Which Action Did President Hoover Take to Remedy the Depression

question 30

Multiple Choice

Which action did President Hoover take to remedy the depression following the 1929 stock market crash? ​

• A)He initiated a massive public works program.
• B)He set up presidential committees to coordinate volunteer relief efforts. 
• C)​He proposed legislation to have the government underwrite failed banks.
• D)​He discouraged the Federal Reserve System from allowing businesses to borrow.

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Definitions:

Quota

A limit set by a government on the quantity of a particular product that can be imported or exported within a given timeframe, used for trade regulation.

Policy Action

A deliberate action taken by a government or other organization to influence economic, social, or environmental outcomes.

Domestic Supply

The sum of all products and services made within a nation, ready for use domestically or for sending abroad.

Domestic Demand

The total demand for goods and services within a country, including demand from both consumers and businesses.