The reasoning behind what actually caused the great depression is contentious. Most Americans will cite the stock market crash of 1929 caused the Great Depression. On the other hand, if one were to ask an economists, many opinions and facts will be brought to light. US policy is large factor when discussing the causations.
Herbert Hoover, the 31st President of the United States of America (1929-1933) had a main role in changing US policy. President Hoover, was born in 1874, grew up in the state of Oregon and graduated as a mining engineer from Stanford. He spent most of his life before Presidency abroad. Hoover was present, before during and after the Boxer Rebellion in China. He worked to feed Belgium’s during their German occupied years of World War I. Then Hoover moved onto provide relief work in Russia until the United States entered the war. President Wilson appointed him head of Food Administration, then the American Relief Administration. In 1920 he began to serve as the Commerce Secretary under President Harding and the continued with President Coolidge. When he became the Republican Presidential Nominee in 1928 Herbert Hoover stated, "We in America today are nearer to the final triumph over poverty than ever before in the history of any land”. A great statement, however months later the stock market crashed and the United States went into the Great Depression, or what is considered a lost decade.
President Hoover’s policies were learned from World War I’s
There are many things that factor in as causing The Great Depression. I believe the biggest factors to be money and confidence. Even though by year end of 1930 the stock market had recouped some of the money lost in the previous years’ loss with the devastating Black Tuesday. The US and the rest of the world would continue to feel the devastating effects of banks failing, high unemployment rates, reduced trade and purchasing of over produced goods, and a negative impact to agricultural. This would not only put a dent in the people’s confidence with the stock market and banks but also government would need to step up in a big way to get things somewhat back on track.
Herbert Hoover was known as the great humanitarian who can solve any problem he faced. Later on, it turns out to be false which ends up hurting not only America but the people
There are some main causes The great depression, first in 1934 per week They made $ 4.80 per week and They paid $ 3 by The incomes of Their Homes, all that happened to Birmingham Alabama in 1934, in Chicago everything rises for The men and The women for the food , And then spent $ 1.10 that was spent on food in stores, The three cases are The three cases were The financial downfall, low wages, and unemployment.
Historians argue what caused the Great Depression, some say it was due to the stock market, others say it may be the war debt or overproduction. To believe the Great Depression was caused by only one event is naive. It was caused by a multitude of problems that the government failed to fix.
A plundering devastation into the heart of America left thousands of American dreams and beings crushed by an invisible malefactor engendered no other than ourselves. The steps Herbert Hoover took during the Great Depression were not adequate to dig America out of the economy downfall. Programs that were created to put people back to work and avail state and local charities with aid didn’t benefit the majority of the population, compared to those who genuinely needed it. American citizens decreed Hoover’s presidency as the situation crescendo; not even all the way into the depression the public's ratings of Hoover were ostensibly low. In 1931, he pledged federal aid in case of starvation in the country; however he still had yet to witness the devastating starvation of Americans from all social stances and ages. He was rooted so deeply in his American philosophy that he could be viewed as neither intentionally ignorant nor merciless. Hoover grasped tight onto his political stance that hinder the efficient help he needed to provide while the Great Depression started to make a home in America; leading to the frustration and exasperation of American citizens.
“What caused the Great Depression?” The Great Depression was one of America’s most influential stepping stones. It helped shape society and the economy for the better, but it caused the most damage. Millions nationwide were affected by the economic fall. Unemployment rates were high and more than thousands were forced to leave their homes.
There were many causes to the Great Depression. Many people would debate how many there were exactly. Out of all of them, here are four of the bigger ones. International payment problems, unequal distribution of wealth, the banking system, and overproduction.
“The president is not only the leader of the party, he is the President of the whole people. He must interpret the conscience of America. He must guide his conduct by the idealism of our people”- Herbert Hoover. America’s 31st president is forced to tackle the great depression and help saving others from starvation. Herbert Hoover, born in Iowa Village in 1874. At ten years old Herbert Hoover, an orphan, but then later adopted by his uncle and grew up in Oregon, which is where he attended Quaker schools. Hoover enrolled at Stanford University when the school opened in 1891, which he then graduated as a mining engineer. Herbert Hoover altered humanity in a positive way because of economic effects as well as cultural effects. Herbert Hoover altered humanity in a positive way because of economic effect, including, provided others with homes to stay in, loaning money and attempting to stop the Great Depression. Hoover also affected humanity in a positive way because of cultural effects such as, providing them with supplies, and saving people with the help of the peace army from disease and lastly Hoover helped save numerous amounts of people by providing others with food.
