How Did Herbert Hoover Cause The Great Depression

Herbert Hoover who was the U.S. 31st president took office in 1929, which is also the year that the U.S. economy plummeted and this occurrence had started the “Great Depression”. In fact, October 29, 1929 which is also known as “Black Tuesday”, was the day that the stock market began to crash after the stock market had been increasing at an astonishing rate. As the Great Depression began to worsen as time passed on our president, Herbert Hoover believed that the cause of the Great Depression had been caused by the American people. If you don’t understand what the Great Depression was just imagine you are at the top of your game, you are very wealthy, prospering in your career, and you have everything that you want. All of a sudden, you owe the bank everything that you own including; cars, money, houses, accessories, and anything else that can help pay off your debt. …show more content…
In addition, Herbert Hoover believed that this depressing time in U.S. history would pass over without the help of the federal government however, this wasn’t the case and in 1932 the Great Depression had reached to its worst moments during the Great depression. During, 1932 our 32nd president Franklin Delano Roosevelt, FDR for short, began to take initiation and started to try and stabilize the economy and help provide jobs to the people that were suffering from the Great Depression. Later, over the next eight years, the government instituted a different programs which was also known as the New Deal Act, these programs aimed to restore measure of prosperity to numerous