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Challenges of the Great Depression

Pre-Test

How did President Hoover attempt to solve the Great Depression?

A. He forbade banks from foreclosing on properties.
B. He lowered taxes on corporations.
C. He rejected federal aid for the unemployed.
D. He agreed to pay war veterans bonuses.

Sagot :

GinnyAnswer

Final answer:

President Hoover implemented economic measures such as public works programs and tax cuts, yet faced criticism for not addressing social impacts of the Great Depression effectively.


Explanation:

President Hoover took various measures to combat the Great Depression, including expanding public works programs, passing a $160 million tax cut, and creating the Reconstruction Finance Corporation (RFC) to issue loans to businesses. While these actions were intended to stimulate the economy, they were criticized for not effectively addressing the immediate social consequences of the Depression.


Learn more about Herbert Hoover's Response to the Great Depression here:

https://brainly.com/question/8987312


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