1. The Great Depression
... not only spread over the United States but in the early 1930s became worldwide. In the United States, despite the optimistic statements of President Herbert Hoover and his secretary of the treasury, Andrew W. Mellon, that business was sound and that a new era of prosperity was just about to begin but by 1932 hundreds of banks had ... of the amendment. In regard to the depression, they warned against the danger to business and the national finances if the social and economic philosophies of the Democrats were substituted for the sound and conservative ideas of the Hoover administration....
- Word Count: 1986
- Approx Pages: 8
- Has Bibliography
- Grade Level: High School