Question

How did President Hoover’s approach toward the economy compare with Calvin Coolidge’s approach?
(1 point)

Both devoted time and government money to public assistance programs.

Both believed businesses should be responsible for American prosperity.

Hoover, unlike Coolidge, saw labor unions as a way to improve workers’ living standards.

Hoover, unlike Coolidge, believed in government programs to assist businesses.

Answer 1

Hoover, unlike Coolidge, believed in government programs to assist businesses.

Hoover favored federal intervention and programs (associationalism, public works, later the RFC) to support businesses during downturns; Coolidge favored laissez-faire, limited government and believed prosperity came from private enterprise.