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How Is President Hoover's Great Recession Similar To The Great Depression?

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How Is President Hoover's Great Recession Similar To The Great Depression?
Business was booming in the roaring twenties. Most people we buying furnishings for their houses, large kitchen appliances and automobiles. While the increase in business was a staggering 68%, there was only an 8% increase in employee wages. The gap between the wealthy and poor was bigger than ever combined with production of goods and the rising of personal debt. The market couldn’t take such a surge or in the increasing gap so it crashed on October 29, 1929, otherwise known as Black Tuesday. President Hoover did not offer any financial aid to those in poverty because he thought the crashing of the market was just a passing incident that would only last 60 days. In comparison, The Great Recession is similar to the Great Depression. Leading
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