Because he didn't DO ANYTHING- He believed in a market economy and fluctuations were considered normal and inevitable.
Hoover believed the reason for the great depression was peoples lack of faith in the economy so that prevented people from reinvesting their money into the stock-market.
Much of the blame for the Depression was placed unfairly on President Hoover. President Calvin Coolidge was to blame for part of the Depression.
True
Herbert Hoover
Herbert Hoover
no because he tried his hardest to end depression
At one time, a lot of people blamed Herbert Hoover. Many people today blame the Federal Reserve. Other people and organizations have been blamed, including banks, industrialists, and investors. The actual reasons are probably too complex to blame an individual or single group of people. There is a link below to an article on the Great Depression, opening to the section on causes.
Capitalism
Hoover believed in trickle down economics and he didn't provide direct relief to the poor. He also bailed out buisinessess.
Herbert Hoover was NOT a horrible president. Some people blame him for the great depression, but he did not cause it. He just happened to be in office when it happened. He took steps to improve the economy, but they took time to produce an improvement and the people voted him out in favor of someone who told them he would make American great again.
disgust for hoover
People blamed president Hoover for causing the Great Depression, so people made jokes about it. For example "Hoover carts".
Germany