Question
What belief led Hoover to ask leading industrialists to maintain current wages in the weeks following Black
Tuesday?
(1 point)
• 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.
Tuesday?
(1 point)
• 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.
Answers
GPT-4o mini
The belief that led Hoover to ask leading industrialists to maintain current wages in the weeks following Black Tuesday was:
• He believed the crash was not part of a larger downturn.
Hoover thought that the economy would recover quickly and that maintaining wages would help sustain consumer purchasing power and prevent further declines in the economy.
• He believed the crash was not part of a larger downturn.
Hoover thought that the economy would recover quickly and that maintaining wages would help sustain consumer purchasing power and prevent further declines in the economy.