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Which of the following describes Hoover's philosophical approach to stimulating the economy? A) Direct intervention: give direct relief to individuals to spark the economy. B) Top-down: give money and loans to businesses so they can create jobs. C) Wait and see: over time the economy would correct. D) Hands-off: allow businesses to generate new sources of wealth without government intervention.

Annie Barnes

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Samantha Barber on October 1, 2018

I think the answer is:B. Top-down approach: give money and loans to businesses so they can create jobs.Hoover believe that providing the companies with financial incentives give more space at their disposal to create jobs. In the long term, this could reduce the amount of unemployment and the increase of the average citizen's disposable income. The situation also tend to attract many investments from foreign countries.


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