7 DAYS AFTER THE CRASH President Herbert Hoover
Press conference, November 5, 1929

We have had a period of overspeculation that has been extremely widespread, one of those waves of speculation that are more or less uncontrollable, as evidenced by the efforts of the Federal Reserve Board, and that ultimately results in a crash due to its own weight. . . . The ultimate result of it is a complete isolation of the stock market phenomenon from the general business phenomenon. In other words, the financial world is functioning entirely normal and rather more easily today than it was two weeks ago, because interest rates are less and there is more capital available.

The effect on production is purely psychological. So far there might be said to be from such a shock some tendency on the part of people through alarm to decrease their activities, but there has been no cancellation of any orders whatsoever. There has been some lessening of buying in some of the luxury contracts, but that is not a phenomenon itself. . . .

The sum of it is, therefore, that we have gone through a crisis in the stock market, but for the first time in history the crisis has been isolated to the stock market itself. It has not extended into either the production activities of the country or the financial fabric of the country, and for that I think we may give the major credit to the constitution of the Federal Reserve System.

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Select the correct answer. read this excerpt from leo tolstoy's the death of ivan ilyich: her attitude towards him and his diseases is still the same. just as the doctor had adopted a certain relation to his patient which he could not abandon, so had she formed one towards him—that he was not doing something he ought to do and was himself to blame, and that she reproached him lovingly for this—and she could not now change that attitude. "you see he doesn't listen to me and doesn't take his medicine at the proper time. and above all he lies in a position that is no doubt bad for him—with his legs up." she described how he made gerasim hold his legs up. the doctor smiled with a contemptuous affability that said: "what's to be done? these sick people do have foolish fancies of that kind, but we must forgive them. . " they all rose, said good-night, and went away. when they had gone it seemed to ivan ilyich that he felt better; the falsity had gone with them. but the pain remained—that same pain and that same fear that made everything monotonously alike, nothing harder and nothing easier. everything was worse. again minute followed minute and hour followed hour. everything remained the same and there was no cessation. and the inevitable end of it all became more and more terrible. based on the excerpt, how is praskovya fedorovna a character foil to ivan ilyich? a. she is kind and takes care of ivan, which is why he feels guilty about how he treated her for most of their married life. b. she is vindictive toward ivan while pretending to be worried about him, thus reminding him of how his family has never forgiven him. c. she plays the part of the worried wife without any real feeling, symbolizing the false propriety ivan upheld but now hates. d. she is young, healthy, and beautiful—everything ivan can never be again and wishes he could return to. reset next