First of all it is easy to say that no one expected The Depression. Economist and world leaders for the most part actually anticipated prosperity. In America the roaring twenties were still fresh on the mind of the citizens and in his campaign speech Hoover " stressed the good times, which, he assured the voters, would continue if he was handling the reigns of government."(168) His opponent Coolidge did the same, but in the end it was the elected Hoover, who when the Depression started was frowned upon for making false promises. Other leaders who also had an optimistic outlook included German chancellor Hermann Mulle

By 1937 many people thought that the Depression was over. With the new deal in effect and everything being done to improve the economy there was a lot of optimism, although there was still a high number of unemployment. Roosevelt now said that their was a need to cut and balance the federal government, bringing the " 1937 deficit down to a mere $358 million, as compared with a deficit of 3.6 billion in 1936." (175) This help push America into a steady recession. Soon after England, Italy, Sweden and the United States raised prices. This brought up the thoughts of inflation, but this was not the case. England however who was afraid of a recurring slump issued a tax increase, and stopped public works. The United States was warned that also of the possibility of a slump and therefore Roosevelt asked congress for a budget-busting increase in federal spending. However it took the outbreak of World War II in 1939 to truly end the Depression.

In conclusion it can be seen that the blame for the Depression is not easily placed. It can also be said that none of the ideas first brought up to end the Depression were effective, some even counterproductive. It is best to say that the only way the Depression was ended was to let it run its course. Today economist know a lot more then they did in the time of the Depression, but there is still no way to predict if something, less severe but still similar, could happen to the world a second time.

After countries started to plunge into the Depression they had to find someone or something to blame it on. Hoover said that " The Depression was not started in the United States... the prime cause was the world war."(168) He also blamed the Federal Reserve Bank, and the shaky stock market. He blamed Coolidge whom when in office said that stocks were cheap at the current prices. In England MacDonald blamed capitalism. In Germany the main cause of the Depression was believed to political in origin. They believed the conditions of the

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