“In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression.”
Quote by Herbert Hoover
Work
The great depression, 1929-1941
This book provides an in-depth analysis of the causes, effects, and aftermath of the Great Depression, exploring its impact on the global economy and society. more
Author
Herbert Hoover
Herbert Hoover, the 31st President of the United States, was born on August 10, 1874, and died on October 20, 1964. A distinguished engineer, businessman, and philanthropist, he served as the United States Secretary of Commerce and as the Director of the United States Food Administration during World War I. As President, Hoover implemented a series of policies aimed at alleviating the Great Depression, but his approach was widely criticized. more
You May Also Like
Source: Our Endangered Values: America's Moral Crisis
Source: Living Faith
“The love of liberty is a common blood that flows in our American veins.”
Source: Public Papers of the Presidents of the United States: Jimmy Carter, 1980-1981
“We cannot resort to simplistic or extreme solutions which substitute myths for common sense.”
Source: Jimmy Carter
“In a nuclear age, each of us is threatened when peace is not secured everywhere.”
Source: Jimmy Carter
“To be true to ourselves, we must be true to others.”
Source: Inaugural Speeches from the Presidents of the United States - Complete Edition
Source: Public Papers of the Presidents of the United States: Jimmy Carter, 1980-1981