how did president hoover approach toward the economy compare with calvin coolidges apporoach
President Hoover's approach toward the economy differed from Calvin Coolidge's approach in several key ways. Coolidge believed in a hands-off, laissez-faire approach to the economy, advocating for minimal government intervention and letting businesses operate freely. He believed in low taxes, low government spending, and a balanced budget.
In contrast, Hoover believed in a more active role for the government in managing the economy. He implemented a number of policies in response to the Great Depression, including the creation of the Reconstruction Finance Corporation to provide financial assistance to struggling businesses and banks. Hoover also raised taxes in an attempt to balance the budget and instituted public works projects to try to stimulate economic growth.
Overall, Hoover's approach was more interventionist and involved more government involvement in the economy compared to Coolidge's hands-off approach. However, both presidents ultimately faced criticism for their handling of the economy during their respective terms in office.