How did President Hoover react to the stock market crash of 1929?

Answers

Answer 1

Answer: Herbert Hoover on the Great Depression and New Deal, 1931–1933. The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover's presidency. Most experts, including Hoover, thought the crash was part of a passing recession.

Answer 2

Answer:

Final answer:

President Hoover responded to the 1929 stock market crash by believing in limited government intervention and reassuring the public about the economy's strength. He appealed for individual and business resilience while facilitating new projects and a substantial tax cut. However, his reaction proved ineffective as the economic downturn worsened into the Great Depression.

Explanation:

President Hoover reacted to the stock market crash of 1929 by initially reassuring the American public that the economy was 'fundamentally sound.' He believed the crisis would self-correct with limited government intervention. He asked individuals to tighten their belts and work harder, and he asked the business community to voluntarily keep retention of workers and continue production. Hoover also convened meetings with industrial, utility, and railroad executives and elicited promises for billions of dollars in new construction projects. Moreover, Hoover persuaded Congress to pass a $160 million tax cut to boost American incomes.

Despite his efforts, the economic situation worsened. Hoover's optimism did not match the reality experienced by the American public, leading to a loss of confidence in his administration. The Great Depression followed the stock market crash, causing severe economic hardship for millions of Americans, which was not successfully addressed by Hoover's policies.

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Answer:

raw materials and markets for their industrial goods.

Shays' Rebellion encouraged national leaders to A. seek alternatives to the Articles of Confederation.
B. repeal the Stamp Act.
C. change the Declaration of Independence.
D. repeal the Bill of Rights.

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Shay's rebellion encouraged national leaders to seek alternatives to the Articles of Confederation. The correct option among all the options given in the question is option "A". Shay's Rebellion was actually an armed uprising that took place in Massachusetts between the month of August in the year 1786 and the month of June of the year 1787. It was an uprising that was led by a veteran revolutionary war veteran by the name of Daniel Shays. Daniel Shays actually led about 4000 rebels against the economic injustices.

Answer:

a. seek alternatives to the Articles of Confederation.

Explanation:

I just took the test and it was correct :)

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Answer:

Explanation:

Took it on edg.

Answer:i think it was d

Explanation:

Which West African kingdom dominated the rain forest and coastal regions of what today is the country ofA. Nigeria?
B. Mali
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Answer:

Explanation:

It is: A: Nigeria. Have a nice day :)

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Answer:

Explanation:

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As a result, some people (mostly African Americans, since they were the ones who worked primarily in the fields) migrated North in order to find new jobs. This was known in the US as the "Great Migration".

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