What did Andrew Mellon advise hoover to do?

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2026-02-21 06:45

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Andrew Mellon advised President Herbert Hoover to maintain a balanced budget and to avoid excessive government intervention during the onset of the Great Depression. He believed that tax cuts and a focus on business stability would ultimately lead to economic recovery. Mellon emphasized the importance of restoring public confidence and suggested that a hands-off approach would be more effective than direct government aid.

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