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How Did President Hoover Cause The Great Depression

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How Did President Hoover Cause The Great Depression
The stock market crashed in less than eight months into Herbert's presidency. The Stock Market crashing made it clear that excessive speculation and the world wide economic slowdown had caused the Great Depression.Calls had came in but Hoover completely refused to involve the federal government in forcing fixed prices, controlling businesses, or manipulating the value of the currency. He was inclined to give direct aid to the banks, but he refused to aid the citizens. He focused on volunteerism to help the citizens. During the re-election Hoover tried to explain to the people that the depression had some ways the government could help but other ways the government could not. Causing him to lose the re-election to Franklin D. Roosevelt.
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