Question

When Herbert Hoover was elected as President in 1928, the U.S. economy appeared to be in a _________.
A) Depression
B) Recession
C) Period of prosperity
D) Recovery
E) Bank crisis

Answer 1

Hint: Herbert Clark Hoover was born in Iowa in 1874 and was the first president of the United States to be born west of the Mississippi River. He travelled the world as a mining engineer and independent mining consultant, amassing a sizable personal fortune.

Complete answer:
After Republican President Calvin Coolidge announced that he would not run for reelection, Hoover won the Republican nomination in the 1928 presidential election. Hoover campaigned on Coolidge's economic legacy, promising to support business, improve the quality of life for the country's farmers, and pursue a relatively isolationist foreign policy.

The stock market crash in 1929 accelerated the onset of the Great Depression. Despite a reputation for dithering in the face of economic peril, Hoover's administration pursued policies that helped lay the groundwork for Roosevelt's New Deal. Hoover launched a massive public works program, which included funding for the Hoover Dam on the Colorado River.

When Herbert Hoover was elected President in 1928, the United States economy appeared to be in a prosperous period. Herbert Hoover took office during a period of continued prosperity in the country. Americans hoped he would continue to lead the country through more economic growth, but neither he nor the country was prepared for the fallout that followed.

However, Hoover's moderate policies, based on a firm belief in the spirit of American individualism, were insufficient to stem the escalating problem. and the economy slipped further and further into the Great Depression.

Thus, the answer is Option ‘C’ i.e, Period of prosperity.

Note: Although Hoover ran for re-election in 1932, his failure to mitigate the economic consequences of the Great Depression had made him widely unpopular. He was defeated in the election by Democrat Franklin D. Roosevelt.