The 20's: The Cause Of The Great Depression

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The roaring 20’s were the best years of some people’s lives, it the age of great parties, Jazz, and speakeasies. Most people lived their lives with a party around every bend, they would invest in stocks, and try to out due their neighbors by spending money on credit cards, to have the nicest and newest things known to man. However there came a time, when the lush and eccentric life of the 20’s ended and the beginning of the 30’s didn’t start off with new beginnings; It happened on October 29, 1929, the Great Depression happened. Economic troubles had plagued America for a while before the Depression (Froner 811), however a series of events had caused the major impact of those economic troubles. The Great Depression did not just occur because …show more content…
Hoover started off with very little in his life, at the very bottom. As he got older he worked hard and made something of himself, and became a billionaire (Presidents Video). Even though he was a compassionate individual, and did what he could for the American people, he did not handle the Great Depression situation very well. Having work hard to make himself from nothing, his idea to help was to just let the American people solve the problem for themselves ("Herbert Hoover on the Great Depression and New Deal, 1931–1933"). Hoover told the Governor of Illinois that no matter what improvement they were making her was gonna keep going in his economic situation over the winter (Herbert Hoover on the Great Depression and New Deal, 1931–1933). Hoovers’ economic situation included the Smoot-Hawley Tariff, which was a tax increase that Hoover pushed through congress, in the end it just proved to be worse for the American people (Foner 815). Hoovers actions however proved to be ineffective, and he could not loner deny the problem anymore. Hoover then created the Reconstruction Finance Corporation, which helped failing Banks (Foner

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