The rich were getting richer and the poor were struggling no to non be poorer. Useful industries were in need for business. Farmers needed much profit but couldnt get it. This is when everyone started to risk their luck with the line of business market and their money, but when no one noticed whole of a sudden the stock market crashed in October of 1929 and whole the scoring prospects of the 1920s were forgot.
All the consumers had less money to spend. Farmers incomes fell, rural families could not buy the products of the American industry to support the US. Prices were increasing, thither where to near(prenominal) unbalanced distributions of income. There was more production that wages, and a capacious gap was between the rich and the poor.
Before any of this even happened there were presidential elections. The two candidates running were as Republican Herbert make clean and as Democrat Alfred E. Smith. Both men came from poor families and had worked inviolable to be successful.
The Stock Market crash signaled the beginning of the coarse depression, it was during the years of 1929 till 1924. More then millions of people crossways the nation were out of business.
Herbert Hoover became the President of the United States and however a year after his election he was challenged with how to circle with the sudden stock market crash in October in 1929. Hoover believed that the economy should be allowed to function with minimal intervention. He believed that the government would be able to help to solve some economic problems. One of Hoovers ideas was to build roads, a damn in Nevada. This opportunity would give jobs to a lot of citizens. Congress did okay this costly project, which was worth $800 million. He created the Federal Farm board, which is to...
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