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Question
- how did hoover plan to jump-start big business?
by asking labor unions to call off any strikes they had planned
by asking big corporations to give their workers pay raises
by asking big corporations to hold wages steady at 1929 rates
by asking the federal government for loans to big business
Herbert Hoover's early response to the Great Depression focused on voluntary cooperation with businesses. He urged large corporations to keep wages at their 1929 levels to maintain consumer purchasing power, which he believed would stabilize and jump-start big business. The other options do not align with his core initial policy for business recovery.
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C. by asking big corporations to hold wages steady at 1929 rates