Why Did President Hoover Downplay The Effects Of The Crash?

Why Did President Hoover Downplay The Effects Of The Crash? that sales were lagging and investors were pulling out of the stock market. President Hoover downplayed the effects of the crash because he believed what? the economy would soon recover. … because if the stock price dropped, brokers could force investors to repay their loans.

Who Was President In 1929 When The Stock Market Crashed?

Who Was President In 1929 When The Stock Market Crashed? When Herbert Hoover became President in 1929, the stock market was climbing to unprecedented levels, and some investors were taking advantage of low interest rates to buy stocks on credit, pushing prices even higher. Who is to blame for the Great Depression? As the Depression