Answered

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



Answer :

Gibbs
Hoover's philosophical approach to stimulating the economy was mixed in that he provided a number of financial support to both individuals, businesses, and banks. Therefore, it does not fit perfectly into anyone of these answers. However, it would be fair to say that he sought to give direct relief to individuals to spark the economy. To the contrary of this, Hoover is said to have supported Laissez-Faire or hands off economic policies, however, the record shows that his policies were highly interventionist into the American economy. 

Answer:

Top-down approach: give money and loans to businesses so they can create jobs.

Explanation:

Other Questions