How Did Roosevelt And Hoover Affect The Economy

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The Great Depression affected millions of American financially. After the stock market crash in 1929 and particularly after the banking crisis of late 1930, many Americans lost their jobs and were living in poverty. Herbert Hoover was the president of the United States at the beginning of this Great Depression. During the beginning of Hoover’s presidency most Americans supported a laissez-faire system as did Hoover . In a laissez-faire system the market dictates the economic prosperity of the country. By contrast, Franklin D. Roosevelt , Hoover’s successor as president governed the U.S. by a different belief system. During Roosevelt’s presidency he led the federal government into playing a greater role in the economy. President Hoover’s

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