What were steps taken by President Herbert Hoover to deal with the country's economic problems during the Depression? How did his actions reflect his political beliefs?
1 Answer
May 1, 2017
He took protectionist measures
Explanation:
Hoover was nicknamed "do nothing" by the Democrats, it is not true that he did not try to solve the crisis but he definitely failed to solve it. He defended the Smoot-Hawley tariff which made the situation much worse.
Hoover believed in laissez faire but Libertarians claim he betrayed those ideals by interfering in the economy, he prefigured the New Deal according to them.
How did the Hawley-Smoot tariff damage/hurt America's economy?
