Question

This excerpt is from a press conference given by President Herbert Hoover in 1929.

The question is one somewhat of analysis. We have had a period of overspeculation that has been extremely widespread, one of those waves of speculation
that are more or less uncontrollable, as evidenced by the efforts of the Federal Reserve Board, and that ultimately results in a crash due to its own weight.
.. The ultimate result of it is a complete isolation of the stock market phenomenon from the general business phenomenon. In other words, the financial
world is functioning entirely normal and rather more easily today than it was 2 weeks ago, because interest rates are less and there is more capital
available. The effect on production is purely psychological.
The sum of it is, therefore, that we have gone through a crisis in the stock market, but for the first time in history the crisis has been isolated to the
stock market itself. It has not extended into either the production activities of the country or the financial fabric of the country, and for that I think we may
give the major credit to the constitution of the Federal Reserve System.
This excerpt is from President Franklin D. Roosevelt's first inaugural address in 1933.
In such a spirit on my part and on yours we face our common difficulties. . . . Values have shrunken to fantastic levels; taxes have risen; our ability to pay
has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered
leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are gone.
More important, a host of unemployed citizens face the grim problem of existence, and an equally great number toil with little return. Only a foolish
optimist can deny the dark realities of the moment.
How does the excerpt from President Hoover's press conference differ from President Roosevelt's inaugural address?
OA.
Only Roosevelt acknowledges widespread economic problems.
OB.
Only Hoover admits that the country's economic problems have an international basis.
OC. Only Roosevelt advises that the federal government should focus on the economic problems.
OD.
Only Hoover says that the federal government is responsible for the country's economic problems.

Answer 1

Only Roosevelt acknowledges widespread economic problems.

Step-by-step explanation:

The excerpt from President Hoover's press conference differs from President Roosevelt's inaugural address in that only Roosevelt acknowledges widespread economic problems. In Hoover's press conference, he largely downplays the severity of the stock market crash and portrays it as isolated to the stock market itself. He credits the Federal Reserve System for preventing the crisis from extending to the general business phenomenon and production activities of the country. On the other hand, Roosevelt's inaugural address acknowledges the grim realities of the moment, such as shrunken values, rising taxes, limited ability to pay, frozen means of exchange, and a host of unemployed citizens facing the problem of existence with little return on their toil.