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tangare [24]
3 years ago
8

................... .............. .......

History
1 answer:
aleksklad [387]3 years ago
7 0
Yes, that is correct
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On taking office, Hoover said that "given the chance to go forward with the policies of the last eight years, we shall soon with the help of God, be in sight of the day when poverty will be banished from this nation." Many shared Hoover's optimism, and the already bullish stock market climbed even higher on Hoover's accession.

However, within months of taking office, the Stock Market Crashed of 1929 in an event known as “Black Tuesday”, and the worldwide economy began to spiral downward into the Great Depression, which was a severe worldwide economic collapse that took place during the 1930s, beginning in the United States.


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