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Announcing his 1931 economic stimulus plan. Recorded October 1931. Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933. He was a member of the Republican Party, and held office during the onset of the Great Depression.
In late October 1929, the Wall Street Crash of 1929 occurred, and the worldwide economy began to spiral downward into the Great Depression. [42] The causes of the Great Depression remain a matter of debate, [43] but Hoover viewed a lack of confidence in the financial system as the fundamental economic problem facing the nation. [44]
By the spring, he was down over $6 million on paper. However, upon the Wall Street Crash of 1929, he netted approximately $100 million. [6] Following a series of newspaper articles declaring him the "Great Bear of Wall Street", he was blamed for the crash by the public and received death threats, leading him to hire an armed bodyguard. [10]
The Wall Street Crash of 1929, also known as the Great Crash, Crash of '29, or Black Tuesday, [1] was a major American stock market crash that occurred in the autumn of 1929. It began in September, when share prices on the New York Stock Exchange (NYSE) collapsed, and ended in mid-November. The pivotal role of the 1920s' high-flying bull market ...
Franklin Delano Roosevelt[ a ] (January 30, 1882 – April 12, 1945), commonly known by his initials FDR, was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945. The longest serving U.S. president, he is the only president to have served more than two terms.
Since the office was established in 1789, 45 men have served in 46 presidencies. The first president, George Washington, won a unanimous vote of the Electoral College. [4] Grover Cleveland served two non-consecutive terms and is therefore counted as the 22nd and 24th president of the United States, giving rise to the discrepancy between the ...
William Lindesay OBE (born 8 May 1956) is an English author, runner, [1] and conservationist. He is best known for his work in protecting and conserving the Great Wall of China. He first went to China to run on the Great Wall in 1986, making the first documented traverse of the ruins on foot the following year, in 1987, in which he covered ...
On October 29, 1929, also known as Black Tuesday, stock prices on Wall Street collapsed. The events in the United States added to a worldwide depression, later called the Great Depression, that put millions of people out of work around the world throughout the 1930s.