The Great Depression

The Great Depression

Two presidents, Herbert Hoover and Franklin D. Roosevelt, were unfortunately faced with the greatest economic plummet of their times. The bedlam over speculation caused stock prices to soar, causing the stock market to take a turn for the worst. Businesses collapsed and savings were completely expunged. Unemployment soon reached a peak of 13 million people.
Although orphaned by the young age of 10, Herbert Hoover did not let the tragic obstacle stop him from being successful. He went on to graduate from the prestigious Stanford University and when the war broke out in Europe, he became involved in high-level relief work, supervising the distributing of food and supplies to the people of Belgium and northern France. These acts of kindness earned him the title of the U.S food administrator. He moved up to Secretary for Commerce which got him noticed by the public as the leader of America’s confident business community. In 1928, he became president. ...