Question

What was the economic outlook of the average American when Herbert Hoover took office in 1929?

a. Economic boom and prosperity
b. Recession and unemployment
c. Stagnation and poverty
d. Hyperinflation and economic collapse

Answer 1

In 1929, Americans were optimistic about their economic prospects as Herbert Hoover took office, but the economic boom quickly turned to a bust with the onset of the Great Depression.

Step-by-step explanation:

When Herbert Hoover took office in 1929, the economic outlook of the average American was one of optimism and expectation of continued prosperity. The country was experiencing an economic boom, and citizens were hopeful that the wealth and growth of the 1920s would persist. Hoover himself declared the country was 'nearer to the final triumph over poverty' than ever before. However, the positive sentiment was short-lived as the stock market crashed later that year, ushering in the Great Depression.