Respuesta :
Hoover began combating the
depression by urging businesses to continue to employ workers and resist
cutting wages despite falling profits. He took a similar approach with
the financial sector and organized the National Credit Corporation in
1931, which attempted to encourage banks to lend to other failing banks
so that they might recover. This strategy was largely ineffective in the
private sector, as it was too risky and not profitable.
As the depression continued, unemployment soared, and more banks
failed, Hoover turned to other means of stimulating the economy. In
1930, Congress approved the Smoot-Hawley Tariff Act. The act increased
taxes on imported goods from other countries in a misguided attempt to
encourage the purchase of domestic goods. The act encouraged retaliatory
tariffs from other countries, which discouraged international trade and
worsened the depression on the global scale.
Toward the end of his term, as unemployment reached nearly 25
percent, Hoover enacted slightly more effective legislation. The Federal
Home Loan Bank Act attempted to provide incentives for new home
construction and addressed the struggling housing sector. The Revenue
Act of 1932 increased corporate and personal income taxes to
unprecedented levels to fight the depression.
The Hoover administration’s final attempt to stymie the Great
Depression was the Emergency Relief and Construction Act, also signed in
1932. The Act provided government-backed loans to banks and created
public works projects in the interest of increasing employment. This
blueprint was greatly expanded by Hoover’s successor, Franklin
Roosevelt. Roosevelt’s New Deal, along with the economically stimulating
onset of World War II, would effectively end the Great Depression.
Answer:Its D, dont read all that
Explanation:
Cuz is the right answer homes
