Causes Of Hoover's Collapse Of Political Decisions

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Not only that, political decisions made by the government also added to the economy’s collapse. Government officials were desperate seeing the economy on the decline. They were also unfamiliar with economics, so they relied on the advice - very poor advice - from economic and political experts. Realizing the mistakes made, Hoover made efforts to intervene. He increased government spending; he spent millions on relief for farmers . He tried to keep wages high by inviting over big name companies and encouraging them to keep as many employees on their payroll as they can while keeping their wages unchanged. However, he made another big mistake. He created the Smoot-Hawley Tariff. This was the highest tariff enforced; he had increased tariffs by
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