Question 1
President Hoover's Secretary of the Treasury Andrew Mellon
a. had long harbored doubts about the free-market system.
b. proved too inexperienced to deal with the economic crisis.
c. believed that the market plunge was temporary and would strengthen the economy.
d. anticipated many of the New Deal ideas in his own communications with Hoover.
Question 2
On Black Thursday, October 24, 1929
a. stock prices plunged on the New York Stock Exchange.
b. President Hoover declared a national day of mourning.
c. grain prices soared on the Chicago Commodities Exchange.
d. seven members of the Chicago White Sox admitted to having received bribes for throwing the World Series.