How were Great Britain’s economic policies during the 1970s oil crisis similar to President Hoover’s policies during the Great Depression? O Both enforced numerous fiscal policies designed to stabilize the economy and inflation.
O Both promoted free-market policies and more competition in an effort to help the economy recover.
O Both expanded the monetary supply in an effort to reduce inflation and stem the economic decline.
O Both increased socialist fiscal policies in an attempt to minimize the effects of the economic recession.