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 the economic issues would be temporary and that maintaining wages would help sustain consumer spending and prevent further economic decline.
what belief led hoover to ask leading industrialists to maintain current wages in the weeks following black tuesday?
answer choices:
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 industrialists would close their factories
he believed the continuation of trade would save the banks
1 answer