Question

How did Herbert Hoover view the US economy as he campaigned for president in 1928?

Answer 1

As he campaigned for president in 1928, Herbert Hoover's view of the U.S. economy, was the unparalleled prosperity across the country. Hoover was a friend of big business, which he thought was the foundation of the country´s prosperity. There was an economic boom, partly as a result of WWI. The industry had expanded, government policies helped business to prosper. The automobile industry made the greatest gains, and many other industries were growing swiftly.

Answer 2

The correct option is the first one, while he campaigned for president in 1928; Herbert Hoover saw the unparalleled prosperity across the country.

On taking office, Hoover said that "given the chance to go forward with the policies of the last eight years, we shall soon with the help of God, be in sight of the day when poverty will be banished from this nation." Many shared Hoover's optimism, and the already bullish stock market climbed even higher on Hoover's accession.

However, within months of taking office, the Stock Market Crashed of 1929 in an event known as “Black Tuesday”, and the worldwide economy began to spiral downward into the Great Depression, which was a severe worldwide economic collapse that took place during the 1930s, beginning in the United States.