How did president Herbert Hoover assess the state of the economy in December 1931?

A) All that Americans had to fear was fear itself.
B) The fundamentals of the economy were sound.
C) The nation was ripe for reform and bold experiments.
D) The only way out was liquidation of all assets, and of labor.

Herbert Hoover

The 31st President of the United States (1929-1933), known for his handling of the Great Depression, his humanitarian efforts, and his engineering career.

Economy Assessment

The process of analyzing various economic indicators, trends, and data to gauge the overall health and performance of an economy.

Fear Itself

An abstract concept implying that fear, especially unfounded or irrational fear, can be as dangerous or debilitating as the object of that fear.