1 3 tement best describes the American economy in the late

Last updated: 1/6/2023

1 3 tement best describes the American economy in the late 1920s A High tariffs stimulated international trade B Only the wealthiest Americans had access to credit C Mass production was not equally matched by consumption D Unemployment was higher than ever before in American history On May 1 1930 President Herbert Hoover addressed the annual dinner of the United States Chamber of Commerce While the crash only took place six months ago I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover There is one certainty in the future of a people of the resources intelligence and character of the people of the United States that is prosperity Based on these beliefs what actions did President Hoover take in response to the Great Depression A He ordered emergency federal relief payments to the unemployed B He refused to take any measures at all as a violation of laissez faire principles C He introduced a large number of public works projects to increase employment D He offered limited federal assistance directed primarily to businesses a banks