Search results
Results From The WOW.Com Content Network
They were named after Herbert Hoover, who was President of the United States during the onset of the Depression and was widely blamed for it. The term was coined by Charles Michelson. [2] There were hundreds of Hoovervilles across the country during the 1930s. [3] Homelessness was present before the Great Depression, and was a common sight ...
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933.A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe.
Herbert Hoover and the Great Depression (1959). scholarly history online; Watkins, T. H. The Great Depression: America in the 1930s. (2009) online; popular history. Wecter, Dixon. The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N.
The Great Depression was the worst economic crisis in US history. More than 15 million Americans were left jobless and unemployment reached 25%. 25 vintage photos show how desperate and desolate ...
But days later came the Wall Street Crash that marked the beginning of the Great Depression. [5] In addition, Hoover and MacDonald came to an agreement that formed the basis of the 1930 London Naval Treaty while meeting at Rapidan Camp, talking for hours sitting on an "historic log".
In 1928, Hoover was considered the leading candidate for president by the Republican Party. He defeated Al Smith in a landslide. However, his term was marred by the economic downturn of the Great Depression. Despite efforts to right the economy, Hoover was himself defeated in a landslide in 1932 to Franklin D. Roosevelt.
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
Donald Trump's proposed tariffs on imports would likely lead to a depression similar to the Great Depression, as seen in the Smoot-Hawley tariff act of 1930, which caused the global trade to ...