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In the years leading into the Great Depression, President Herbert Hoover promoted policies based on voluntaryaction and limited government intervention. When the economy began to collapse, he continued to rely on theseapproaches. Which of the following best explains how Hoover's economic philosophy influenced the severity of theGreat Depression? (1 point) 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 belief in immediate federal relief programs helped stabilize the economy quickly 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 favored voluntary cooperation, balanced budgets, and limited direct relief; his reluctance to provide immediate, broad federal aid (only later creating the small-scale Reconstruction Finance Corporation and resisting direct relief) meant the government response was too limited and slow, which deepened and prolonged the Depression.
Hoover favored voluntary cooperation, balanced budgets, and limited direct relief; his reluctance to provide immediate, broad federal aid (only later creating the small-scale Reconstruction Finance Corporation and resisting direct relief) meant the government response was too limited and slow, which deepened and prolonged the Depression.
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