Why did president Hoover help businesses rather than the individuals?

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2026-03-20 11:00

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President Hoover believed that aiding businesses would ultimately lead to job creation and economic recovery, as he thought that a strong economy would help individuals indirectly. He adhered to the principle of "trickle-down economics," assuming that if businesses were supported, the benefits would eventually reach workers and consumers. Hoover was also concerned about maintaining a balanced budget and feared that direct relief to individuals could undermine self-reliance and encourage dependency on government assistance.

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