At first President Poover tried to organize national optimism by summoning business execs to DC to declare that conditions were sound and that there would not be wage cutting. When that did not work (stop the depression), he became inactive for a while, trusting to the idea that it all would self-correct. When that did not work, he organized an international moratorium in war debts and reparations. This actually did help stem the slide further into depression, but only briefly. Then he set up the Reconstruction Finance Corp. to bring federal aid to hard pressed banks and businesses. Just as it seemed that this might work and that recovery was at hand, in the winter of 1932-33 the banking system in America went into a tailspin. On March 4, 1933, the American banking system ground to a complete halt. Hoover was an able and intelligent president who attempted orthodox economic ideas, but became a victim to the collapse of the system.
President Herbert C. Hoover served from 1929 to 1933.
Herbert Hoover was the president when the great crash hit Wall Street in 1929.
Herbert Hoover was the 31st President of the United States. He was president at the time of the Stock Market Crash of 1929 and was the scapegoat for the depression, leading to his defeat in the 1932 election. Here is the government's website on Herbert Hoover: http://www.whitehouse.gov/history/presidents/hh31.html
Herbert Hoover had been President for 8 months when the 1929 Stock Market crash started the Great Depression.
Hoover approved "The Star-Spangled Banner" as the national anthem. (1931)The stock market crash (1929) that began the Great Depression.World War 1 started in August 1914
The answer is Herbert hoover
President Herbert C. Hoover served from 1929 to 1933.
Leadership
= Herbert Hoover = The crash occured eight months into his term of office.
Herbert Hoover was president of the United States during the stock market crash of 1929.
The stock market crash (1929) that began the Great Depression.
Herbert Hoover was the president when the stock market crash of October 24,1929 occurred.
Herbert Hoover was president during the 1929 stock market crash. He succeeded Calvin Coolidge in March of that year.
Herbert Hoover was President of the United States when the Stock Market Crashed in 1929.
Hoover was president during the great crash of October, 1929.
The worst stock market crash occurred 1929-1932 when Herbert Hoover was President.Next worst was March 1937-March 1938 under Franklin Roosevelt.The Panic of 1907 was under Theodore RooseveltCrash of 1919-1921 was under Wilson and HardingCrash of 1901 to 1903 was under Theodore RooseveltCrash of 1973-1974 was under Gerald Ford.Crash of 1939-1942 was under Franklin RooseveltCrash of 1916-1917 was under Woodrow WilsonCrash of 2000-2002 was under George W. Bush.
Herbert Hoover was the president when the great crash hit Wall Street in 1929.