Which of the following characterized the U.S.economy when Hoover moved into the White House in 1929?
A) There was a huge disparity in wealth between rich and poor.
B) The country had low tariffs and a strong balance of trade with foreign nations.
C) The gap between rich and poor was narrowing.
D) Consumers were reluctant to rely on credit to fund purchases.
Correct Answer:
Verified
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