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President Herbert Hoover initially responded to the Stock Market crash of 1929 with a belief that the economy would self-correct, urging confidence and encouraging businesses to maintain wages and employment. He emphasized voluntary measures and limited government intervention, hoping to stimulate recovery through private sector efforts. However, as the economic situation worsened, his administration implemented some public works projects and loans to banks, but many viewed his response as inadequate and slow. This perception contributed to his declining popularity and the eventual election of Franklin D. Roosevelt in 1932.
What else can I help you with?
What happened to the unemployment rate after the stock market crash in 1929?
After the stock market crash in 1929, the unemployment rate in the United States significantly increased.
What caused in stock market crash in 1929?
snoz
What types of economics problems did the stock market crash of 1929 lead to?
The stock market crash lead to several things but the main thing was Great Depression
What would happen if there was a stock market crash?
A stock market crash is a sudden dramatic decline of stock prices across a significant cross section of a stock market, which results in a significant loss of wealth. Crashes are driven as much by panic as other underlying features.
What name was given to the rapid stock market crash in 1987, commonly known as Black Monday?
The rapid stock market crash in 1987, commonly known as Black Monday.
What event was the catalyst of the Great Depression?
Stock Market Crash
What event is often considered to be the starting point of the great depression?
(apex) black tuesday
What was a result of the stock market crash farmers problems and the overuse of credit?
The country entered a depression as the result of the stock market crash.
Did the stock market crash happen in the 20th century?
The Stock Market Crash happened in 1929 on Black Tuesday.
What is the stock market crash seen as the beginning of?
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
What were the results of the 1929 stock market crash?
at the end of the stock marketday on thurs. oct,24 the market was at a selling panic attack. the profit flew down and that was the result of the Stock Market crash
What event is considered the start of the Great Depression?
The stock market crash of 1929. novanet - stock prices crashed when millions of shares of stocks were sold
The president during the 1929 crash stock market was?
Herbert Hoover was president of the United States during the stock market crash of 1929.
Do you think the nation would have experienced depression even if the stock market had not crashed?
Yes. The stock market crash did not cause the depression. Instead the economic crisis and the depression caused the stock market crash
In 1929 what did the stock market crash into?
The term "stock market crash" means the prices dropped so low and so quickly, they were basically worthless. The crash caused panic among investors. The market didn't physically crash into anything.
What was the of the stock market crash?
There have been many stock market crashes. A stock market crash is a steep decline is the value of the main index of the stock market, definitely more than 10% and usually more than 20% in the space of a few days.
Did the stock market crash in 1929?
yes it did