Herbert Hoover served as the thirty-first President from 1929 to 1933 where he was succeeded by Roosevelt. Hoover was the United States President during a troubling time for many Americans; the Great Depression. Hoover gained a “reputation as a humanitarian in World War I by leading hunger-relief efforts in Europe as head of the American Relief Administration” (biography.com). Hoover was also the U.S. secretary of commerce before he served time in office. Hoover was a known humanitarian and organized many relief efforts. Hoover has many other published works such as The Memoirs of Herbert Hoover: The Cabinet and the Presidency, The Challenge to Liberty, The Problems of Lasting Peace, The Ordeal of Woodrow Wilson, Principles of Mining, and Fishing
Herbert Hoover was one of the greatest humanitarians of the 20th Century. Throughout WWI he was hailed as an uncommon man liked by many. Hoover became the Secretary of Commerce 1921-1928 and the 31st President of the US. However, he was hated for not having a big enough role in the Great Depression and he was blamed for the increasing the poverty of Americans even though the pieces had already been set. While Hoover did do some things wrong in his time he always had the right meaning and his good intentions weren’t understood. Hoover did the best he could and did more than any other president before him to end the Depression.
President Herbert Hoover once pronounced, “The president is not only the leader of the party, he is the President of the whole people. He must interpret the conscience of America. He must guide his conduct by the idealism of our people.” America’s 31st president was forced to tackle the Great Depression and help save others from starvation. Born in Iowa Village in 1874, Herbert Hoover, an orphan, adopted by his uncle, grew up in Oregon Where he attended Quaker schools. Hoover enrolled at Stanford University when the school opened in 1891, where he then graduated as a mining engineer. Herbert Hoover positively impacted humanity due to improvements in the economy as well as culturally making a difference in people’s lives. Specifically, he provided others with homes to stay in, lent money to citizens, and attempted to stop the Great Depression. Hoover also culturally affected humanity positively by providing members of the United States and Europe with necessities, saving people from disease with the help of the peace army, and providing people with food.
Herbert Hoover rose to public prominence during World War I as the Chairman of the Commission for Relief in Belgium, a non-profit, multi-national, non-governmental organization that provided food for more than 9,000,000 Belgian and French civilians trapped behind the front lines. In 1923 Herbert was made this thing called American Child Health Association. It helps kids in very needy times. He was president of the ACHA till 1928. He received thousands of letters from people all over the great continent of europe. That's because he gave them meals in the time of need. Hoover was so successful that he got appointed as secretary of commerce under President Warren Harding. In the U.S. presidential election of 1928, Hoover ran as the Republican
There were easily multiple causes for the start of the Great Depression in 1929. Many historians and economists put emphasis on organizational causes such as actions by the Federal Reserve. Often part of any business cycle are recessions due to the changes of supply and demand, but what turns this business cycle into a depression is always up for debate. In the case of the Great Depression, the stock market crash of 1929, bank failures, debt deflation, and American economic policies with Europe
Many people think that the Great Depression was caused solely by the stock market crash. Anybody who tells you this probably didn’t pass U.S. History in high school. The fact is, the Great Depression was caused many different factors. Four of which were overproduction, uneven distribution of wealth, protective tariffs, and the four “sick industries” of the 1920’s.
There are various factors that led to the Great Depression. To begin, the lack of bank regulation was a big factor. The Federal Reserve Act which made banks have money on reserve, was not enforced. Another big factor was easy credit, Easy credit made it easy for people to get money out the bank without having the money to pay it back. Furthermore, the reduction in purchasing across the board can easily be said to be another key factor. With the stock market being down many people within every social class stop purchasing items. Which would cause a decreased not only the number of items being purchased but also the loss of people jobs. Many people had thing on layaway, so usually they would just pay for it monthly. However once they lost their