A history of the great depression how it happened and why

He helpedstranded American tourists return home from Europe when the hostilities broke out, and coordinated the delivery of food and supplies to citizens of Belgium after that country was overrun by Germany. Hoover encouraged Americans to reduce their consumption of meat and other commodities in order to ensure a steady supply of food and clothing for the Allied troops.

A history of the great depression how it happened and why

Visit Website After attending Quaker schools, Hoover became part of the first class to enter Stanford University when it opened in He graduated four years later with a degree in geology and launched a lucrative career as a mining engineer.

Intelligent and hardworking, Hoover traveled all over the world to find valuable mineral deposits and establish business enterprises to extract the resources.

His work made him a multimillionaire. On February 10,Hoover married his college sweetheart, Lou Henryand the couple had two sons, Herbert and Allan Henry He helpedstranded American tourists return home from Europe when the hostilities broke out, and coordinated the delivery of food and supplies to citizens of Belgium after that country was overrun by Germany.

Hoover encouraged Americans to reduce their consumption of meat and other commodities in order to ensure a steady supply of food and clothing for the Allied troops.

Once the war ended, Hoover, as head of the American Relief Administration, arranged shipments of food and aid to war-ravaged Europe. During the fast-paced modernization of the s, Hoover played an active role in organizing the fledgling radio broadcasting and civilian aviation industries, and also laid the groundwork for the construction of a huge dam on the Colorado River between Arizona and Nevada.

Named for Hoover, the dam opened in The Great Depression In the U. Promising to bring continued peace and prosperity to the nation, he carried 40 states and defeated Democratic candidate Alfred E.

Smiththe governor of New Yorkby a record margin of electoral votes. Banks and businesses failed across the country. Nationwide unemployment rates rose from 3 percent in to 23 percent in Millions of Americans lost their jobs, homes and savings. Many people were forced to wait in bread lines for food and to live in squalid shantytowns known derisively as Hoovervilles.

Hoover undertook various measures designed to stimulate the economy, and a few of the programs he introduced became key components of later relief efforts. He believed in a limited role for government and worried that excessive federal intervention posed a threat to capitalism and individualism.

He felt that assistance should be handled on a local, voluntary basis. Accordingly, Hoover vetoed several bills that would have provided direct relief to struggling Americans.

A history of the great depression how it happened and why

By the time of the presidential election, Hoover had become a deeply unpopular—even reviled—figure across much of the country. Carrying only six states, he was soundly defeated by Democratic candidate Franklin D. Rooseveltthe governor of New York, who promised to enact a slate of progressive reforms and economic relief programs that he described as a New Deal for the American people.

He wrote articles and books outlining his conservative political views and warning about the dangers of investing too much power in the federal government. Hoover returned to public service in the s, serving on commissions aimed at increasing government efficiency for presidents Harry Truman and Dwight Eisenhower By the time Hoover died at age 90 on October 20,in New York Cityassessments of his legacy had grown more favorable.

Start your free trial today.Oct 29,  · Watch video · Herbert Hoover (), America’s 31st president, took office in , the year the U.S.

A history of the great depression how it happened and why

economy plummeted into the Great Depression. Although his predecessors’ policies undoubtedly. The Great Depression () was the deepest and longest-lasting economic downturn in the history of the Western industrialized world.

Herbert Hoover - HISTORY

In the United States, the Great Depression began soon after the stock market crash of October. Great Depression, worldwide economic downturn that began in and lasted until about It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.

Although. The depression was caused by a number of serious weaknesses in the economy. Although the s appeared on the surface to be a prosperous time, income was unevenly distributed.

Early Years

The Great Depression was a severe worldwide economic depression that took place mostly during the s, beginning in the United nationwidesecretarial.com timing of the Great Depression varied across nations; in most countries it started in and lasted until the lates. It was the longest, deepest, and most widespread depression of the 20th century.

In the 21st century, the Great Depression is. The Great Depression was a worldwide economic depression that lasted 10 years. Its kickoff was “ Black Thursday," October 24, That's when traders sold .

Great Depression | Definition, History, Causes, Effects, & Facts | nationwidesecretarial.com