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At first President Hoover tried to organize national optimism by summoning business execs to DC to declare that conditions were sound and that there would not be wage cutting. When that did not work (stop the depression), he became inactive for a while, trusting to the idea that it all would self-correct. When that did not work, he organized an international moratorium in war debts and reparations. This actually did help stem the slide further into depression, but only briefly. Then he set up the Reconstruction Finance Corp. to bring federal aid to hard pressed banks and businesses. Just as it seemed that this might work and that recovery was at hand, in the winter of 1932-33 the banking system in America went into a tailspin. On March 4, 1933, the American banking system ground to a complete halt. Hoover was an able and intelligent president who attempted orthodox economic ideas, but became a victim to the collapse of the system.
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Who was the president during the beginning of the depression?
Herbert Hoover
Who was the president in power during the Great Depression?
Herbert Hoover was President when the Great Depression began. Franklin Roosevelt was President when the Depression ended.
Who was the president during early depression?
Franklin Delano Roosevelt was the United States president during the Great Depression.
Who was US president during the depression of 1929?
Herbert C. Hoover was the President when the stock market crashed in October of 1929.
When did Hoovervilles occur?
during the great depression and when herbert hoover was president
Who had power in the US during the great depression?
Herbert Hoover was president.
Who was the president durning the great depession?
Herbert Hoover was president from 1929 to 1933. He took office March 4, 1929, just months before the stock market crash in October 1929.
What president had slums named after him during the great depression?
Hoovervilles were named for President Herbert Hoover.
Who were the 2 president's during the depression?
Herbert Hoover and Franklin Delano Roosevelt.correct
Shanty towns that sprang up during the Great Depression were popularly known as?
They were called Hoovervilles, after President Hoover. Many people blamed President Hoover for the Depression.
What were hoover blanket?
during the great depression, the omeless used old newspapers as blankets. There became known as "hoover blankets" after the United States president Herbert Hoover.
Who was president Herbert Hoover proceeded by?
F.D. Roosevelt was president of the United States after Hoover. He was president from 1933-1945. He is sometimes referred to as F.D.R. He was president during the Great Depression.
