Question

President Hoover responded cautiously to the Great Depression because he
A. thought that the business cycle would correct itself.
B. was distracted by the giant dust storms in the Great Plains.
C. did not have any experience with business methods and economic theory.
D. believed that the federal government needed to take an active approach to recovery.

Answer 1

i know it is not (D)

Answer 2

(A) Hoover called on the people to voluntarily engage in a collective action - asking business leaders to keep wages and prices up, bankers to pool resources to help weaker banks, and encouraged farmers to form co-ops. After 1931, He reluctantly agreed to form the Reconstruction Finance Corp. (government support) to provide funds to keep banks, farms, and railroads operating after realizing conditions were worsening.

Answer 3

thank you

Answer 4

Word. Good luck. Thanks for the medal.

Answer 5

no thank you