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Sagot :
Answer:
Option C, relying mostly on private enterprise and individual initiative to improve economic conditions
Explanation:
During the great Depression phase and the condition of stock market getting worse day by day, Hoover decided not to involve federal government and impose measures like forcing fixed prices, manipulating the value of the currency or controlling businesses etc. Instead he thought of dealing with it as a social cause and hence gave indirect aid to banks or local public works projects. He also focused on volunteerism to collect money.
Hence, option C is correct
The president Hoover has the idea that the depression could be solved by relying mostly on private enterprises and individual initiative to improve economic conditions.
The great depression was a serious time of economic down turn in the US. the economy of the nation was in shambles at the time.
The president had the mindset that strong business mindset of the citizens of the country was going to be sufficient to pull the country out of the depression.
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