... originated from banks and lowered the liquidity of non-financial and other corporations that financed brokers and dealers. Lastly, many public officials commented that the stock price was too high. Herbert Hoover publicly stated that stocks were overvalued and that speculation hurt the economy. Hoover's statement suggested to the public the lengths he was willing to go to control the stock ... ...

• Word Count: 1262
• Approx Pages: 5
• Grade Level: High School

... other corporations that financed brokers and dealers.(Coben 211) Public statements made by officials may have been a part of the crash of 1929. Newly elected president of the United States, Herbert Hoover, publicly stated that the stocks were overvalued and that speculation hurt the economy. To some stock holders this statement might make them weary of the Stock exchange, but to ... ...

• Word Count: 1726
• Approx Pages: 7
• Grade Level: High School