When the great depression started the stock market crash was the first event leading to the era of poverty and unemployment. He did not try to do anything to help the decrease of jobs and increase of poverty levels. Hoover refused to fund any welfare programs which he believed that any assistance can reduce the chance of working. Hoover did not take any action when it came to the “crash”. There were a few reasons we had gone through the great depression after the stock market crash. Like bank failures. Bank accounts were uninsured which meant many with bank accounts had lost their savings. Many other banks that survived were worried about their safety. Then there was the reduction in in purchases. The reductions in purchases happened in all the wealth classes. Due to the reduction in purchases, there where a large amount of workfare. Finally there was a economical policy with Europe. Businesses started to fail, so they had created the Smoot-Hawley Tariff, 1930. This was made to protect the companies. With this there was a large tax that had been put on imports with America and Foreign countries. In result there were less trades amongst them. This was a hard era we as America had gone through, until came along Franklin Delano