The Crash of 1929, the Great Depression and its Effect on the Presidency

Abstract: A 5 page paper discussing how the wrenching events of 1929 and the beginning of the Great Depression ultimately affected the power of the presidency. The full effect of the crash and depression were not yet evident during Hoover's administration but had become quite clear by the time FDR took office in 1932. Though FDR instituted many of the initiatives that had originated with Hoover, the desperation in which the economy found itself lent greater credence to presidential decree. Hoover was limited to existing channels; FDR was able to take direct control on the basis of national emergency. His embracing of that route made the option permanently available for all those who would follow. Bibliography lists 4 sources.

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Catagory:

Subcatagory: Economic History

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