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All the following were solutions advanced by President Hoover to avert an economic collapse in the 1929-1932 period except: A doubling of the defense budget,
All the following were solutions advanced by President Hoover to avert an economic collapse in the 1929-1932 period except: A doubling of the defense budget, under the assumption that this would stimulate other sectors of the economy An assumption that the downturn would only be temporary, that it was simply part of the country's historical "boom-bust" cycles Limited relief bureaucracieslike POUR and the RFCwould hopefully nudge the economy toward recovery A call for "volunteerism," whereby business leaders and charities would maintain the economic status quo and assist those in need
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