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Essay's paper info
Topic: History
Number of pages / Number of words: 4 / 898
Essay's paper body

Twelve million people were

unemployed (nearly 25 percent of the workforce), and the real earnings for those still lucky

enough to have jobs fell by a third. This statistical evidence effectively illustrates the increase in

poverty caused by the Great Depression.

An additional result of the Great Depression was that President Hoover balanced his

belief of "rugged individualism" with the economic necessities of the time by proposing direct

action by the government...


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Hoover had only been in office for eight months when the stock

market crashed. At first, he treated this financial disaster and decline in employment and

business that followed the Great Depression as a panic. According to The American Pageant "He

was accused of saying, yet did not use these precise words, that prosperity was just around the

corner"...


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