Answer: No because
Explanation: Hoover's response to the Great Depression was the Smoot-Hawley tariff which rose tariffs on over 20,000 products. ... Hoover was nicknamed "Do nothing" by the Democrats, they blamed him for sticking to Laissez faire economics, but this accusation was wrong as he pushed for more state intervention which eventually failed.
I would use two sources of data for income and two for literacy. For average income I would consult the censuses if they were available at that time. In particular I would check the differences between the years 1800 and 1850. Also I would check employment records for the same trades/professions for the two years. For literacy, I would check the school records to see if there was an increase in youth completing high school and also check the university records to see how many graduates there were in the two years.
The answer is B. They were peasants, not bankers.
Each of these events and actions dealt with the extension of slavery into the western territories. The Missouri Compromise (1820) banned slavery 36 degrees latitude. The Compromise of 1850 allowed for popular sovereignty (voters decide) in the Mexican Cession territory.