The correct answer is True
Answer:
The right answer is "A panic ensued and people began to sell their stocks, causing prices to dive."
Explanation:
The margin calls made by brokers cause a mini-crash of the market on March 25, 1929. Prices plummeted. There was a temporary solution when some prominent bankers promised they would continue to lend, assuaging investors´concerns.
With laissez-faire economic policies, there is limited
government interference in the market. Laissez-fare supports a free market
letting market forces determine prices and production. Competition of the
market players dictates the market with the government only acting as a
regulator.
<span>Herbert Hoover thought that
volunteerism would help turn the economy around because businesses and
individuals will have a greater chance to work together in order to end the
crisis. People who wants to work on something can easily work on it without the
process of job hiring, and that is why volunteerism, for Hoover is a best
strategy in facing the crisis.</span>
