Great Depression in America
The Great Depression is probably one of the most concerning events in American history. It is also proof that capitalism was not a perfect type of government, as everyone believed. The American depression started in a different way than it did in Germany. The Treaty of Versailles was the main event that forced them into depression while a stock market crash was the main event which forced America. Everyone was putting their money into the stock market. People had a large margin to buy stocks with and their credit was up and up. Unfortunately, the only way to from the top, was down. In this case, very down with the stock market crash of October 24, 1929. This infamous day was to be remembered as "Black Thursday".Herbert Hoover has been accused of being a do-nothing president who allowed the country to continue to slide into its worst depression ever. Although Hoover actually did take some action, but that it was too little, too late. Hoover did intervene af
The downfall struck America where it hurts, it's economy. The United States entered World War II in December of 1941, the year generally considered to be the end of the Great Depression. And when that didn't work put even more money into the government. For it's the people who helped build and construct this rising America. Ironically, FDR, the president who put in so many government programs himself, was elected as President after Hoover. Italy, Spain, Great Britain, and many other countries had their own downfall in economy at these times. The rise of alternative political systems and the inability to establish a collective security. All in all, it's not that Hoover was a "do nothing" president, it's that he intervened in exactly the wrong way. And when all else fails, keep spending money because in the long run it would be worth it. Although before all this happened, our depression had an effect on many other countries than our own. As he was trying to help, he had made the problem much worse. He thought that the only way to fix Hoover's mistakes and go into a state of recovery was to put money into the government. His main course of action was to expand Hoover's programs and he had a covenant with the people to do so. FDR's policies seemed to work at first. A tariff does exactly the wrong thing, inflation.
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Acceptance Essays
