Which steps did the Hoover administration take to fight the early challenges of the Great Depression? Select the two correct answers.
the answers are A. winning passage of a tax cut to increase individuals’ take-home incomes and B. urging private agencies and state governments to organize relief efforts
pico correct
The Hoover administration took the following steps to fight the early challenges of the Great Depression:
1. Created the Reconstruction Finance Corporation (RFC): The Hoover administration established the RFC in 1932 to provide loans to struggling banks, insurance companies, and other businesses. The goal was to stabilize the financial sector and promote economic recovery.
2. Increased government spending on public works projects: The administration embarked on a program of public works projects, such as the construction of roads, bridges, and dams. These projects aimed to stimulate economic activity and create jobs.
(Note: These are two possible correct answers, but there may be additional steps the Hoover administration took.)
To determine the steps taken by the Hoover administration to fight the early challenges of the Great Depression, we can examine historical records and sources. Here are two correct answers:
1. Increase government spending: One of the steps taken by the Hoover administration was to increase government spending in an attempt to stimulate economic growth. They implemented public works projects such as the construction of roads, bridges, and dams. These projects aimed to create jobs and stimulate economic activity.
2. Implement protective tariffs: Another step taken by the Hoover administration was the implementation of protective tariffs on imported goods. The goal was to protect American industries from foreign competition and stimulate domestic production.
Other steps that the Hoover administration took but are not correct answers to this question include signing the Smoot-Hawley Tariff Act into law, which imposed high tariffs on imported goods, and establishing the Reconstruction Finance Corporation to provide financial support to banks, railroads, and other industries during the Depression.