Answer:
The correct answers are C, <em>calling for immediate federal funding to support financial institutions troubled by bank runs</em> and D, <em>creating a series of federal programs to provide employment on public works</em>.
Explanation:
Republican President Herbert Hoover (1874-1964) firmly believed the government should not intervene in the economic field. Because of this his administration only actively fought the economical crisis in early 1932, when unemployment was around 23%.
During that year Hoover's administration got Congress to approve the creation of the Reconstruction Finance Corporation (RFC), an institution to financially support states' governments and financial institutions. RFC saved a few banks but not enough to ease the crisis.
In mid-1932 Hoover signed the Emergency Relief and Construction Act that liberated public funds for public works to provide employment.
Options A, B and E are wrong:
When the government worked on the housing field for low-income individuals it was not through tax cuts; (A)
it did not urge private agencies to organize relief efforts, only to not cut wages during the beginning of the crisis; (B)
on the contrary, Hoover established a moratorium on foreign debts related to World War I (1914-1918) to stop the European crisis caused by the American crisis aiming to help both economies. (E)
Probably a or c idk but provably c
Answer:
Answer A.
Explanation:
I don't have a step by step, I was just doing this same article and I clicked A and it was right. Hope this helps!
