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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 approach: 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.

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Final answer:

Herbert Hoover's approach to stimulating the economy during the Great Depression was characterized by a hands-off philosophy and support for government loans to businesses.


Explanation:

Herbert Hoover's approach to stimulating the economy during the Great Depression was characterized by a hands-off philosophy, advocating for minimal government intervention and emphasizing rugged individualism. He opposed direct relief to individuals and instead supported government loans to businesses through the creation of the Reconstruction Finance Corporation (RFC) to stimulate economic growth.


Learn more about Herbert Hoover's approach to stimulating the economy during the Great Depression here:

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