The Great Depression of 1929-1939

Mac G. McCartney

Leaders And Cause

The leaders during the Depression were Herbert Hoover (Commander N' Cheif during the bulk of the Great Depression) Franklin Delano Roosevelt ( President during the end of the Depression and leader for America throughout the Second World War) and Congress. The cause of the tradegy was the Crash of the Stock Market (1929). Since too many people called loaners borrowed too much money, and the borrowers didn't pay back the loan, The bank didn't have the money to pay the people called depositors, who let people loan their money! When people heard the news of the Stock Market Crash, the depositors rushed to their bank to retreive what was left of their money. It was madness!