He did nothing, thinking the economic crisis would mend itself with time.
Hoover was a laissez-faire Republican who believed the government should not interfere with the economy.
Hoover's approach to the Great Depression was to do nothing initially. He believed it was a normal part of the boom-bust economic cycle. As the Depression moved on, Hoover used a method of volunteerism. Volunteerism asked those with money to give to others and to invest their money back into the banks and job creation.
The underwater search for missing Malaysia Airlines flight MH370 has come to an end, with passengers’ families informed that the effort to find the plane has been suspended.
Next of kin were told in an emailed statement on Tuesday that Australian authorities’ underwater search of 120,000 sq km in the southern Indian ocean had concluded without success after more than two years.
The MH370 Tripartite Joint Communiqué was co-signed by the transport ministers of Malaysia, China and Australia, representing the three countries involved in the search. It was made public at 2pm Malaysia time.
1861 - Kentucky decides to side with Union in the Civil War after trying to remain neutral.
1875 - The first Kentucky Derby is held at Churchill Downs. 1904 to 1908 - The Black Patch Tobacco Wars take place in Kentucky.
1937 - The Ohio River floods causing extensive damage.
