How did President Hoover’s approach toward the economy compare with Calvin Coolidge’s approach?

(1 point)
Responses

Both devoted time and government money to public assistance programs.
Both devoted time and government money to public assistance programs.

Both believed businesses should be responsible for American prosperity.
Both believed businesses should be responsible for American prosperity.

Hoover, unlike Coolidge, saw labor unions as a way to improve workers’ living standards.
Hoover, unlike Coolidge, saw labor unions as a way to improve workers’ living standards.

Hoover, unlike Coolidge, believed in government programs to assist businesses.
Hoover, unlike Coolidge, believed in government programs to assist businesses.

Overall, Hoover's approach toward the economy differed from Coolidge's in that Hoover believed in government intervention and public assistance programs to combat the effects of the Great Depression, while Coolidge favored limited government involvement and believed in businesses taking responsibility for prosperity. Hoover also saw labor unions as a potential vehicle for improving workers' living standards, which was a departure from Coolidge's stance.