Although President Herbert Hoover was in office when the Great Depression struck, he wanted all to know that he was not the one to blame for the catastrophe. In this 1952 article the former president went into great detail explaining why he was innocent of the charge and he named the assorted factors that triggered the economic downturn. Hoover long maintained that the Great Depression was a result the general instability of European markets – an instability that was set in place as a result of the 1914 – 1918 European war:
“Without the war, we would have no such depression.”
– the former president declared in an Indianapolis speech made during the month of June in 1931. Hoover’s reasoning is fully supported in this 2017 book by Charles Morris: A Rabble of Dead Money: The Great Crash and the Global Depression: 1929–1939
Yet, regardless of the various assorted missteps made by both Hoover and FDR, the United States remained an enormously wealthy nation…
Click here to read a 1948 book review that defended the Hoover presidency and his response to the Great Depression.
Click here to read an article about Hoover’s 1933 farewell address to the nation.
Click here to read about President Hoover and the Bonus Army…
President Hoover rants on about FDR in this 1952 magazine article…
Click here to read about the end of the Great Depression…
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