The United States was Economically Prosperous during the time Herbert Hoover became President.
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<u>31st President of the United States was Herbert Hoover and he served as President between 1929-1933. He got a one-sided victory against Democrat candidate, Al Smith. He was the third straight republican President and upon coming to power, He retained many of the policies related to administration and personnel which included Secretary of Treasury Andrew Mellon.</u> He always supported the policies where every organization was in support of each other for the economic prosperity of the country but he was never in favor of the government's direct role in making policies that were related to the economy.
When he came to office as a President, the economy of the United States was booming but farm crisis was going on and to address those crises, Hoover approved of the agricultural marketing act of 1926 and also increased federal enforcement of prohibition. <u>The crash of wall street in the year 1929 brought a decline in the Economy of United States President Hoover tried to tackle the issue of the Great Depression (which came after the crash of wall street) by reassuring the confidence of people and working with Business leaders as well as local government</u>.
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Answer details:
Grade – High School
Subject – History
Chapter – Herbert Hoover
Keywords –Herbert Hoover, Economy Crisis, Local Government, Economy, Al Smith, Presidential Elections, Agricultural marketing act, Business, Wall Street, Great Depression.
