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In the years leading into the Great Depression, President Herbert Hoover promoted policies based on voluntary action and limited government intervention. When the economy began to collapse, he continued to rely on these approaches. Which of the following best explains how Hoover's economic philosophy influenced the severity of the Great Depression? (1 point)
Responses
his belief in immediate federal relief programs helped stabilize the economy quickly
his belief in immediate federal relief programs helped stabilize the economy quickly
his aggressive expansion of social welfare programs overwhelmed the federal budget, deepening the crisis
his aggressive expansion of social welfare programs overwhelmed the federal budget, deepening the crisis
his decision to nationalize major industries caused widespread panic among business owners
his decision to nationalize major industries caused widespread panic among business owners
his commitment to minimal government involvement delayed large-scale federal action, allowing economic conditions to worsen
his commitment to minimal government involvement delayed large-scale federal action, allowing economic conditions to worsen
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his commitment to minimal government involvement delayed large-scale federal action, allowing economic conditions to worsen
Hoover's emphasis on voluntary cooperation and limited federal relief meant the federal government acted slowly and insufficiently (aside from limited measures like the RFC), which allowed the downturn to deepen and prolong.
Hoover's emphasis on voluntary cooperation and limited federal relief meant the federal government acted slowly and insufficiently (aside from limited measures like the RFC), which allowed the downturn to deepen and prolong.
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