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Essay / Did Hoover cause the Great Depression or was it just a coincidence
Table of ContentsHoover's role in the start of the Great DepressionConclusionReferencesHerbert Clark Hoover lived from August 10, 1874 in West Branch, Iowa until October 20, 1964 in New York. York. Herbert was the second of three children in a family of Quakers who valued honesty, industriousness and simplicity. His father, Jesse Clark Hoover (1846-1880), worked as a blacksmith and farm implement dealer. His mother, Hulda Minthorn Hoover (1848-84), was a teacher and an extremely devout woman who eventually adopted Quakerism. Herbert Hoover, the 31st President of the United States, is often associated with the Great Depression, but it is inaccurate to say that he caused the economic downturn. The main question remains: "Did Hoover cause the Great Depression?" ". The simple answer is: no, he didn't. The Great Depression was a complex and multifaceted event resulting from a combination of various factors, both domestic and international. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Young Hoover had an ideal childhood until he reached the age of six when his father died of heart disease and his mother died of pneumonia three years later . The orphaned Hoover was raised by an uncle who lived in Oregon. Herbert grew up with John and Laura Minthorn, his maternal uncle and aunt. Aside from his parents' character and religiosity, his early childhood trauma had a significant impact on him, making him a self-sufficient, hard-working and hard-working person. His moral concern for the needy, the abandoned and the oppressed which would characterize him for the rest of his life. David Copperfield was his favorite book. Hoover was shy, sensitive and introverted when he was young. Additionally, he is somewhat suspicious, due to the loss of his parents. He joined Friends Pacific Academy in Newberg, Oregon. He achieved average to unsatisfactory grades in all subjects except mathematics. Determined nonetheless to attend the new Stanford University in Palo Alto, California, Hoover studied hard and narrowly passed the college entrance exam. He majored in geology in addition to being class treasurer and managing school baseball. Hoover worked as a clerk while he was in college in order to pay his tuition. He had acquired entrepreneurial skills early on by starting a laundry service. He became a mining engineer after graduating from college. He demonstrated exceptional business ethics, and very shortly after leaving Stanford, he had a personal wealth of 4 million. Hoover's Role in the Start of the Great Depression Hoover took office in March 1929, just months before the stock market crash that marked the start of the Great Depression. Great Depression. Although he implemented certain policies and measures to deal with the economic crisis, the severity and duration of the depression were influenced by a series of structural economic problems and events that were beyond the control of a single individual. Some of the underlying causes of the Great Depression included speculative speculation. stock market excesses, overproduction and unequal distribution of wealth, agricultural struggles, high tariffs, bank panics and the global economic downturn. These factors created a fragile economic environment that ultimately led to the collapse of financial markets and widespread economic distress. Although Hoover's approach to dealing with the Great Depression was.