The Great Depression

Dorcas Frimpomaa.

Gist of The Great Depression

*The Great Drpression was about the crisis and the hardships

in the economy after world war1, and also involved alot of debt that it was hard for people to look for food and take care of each other.

Herbert Hoover

Herbert Hoover and the Great depression

The Great Depression became even worse. However, calls grew for increased federal intervention and spending. But Hoover refused to involve the federal government in forcing fixed prices, controlling businesses, or manipulating the value of the currency, all of which he felt were steps towards socialism. He was inclined to give indirect aid to banks or local public works projects, but he refused to use federal money for direct aid to citizens, believing the dole would weaken public morale. Instead, he focused on volunteerism to raise money.

Event List

World war! (1914-18)

Herbert Hover elected as president (1929)

Depression in social security (1938)