Causes of the Great Depression The main cause of the Great Depression was a lack of understanding of economic systems. The Great Depression began in 1929, during Republican President Hoover’s watch. Many try to blame the worsening of the Depression on Hoover, for his deviation from Republican economic ideology. However, almost all of Hoover's government action occurred during his last year in office, long after the worst of the Depression had hit. In fact, he was voted out of office for doing not doing enough. The economy was turning downward before Hoover took office in 1929. Entire portions of the economy were depressed throughout the 1920’s, such as agriculture, energy and mining. Even industries with most growth (construction and automobile manufacturing) showing signs in the year before the stock market crash, about 600 banks ....

Number Of Pages: 2

Number Of Words: 415

Got a term paper due soon and need some help quick? You have come to the right place. Essay Galaxy has over 50,000 essays, papers, and reports available for download right now! Get ideas from thousands students just like you to help make that essay perfect. Don't hesitate. Join today and get instant access to our enormous database.

Membership Options Price Savings   1 month subscription    $19.95 recurring * 3 months subscription    $39.95 recurring $19.90 6 months subscription    $69.95 non-recurring $49.75