THE GREAT DEPRESSION 1929 1940
PRESIDENT HERBERT HOOVER AND THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How did President Hoover initially respond to the stock market crash?
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by extending loans to farmers and families about to lose their homes
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by shutting down the stock market and setting out a plan for recovery
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by immediately addressing Congress in order to seek relief for families
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by being optimistic and downplaying the severity of the situation
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Explanation:
Detailed explanation-1: -In keeping with these principles, Hoover’s response to the crash focused on two very common American traditions: He asked individuals to tighten their belts and work harder, and he asked the business community to voluntarily help sustain the economy by retaining workers and continuing production.
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