President Herbert Hoover

Definition

President Herbert Hoover was the 31st President of the United States, serving from 1929 to 1933. He is often associated with his initial response to the Great Depression, which was characterized by a belief in limited government intervention and a reliance on voluntary efforts from businesses and individuals.

Related terms

Stock Market Crash of 1929: This term refers to the sudden and severe decline in stock prices that occurred in October 1929, signaling the start of the Great Depression.

New Deal: This term refers to a series of programs implemented by President Franklin D. Roosevelt to combat the effects of the Great Depression and stimulate economic recovery.

Smoot-Hawley Tariff Act: This term refers to a protectionist trade policy enacted in 1930 under President Hoover, which raised tariffs on imported goods with the aim of protecting American industries but ultimately worsened the depression by reducing international trade.