Describe how banking policy and the use of credit to buy things helped to turn the Stock Market Crash of 1929 into the Great Depression and explain how President’s Hoover and Roosevelt sought to deal...

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Title: The Great Depression of 1930 and the role of President’s Hoover and Roosevelt
Contents
Introduction    3
The Great Economic Collapse    3
Role of the President’s Roosevelt and Hoover    4
Conclusion    4
Works Cited    5
Introduction
Banking sector is one of the most volatile sectors where the activities in the stock and the business markets decide the manner in which the bank operates and the economic condition can also be judged through that. A similar kind of incident had taken place way back in 1929 where the banking policy and the use of credit to buy things had resulted into the huge crash in the stock market and thus leading to the great depression. In this article a detailed discussion will be done with respect to the crisis that had taken place and the roles of the President’s Hoover and Roosevelt in dealing with the great economic collapse in U.S. during 1930.
The Great Economic Collapse
The seed of the economic crash was laid a decade ago during 1920. Blanchard and Summers have discussed that during the period of 1920-1921, Federal Reserve had followed a brief post war recession and thus they had set the interest low which eases the reserve requirements on the nation’s one of the most largest bank. His had resulted into the flow of money to nearly 60...