The Great Depression By Herbert Hoover - 1445 Words

The Great Depression, beginning in 1929, was a time when the world’s economy rapidly collapsed and majorly affected several continents. This ‘depression’ lasted until around 1941, and throughout that time, most people were focused on North America, mainly the United States, but other continents, such Latin America, also witnessed this great tragedy. For the United States, the Great Depression was one of the most profound economic decrease in its history. Several reasons contributed to this great calamity, such as overproduction, banking and money policies, and stock market practices. Overproduction was when food and products were being made, but no one could afford to buy them. The soon-to-be President of the United States, Herbert Hoover, was the federal government’s food administrator at the time and he started by ‘encouraging’ the farmers to grow more food, so that the United Sates could provide some to their allies in Europe. The conflict was that though the Europeans did need the food, but they did not have the money to purchase the food. Throughout the 1920’s the U.S. President at the time, Calvin Coolidge, paid no attention to the situation of the over worked the under paid farmers. Since the farmers made no money, they could not buy the equipment they needed, which led to them having to take out loans from the bank. Eventually, the farmers fell into serious debt and could no longer pay the banks back. Without the banks receiving the necessary money to continueShow MoreRelatedThe Great Depression and President Herbert Hoover783 Words   |  4 PagesTaking office the same year as the Great Depression, Americas thirty first president, Herbert Hoover greatly impacted the lives of many Americans. It has been stated that the stalk market crash was to blame for the greatest economic downturn in American; however, Ex-President Hoover made critical mistakes during the depression that he would be blamed for the rest of his life. The Great Depression began in 1929, 7 months after the Ex-President’s election. (Insert cite) Instead of â€Å"using the powerRead MoreHerbert Hoover s The Great Depression2059 Words   |  9 Pages Herbert Hoover got many things wrong about the great economic calamity that destroyed his presidency and his historical reputation, but he got one thing right. Much legend to the contrary, the Great Depression was not entirely, perhaps not even principally, made in America. â€Å"The primary cause of the Great Depression, â€Å"was the war of 1914–1918.† Though economists and historians continue to this day to debate the proximate causes of the Great Depression, there can be little doubt that theRead MorePresident Herbert Hoover : The Legacy Of The Great Depression1156 Words   |  5 PagesThesis Question: President Herbert Hoover is often undermined and overlooked as an idle predecessor in comparison to the renowned Franklin Delano Roosevelt. Many people believe that it was Hoover’s lack of action that brought America to its knees before the Great Depression. Should Herbert Hoover be defined as the ineffective president accountable for the aftermath of the Stock Market Crash of 1929 or did he actually play an important role in alleviating the economic turmoil, but simply went unrecognizedRead More herbert hoover and his role in the great depression Essay1025 Words   |  5 Pages Herbert Hoover and His Role in The Great Depression nbsp;nbsp;nbsp;nbsp;nbsp; nbsp;nbsp;nbsp;nbsp;nbsp;With the continually worsening conditions, and the stock market crash on Black Tuesday, October 29, 1929, the United States was thrown into the biggest economical disaster of our history. Everyone, excluding the rich upper class, became poor and most unemployed. 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Herbert s father died when he was sixRead MoreThe Herbert Hoover : The First President Born West Of The Mississippi River1291 Words   |  6 Pages HERBERT HOOVER Manav Verma US 1 Academic February 10, 2016 Knapp ` Herbert Hoover was born on August 10, 1874, in West Branch, Iowa, and was the first president born west of the Mississippi River. He was academically successful and strived to be the best. He was a great candidate but his presidency was a failed one. The Great Depression is mostly to blame, as Hoover worked hard to get to his position and then watched his hard work leave as he lost the chance to be reelected. HooverRead MoreTaking a look at the Great Depression 795 Words   |  3 Pages Great Depression The great depression was one of the worst disasters that occurred in U.S history. October 29, 1929, is the day the stock market crashed, and that day was the beginning of The â€Å"Great Depression†. Many US citizens suffered through this depression, children couldn’t go to school because their parents couldn’t afford to buy school supplies, and children had to work at a young age. Families lost their homes to the bank and they were forced to create homes out of driftwoodRead MoreHerbert Hoover, One of the Worst Presidents in American History885 Words   |  4 PagesBecause of the plague known as the Great Depression, Herbert Hoover is often seen as one of the worst presidents in American history. He enacted policies such as the Hawley-Smoot Tariff that flushed America deeper into the depression. Hoover didnt understand that to solve a crisis such as a depression, he needed to interact directly with the people by using programs such as social securit y and welfare. Instead, Hoover had the idea that if he were to let the depression run its course, it would eventually