Question

In 3 sentences, describe the Hoover administration's initial response to the Great Depression. Choose 2 examples. Write in 10th grader’s responses

Answer 1

When the Great Depression began in 1929, President Herbert Hoover initially thought the economy would self-correct and did not want to use government intervention. For instance, he encouraged businesses to maintain wages and avoid layoffs, believing that this would help the economy recover naturally. Additionally, Hoover created the Reconstruction Finance Corporation in 1932 to provide loans to banks and businesses, but many felt his measures were too little, too late, as the situation continued to worsen.