During the mid-to-late 1920s, the stock market in the United States underwent rapid expansion. It continued for the first six months following President Herbert Hoover’s inauguration in January 1929. The expansion reached its peak in August 1929, after a period of wild speculation. The prices of stocks soared to fantastic heights in the great “Hoover bull market”. People sold their Liberty Bonds and mortgaged their homes to pour their money (and life savings) into the stock market.

In his first 120 days in office, Hoover held more regular meetings with press than any other President in the history of the USA. Later he had to revise his press policies and reduce his availability for reporters.

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