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How Did President Hoover Increase General Expenditure

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I do agree with President Hoover decision to increase the federal involvement in general expenditure. His choice, not to involve, the federal government in controlling businesses, manipulating, and forcing fixed prices. President Hoover was decently in love with the value of the capitalism system and contrives all steps close to socialism. His endeavor to financially assist financial institutions was an inspired pick. However, his refusal to boost the public assistance in augmenting the budget was wrong. In so doing, Hoover has ruined the chance to save a dying economy in a short and long term. His fear for the country’s budget deficits ruined his economic policy. All these facts have contributed to his true defeat by Franklin D. Roosevelt.

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