This was known as the war guilt clause, part of article 231 of the Treaty of Versailles
A post of the question would be very helpful. Thank you.
Answer:
Mr. President, considering the fact that the welfare of the citizens is the government's primary responsibility and a huge financial breakdown such as the one the citizens have just experienced can have a devastating effect on the economy and impact negatively on your leadership, don't you think the poor affected citizens deserve some intervention from the government?
Explanation:
From the excerpt, it is clear that the financial crash in the United States Stock market was caused by the greed of investors. However, there were still some hardworking citizens who merely saved their hard-earned monies in the banks, but lost them when the banks closed up. Definitely, they deserved some help from the government.
President Hoover's belief that it was not the function of the government to regulate businesses was flawed as it would be wrong for the government to simply sit by and watch the economy crash.
