. Coolidge generally had a hands-off approach to the economy, believing in limited government intervention and supporting policies that promoted business growth and prosperity. He focused on reducing taxes and regulations to stimulate economic growth.

In contrast, Hoover believed in a more active role for the government in managing the economy. He believed that the government could play a part in preventing economic downturns and alleviating poverty and unemployment through government intervention and public works projects. Hoover's approach to the economy was more interventionist than Coolidge's, and he implemented a number of policies to try to stabilize the economy during the early years of the Great Depression.

Overall, Hoover's approach to the economy was more interventionist and proactive compared to Coolidge's more laissez-faire approach. However, Hoover's efforts were ultimately not successful in preventing or mitigating the effects of the Great Depression, and his presidency is often remembered for his inability to effectively address the economic challenges of the time.