3. Why did President Hoover believe in trickle-down economics?

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Micah Frazier

28 May, 02:14

3. Why did President Hoover believe in trickle-down economics?

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Darion Compton · Answer 1

President Hoover believed that a trickle-down economic policy would stimulate economic growth. Hoover believed that trickle-down economics would stimulate economic growth by providing banks and businesses with government funds to increase production, create more jobs, and spur consumer spending.