The economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s. Republican Herbert Hoover ran against democrat Alfred E Smith in 1928 and won. The Dow reached a high in 1929 of 321 points which was 300 points higher than 1924. On october 24, the market took a plunge, the worst yet. By mid-november, investors had lost about 30 Billion USD. Causes - Tariffs, and war debt policies, farm sector crisis, low demand high supply.

The great depression resulted in homelessness and hunger to millions, before long whole hoovervilles sprung up. After the stock market cash, Hoover tried to reassure americans to gain confidence and trust however, due to his action being taken too late, many were effective. Furthermore, he created the Federal Farm board and the NAtional Credit Organisation for smalled banks. His federal home loan bank an reconstruction finance corp were two measures enacted to protect homes and businesses

Extra:

Cause:

The Great Depression was caused by a combination of factors, including tariffs, war debt policies, a crisis in the farm sector, and low demand for goods. These factors led to a stock market crash in 1929 and a subsequent economic crisis that lasted throughout the 1930s. The depression resulted in widespread homelessness and hunger, and President Hoover's attempts to reassure Americans were largely unsuccessful due to being taken too late.

Impact:

The Great Depression had a profound impact on the United States and the rest of the world. It resulted in widespread unemployment, poverty, and economic hardship. Millions of people lost their jobs and homes, and many were forced to migrate to other parts of the country in search of work. The depression also had long-lasting effects on the economy, society, and politics of the United States, and it played a major role in shaping the policies and programs of the New Deal era. The Great Depression is widely regarded as one of the most significant economic crises in modern history.

Research Question:

Analyze how the Great Depression influenced modern economic policies and practices