At the onset of the Great Depression, Herbert Hoover advocated the principles of associat

timer Asked: May 26th, 2015

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The Great Depression began with the collapse of the Stock Market in 1929. But the economy had been unsteady for some time and the market\'s collapse revealed weaknesses in our economy. The President, Herbert Hoover, a self-made millionaire, responded to the dilemma as other Presidents had -- essentially believing that the economy was going through a typical boom or bust cycle and after a period of time would correct itself. Unfortunately, the Great Depression grew deeper and the government, under Hoover, seemed unwilling or unable to respond dynamically to the growing crisis, and hence Hoover was denied a second term. By 1933, Franklin D. Roosevelt had taken the oath of office as President and began a New Deal which seemed to get the nation moving again. In the first 100 days of his administration legislation affecting almost every sector of the population was signed into law demonstrating, at least, that the government was responding. The larger question became was the nation going to withstand the change Roosevelt brought, or sink back into the Depression? For Further information Roosevelt and the economy during the Great Depression see: Roosevelt and the Great Depression

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