What happened to the us economy under president hoover’s leadership? check all that apply. banks and businesses continued to fail. millions of people lost their jobs and homes. banks and businesses began to prosper. millions of people found work and bought homes. shantytowns popped up across the country. people turned to bread lines to feed their families.

When Herbert Hoover took office in 1929, the Us economy took a dive into the Great Depression.  

Millions of people lost their homes and their jobs and businesses and banks failed across the country.  

Question: What happened to the US economy under President Hoover’s leadership?

Banks and businesses continued to fail.  

Millions of people lost their jobs and homes.  

Shantytowns popped up across the country.

People turned to bread lines to feed their families.

  Banks and businesses continued to fail.

  Millions of people lost their job and homes.

  People turned to bread lines to feed their families.

Explanation:

  Herbert Hoover was the 31st U.S. President. He served from 1929 to 1933. His presidency was consumed under the Great Depression.

  He was an advocate of Laissez-faire economics. This system believes that transactions between privates are free for government intervention. Because of these beliefs, Hoover stands out and did nothing when the stock market began to crash in 1929. He felt that economic assistance would make people stop working.

  He tried many tactics to fight depression. He encouraged the business leaders to maintain workers and gave many public speeches to prevent panic among the people. Nothing of this worked and it leads to his defeat against Franklin Delano Roosevelt on the elections of 1932.

  I hope this answer helps you.

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