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How President Hoover believed the economic crash would be solved

User John Kocktoasten
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1 Answer

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11 votes

Answer:

He thought there was nothing fundamentally wrong with the American economy.

Step-by-step explanation:

All that was needed Hoover thought was to restore peoples' confidence in the economy. Once Americans regained their confidence, Hoover believed, stock prices would rise, factories would open, and people would go back to work.

User Georgeann
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