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stiks02 [169]
3 years ago
10

16. Who was President when the Great Depression started?

History
2 answers:
Inessa [10]3 years ago
8 0

Answer: Herbert Hoover was president when the Great Depression began.

Explanation: The Great Depression started in 1929, when Herbert Hoover was in office; thus, it began while he was president. Though Franklin Delano Roosevelt was the President of the United States for the majority of the Great Depression, he was not sworn into office until 1933.

Thepotemich [5.8K]3 years ago
4 0

Answer:

Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves.

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Answer:

Great depression was the severest downturn of the economy .It lasted for more than 10 years .There was fall in the economy as a whole.There was fall in industrial production,prices,unemployment ,rise in poverty and fall in the performance of banks.

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Causes of Great Depression:

  1. <u>Stock market crash of 1929</u>:it was one of the major causes that lead to great depression
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  3. <u>Reduction in purchasing</u>:With the crash in the stock market people got scared and their purchasing power reduced a lot.
  4. <u>Reduction in production</u> :Less purchasing power of people had a great impact on production.
  5. <u>American economic policies</u> with Europe:In order to protect American companies ,new policies were introduced a high tax was charged on imports which reduces trade with other countries.
  6. <u>Drought</u>:In 1930 drought occurred in Mississippi.Due to which people were not able to pay the taxes and they had to sell their farms.
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