Herbert Hoover was inaugurated President of the United States in 1929, the same year of the great stock market crash that served as the catalyst for the coming Great Depression. Although Hoover won election largely because “Coolidge Prosperity” defined a prosperous economy, the causes of catastrophic economic failure were not readily apparent or were ignored. The growing wave of bank failures as well as other key financial institutions resulted in widespread loss of confidence and set into motion unprecedented unemployment figures. Yet the overall causes of the Great Depression predated the fateful events of late 1929 The Coolidge Years and
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