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 elected in 1929 and entered the White House with a heroic image and a reputation as a miracle worker. When Hoover was running in the election, Franklin D. Roosevelt said himself, " I wish that we (the democratic party, after Woodrow Wilson's term ended) could make him President. There couldn't be a better one."
Hoover was optimistic that the country would shortly lift out of the depression that they had slipped into and didn't have any foresight to see that perhaps this situation would not pass, therefore many blamed Hoover's passive attitude for the Great Depression. 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...
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