All great times must come to an end eventually. When buying stocks on a margin, speculation, buying credit, and the overproduction of crops started affecting the economy, the Great Depression began. While all of these impacted the start of the Great Depression, nothing stood out more than Black Tuesday, the day the stock market crashed. As people started to panic with the tragedy that began to unfold, the American citizens looked to President Hoover for security. When no help came from the White House, the homeless called their towns Hoovervilles, in honor of their dislike of the president. In 1932, Hoover ran for re-election against Franklin D. Roosevelt (FDR). Judging by the distain pouring from the American citizens, it was no wonder that Hoover lost. As soon as FDR took power, America began to see their nation change for the better with the New Deal. The New Deal was a plan of relief, recovery, and reform to get out of the depression; however, the Supreme Court Justices believed that this legislation heightened the federal
All great times must come to an end eventually. When buying stocks on a margin, speculation, buying credit, and the overproduction of crops started affecting the economy, the Great Depression began. While all of these impacted the start of the Great Depression, nothing stood out more than Black Tuesday, the day the stock market crashed. As people started to panic with the tragedy that began to unfold, the American citizens looked to President Hoover for security. When no help came from the White House, the homeless called their towns Hoovervilles, in honor of their dislike of the president. In 1932, Hoover ran for re-election against Franklin D. Roosevelt (FDR). Judging by the distain pouring from the American citizens, it was no wonder that Hoover lost. As soon as FDR took power, America began to see their nation change for the better with the New Deal. The New Deal was a plan of relief, recovery, and reform to get out of the depression; however, the Supreme Court Justices believed that this legislation heightened the federal