The Wall Street Crash (1929)
The stock market collapsed in October, seven months after his inauguration
US Presidents · 20th century
1874–1964 · American
Republican
In office: 1929–1933
Herbert Hoover, an Iowa-born Quaker and wealthy mining engineer, won international fame organising food relief in Belgium during the First World War and served as Secretary of Commerce before becoming the 31st president. The Wall Street Crash struck months into his term, and his response to the Great Depression was widely judged inadequate: shanty towns were mocked as "Hoovervilles". He lost heavily to Franklin D. Roosevelt in 1932 but lived another three decades in public service.
The Wall Street Crash (1929)
The stock market collapsed in October, seven months after his inauguration
The Smoot–Hawley Tariff Act (1930)
Sharply raised import duties, provoking retaliation abroad
'Hoovervilles' (1930s)
Shanty towns of homeless people, named mockingly after him
Dispersal of the Bonus Army (1932)
Troops under Douglas MacArthur drove First World War veterans out of their Washington camp
The Reconstruction Finance Corporation (1932)
Federal agency lending to banks, railways and businesses
'The Star-Spangled Banner' becomes the national anthem (1931)
He signed the act making it official