Question

What belief led Hoover to ask leading industrialists to maintain current wages in the weeks following Black Tuesday?(1 point)ResponsesHe believed the surplus of goods could be sold to fix the economy.He believed the surplus of goods could be sold to fix the economy.He believed the crash was not part of a larger downturn.He believed the crash was not part of a larger downturn.He believed the industrialists would close their factories.He believed the industrialists would close their factories.He believed the continuation of trade would save the banks.

Answer 1

The belief that led Hoover to ask leading industrialists to maintain current wages in the weeks following Black Tuesday was that **he believed the crash was not part of a larger downturn**. Hoover thought that if wages were maintained, consumer confidence would be supported, and the economy could recover more quickly.