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The US Hoover And The Great Depression

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The Great Depression The great depression was an era of devastation; many people were unemployed in search of jobs mainly in California. The stock market crash of 1929 was not the cause of the great depression, however it was the beginning of it. After the stock market crashed, people began losing their jobs. Credit was a big mistake from the banks, they loaned people money while going broke and using the money others saved. While people were going crazy trying to get their money out of their savings, the bank kept trying to loan from others causing it to crash and burn, closing many banks across the U.S. Hoover, didn’t try as much as he should during his presidency, however he managed to create a cushion for the U.S’ economy. He put tariffs

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