The Great Depression was a tragic time in which many American’s suffered from unemployment, starvation, weak banking systems, overproduction, and many more issues. There were several issues that led up to the Great Depression, many of which were blamed on Hoover. He worked very hard to find a solution for the depression; however his actions seem to have worsened things. He managed to become very unpopular due to his lack to realize the sweeping nature of the Great Depression. It was especially hard for women during this time as it was thought that women shouldn't be working. What caused the Great Depression? The Great Depression was a global financial crisis that was not caused by one simple thing, there were several issues throughout the 1920's and 30's leading up to this depression. The Wall Street Crash The Wall Street Crash took place at the end of 1929, October 29th to be exact. “This was the day the US stock market crashed, an event which profoundly resonated not just in America but around the developed world. The boom in the stock market, one of the first real examples of modern capitalist economy, was largely built around speculation; investors would typically buy stock that they believed …show more content…
He worked very hard to find a solution for the depression; however his actions seem to have worsened things. “With not enough being done to prevent the crisis in America getting to the scale it did. Moreover, his decisions then impacted on other Western countries, which are what brought the depression to a truly ‘great’ level.” (Causes of the Great Depression, Para.17) He passed the Smoot-Hawley tariff which increased tariffs on imports and minimized the market size. He also made several actions, but people just argued that his actions came about too late. I would have to argue in his defense and say that there is only so much he could of done in his four year term that he served and he made a good