Hoover's Response To The Great Depression
The Great Depression was one of the hardest times for Americans and lasted for at least a decade, bringing hunger, poverty, and unemployment to millions of lives to a country which had been one of the richest and industrially advanced in the world.
Before the 1930's there was an economic boom, but in 1929, the economy of the country began to decline. On October 1929 the share values on the New York Stock Exchange collapsed. The economic decline continued for several years with little signs of improvement. Production fell dramatically, factories closed, banks failed and the queues at labour exchanges, dole offices and soup kitchens grew even longer.
President Herbert Hoover was the President during the time of the Great Depression. He was …show more content…
When the stock market took a nosedive, Hoover said, "The fundamental business of this country, that is production and distribution of commodities, is on a sound and prosperous basis." People did not like the fact that he was too optimistic and though he should be more down to earth.
The Great Depression bought many problems. One main problem was that the American economy during this period was the uneven distribution of wealth. If the profits had been more evenly shared and industries had been helped then this great country could have coped with the crash of the stock market.
This led to a number of other problems. People became depressed, thousands of people went hungry and living conditions changed drastically. The Great Depression hit farmers especially hard. In addition to the usual challenges of agriculture, a great drought took place in 1931 and 1932 in the Midwest and the south, turning much of the Trans-Mississippi West into the Dust Bowl situation. It turned one hundred million acres of land to dust and contributed greatly to the hardship suffered during this
Before the 1930's there was an economic boom, but in 1929, the economy of the country began to decline. On October 1929 the share values on the New York Stock Exchange collapsed. The economic decline continued for several years with little signs of improvement. Production fell dramatically, factories closed, banks failed and the queues at labour exchanges, dole offices and soup kitchens grew even longer.
President Herbert Hoover was the President during the time of the Great Depression. He was …show more content…
When the stock market took a nosedive, Hoover said, "The fundamental business of this country, that is production and distribution of commodities, is on a sound and prosperous basis." People did not like the fact that he was too optimistic and though he should be more down to earth.
The Great Depression bought many problems. One main problem was that the American economy during this period was the uneven distribution of wealth. If the profits had been more evenly shared and industries had been helped then this great country could have coped with the crash of the stock market.
This led to a number of other problems. People became depressed, thousands of people went hungry and living conditions changed drastically. The Great Depression hit farmers especially hard. In addition to the usual challenges of agriculture, a great drought took place in 1931 and 1932 in the Midwest and the south, turning much of the Trans-Mississippi West into the Dust Bowl situation. It turned one hundred million acres of land to dust and contributed greatly to the hardship suffered during this