Hoover blamed the Depression on foreign economic collapse over which he had no control. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.
He blamed it on banking and financial institutions becoming involved in securities industry.
Labor unions
Dana rocks
Do to America? Are we supposed to say he caused the Great Depression? How simple minded!
What effort did Hoover make to alleviate the problem caused by the depression
Herbert Hoover was President when the Great Depression began. Franklin Roosevelt was President when the Depression ended.
Herbert Hoover had just become President in 1929 when the Great Depression began. His ineffective response led to his defeat by Franklin D. Roosevelt in 1932.
Herbert Hoover - http://www.u-s-history.com/pages/h1580.html
Herbert Hoover
Herbert Hoover
Hoover was the president when the Great Depression hit.
Herbert Hoover was the president when the great crash hit Wall Street in 1929.
Herbert Hoover was president when it became obvious that the economy was in a depression.
Yes if hoover wasn't president
1928-1933 by Herbert Clark Hoover the 31 president