Question #8e9bc
1 Answer
Feb 24, 2017
He introduced protectionist measures that worsened the state of the economy.
Explanation:
Herbert Hoover was nicknamed "do nothing" by the Democrats, though it is unfair to assert that he made no attempt to fix the economy, his response was far from being efficient.
Herbert, like his predecessors, was known to believe in Traditional Liberal Economics, and yet he promoted the Smoot-Hawley Act which increased tremendously tariffs on foreign imports. Europe reacted with similar measures and the economy carried on declining, unemployment rose and businesses kept on failing.
