<< Chapter < Page
  U.s. history   Page 1 / 1
Chapter >> Page >
  • The Stock Market Crash of 1929
  • President Hoover’s Response
  • The Depths of the Great Depression
  • Assessing the Hoover Years on the Eve of the New Deal
A photograph shows a row of urban shanties, with several of their inhabitants sitting outside.
In 1935, American photographer Berenice Abbott photographed these shanties, which the unemployed in Lower Manhattan built during the depths of the Great Depression. (credit: modification of work by Works Progress Administration)

On March 4, 1929, at his presidential inauguration, Herbert Hoover stated, “I have no fears for the future of our country. It is bright with hope.” Most Americans shared his optimism. They believed that the prosperity of the 1920s would continue, and that the country was moving closer to a land of abundance for all. Little could Hoover imagine that barely a year into his presidency, shantytowns known as “Hoovervilles” would emerge on the fringes of most major cities ( [link] ), newspapers covering the homeless would be called “Hoover blankets,” and pants pockets, turned inside-out to show their emptiness, would become “Hoover flags.”

The stock market crash of October 1929 set the Great Depression into motion, but other factors were at the root of the problem, propelled onward by a series of both human-made and natural catastrophes. Anticipating a short downturn and living under an ethos of free enterprise and individualism, Americans suffered mightily in the first years of the Depression. As conditions worsened and the government failed to act, they grew increasingly desperate for change. While Hoover could not be blamed for the Great Depression, his failure to address the nation’s hardships would remain his legacy.

Questions & Answers

Why is b in the answer
Dahsolar Reply
how do you work it out?
Brad Reply
answer
Ernest
heheheehe
Nitin
(Pcos∅+qsin∅)/(pcos∅-psin∅)
John Reply
how to do that?
Rosemary Reply
what is it about?
Amoah
how to answer the activity
Chabelita Reply
how to solve the activity
Chabelita
solve for X,,4^X-6(2^)-16=0
Alieu Reply
x4xminus 2
Lominate
sobhan Singh jina uniwarcity tignomatry ka long answers tile questions
harish Reply
t he silly nut company makes two mixtures of nuts: mixture a and mixture b. a pound of mixture a contains 12 oz of peanuts, 3 oz of almonds and 1 oz of cashews and sells for $4. a pound of mixture b contains 12 oz of peanuts, 2 oz of almonds and 2 oz of cashews and sells for $5. the company has 1080
ZAHRO Reply
If  , , are the roots of the equation 3 2 0, x px qx r     Find the value of 1  .
Swetha Reply
Parts of a pole were painted red, blue and yellow. 3/5 of the pole was red and 7/8 was painted blue. What part was painted yellow?
Patrick Reply
Parts of the pole was painted red, blue and yellow. 3 /5 of the pole was red and 7 /8 was painted blue. What part was painted yellow?
Patrick
how I can simplify algebraic expressions
Katleho Reply
Lairene and Mae are joking that their combined ages equal Sam’s age. If Lairene is twice Mae’s age and Sam is 69 yrs old, what are Lairene’s and Mae’s ages?
Mary Reply
23yrs
Yeboah
lairenea's age is 23yrs
ACKA
hy
Katleho
Ello everyone
Katleho
Laurene is 46 yrs and Mae is 23 is
Solomon
hey people
christopher
age does not matter
christopher
solve for X, 4^x-6(2*)-16=0
Alieu
prove`x^3-3x-2cosA=0 (-π<A<=π
Mayank Reply
create a lesson plan about this lesson
Rose Reply
Excusme but what are you wrot?
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, U.s. history. OpenStax CNX. Jan 12, 2015 Download for free at http://legacy.cnx.org/content/col11740/1.3
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'U.s. history' conversation and receive update notifications?

Ask