Who was the U.S. President when the stock market crash of 1929 occurred?

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.

More Info: www.britannica.com

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35 Comments

Raymond Whitaker

He didn't solve the dust bowl somebody else did. All he did was ask the right person from the private sector what to do. He also didn't end the depression, WW2 did.

Kirk Yates

History some how blames Hoover, but these Stock Market practices are the same demons who pushed To Big To Fail and caused the last recession, which was not the Presidents fault. Finances are controlled by the legisaltive branch of government, not the executive branch. So often President is the ScapeGoat for failed financial polices.

catmom

Edward Sookikian, I love your moniker, I also love Star Trek too.

Edie Koller

My grandfather lost a lot of money in the stock market crash o 1929. Very Sad!

Marianne Frederick Halterman

Coolidge and Hoover were both Presidents in 1929.

Howard Groopman

Ed Taber, A very conservative friend of mine would agree with what you wrote. For future reference, the words you botched are "despicable" and "dilettante."

Howard Groopman

Peggy Brown, Hoobert Heever?

Howard Groopman

And now the get-rich-quick crowd is paying the price for overindulging in cryptocurrency.

anthonygriffin

My step-father used to always tell me about growing up during the "Great Depression" & having to mostly hunt for the main course meat items in the wild. Before the machinery came along to pick "cotton" out in the fields. He was a young kid out in the cotton fields with the adults, picking cotton by hand, in getting the work done. I remember him telling me about President Herbert Hoover's promise to every American of "putting a chicken in every pot & a car in every garage." The "Stock Market" crash of 1987, had nothing on the one back in 1929.

anthonygriffin

Neil Skinner, the name of the group was "The Fine Young Cannibals." The group was known for the chart hit "She Drive's Me Crazy" from back in the 1980's. The lead singer Roland Gift, was a pretty good actor as well.

Peggy Brown

Herbert Hoover

mkrash

Should have learned this one from school or all the old people who lived during that time but the younger generation is kind of skipping this part of history .