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The choice that was NOT one of the huge mistakes made by Herbert Hoover is:
b. Balancing the budget
Here's an explanation to support this answer:
1. Getting the Federal Government involved in the economy:
- Herbert Hoover's approach to dealing with the Great Depression involved limited government intervention in the economy, which many criticized as insufficient to address the crisis effectively.
2. The Smoot-Hawley Tariff:
- The Smoot-Hawley Tariff, signed into law by Hoover in 1930, raised tariffs on numerous imported goods. This move exacerbated the already difficult economic conditions by sparking retaliatory tariffs from other countries, leading to a decrease in international trade and further economic hardship.
3. The Revenue Act of 1932:
- The Revenue Act of 1932, also known as the Hoover Tax, was passed during Hoover's presidency. This act increased income taxes on higher earners, aiming to balance the budget but faced opposition as it was seen as burdensome during the economic downturn.
In contrast, balancing the budget was not considered a mistake by Hoover during his presidency. It was seen as a measure to manage government finances responsibly, although its effectiveness during the Great Depression remains a topic of historical debate.
