Answered

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how successful was hoover in attempting to fix problems brought on by the Great Depression?

Sagot :

cyan77789

Answer:

He wasn't very successful.

Explanation:

He started by telling private businesses to try to hire workers even if the business wasn't profiting. This didn't work very well since no one wanted to lose money. He then started to inflate and do more government intervention into the economy. He tried to tell banks to lend to each other to prevent each other from becoming bankrupt. Banks didn't do this because it wasn't profitable. He then decided to make the Smoot-Hawley Tariff so that people would trade more domestically, the tariff made the depression worse. There were "revenge" tariffs coming from other countries. That made prices rise when not many could afford the non-increased prices.

Answer:

He believed the best course of action was to "use the powers of government to cushion the situation". And in a white house meeting he persuaded a large number of industrialists to agree to maintain wage rates.

Explanation:

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