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He said that Americans can simply push through on their own. -Skye Ortiz

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The banks gave out risky loans, which people never paid back

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Banks gave out more money then they had and were just hoping that it would get prayed back. -Tabby Fleet

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Banks gave out more money then they had and were just hoping that it would get prayed back. -Tabby Fleet

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They bought things with credit and were unable to pay it back, which led into debt. 

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They bought things with credit and were unable to pay it back, which led into debt. 

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Karen Chen

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His answer was to not do anything because he believed Americans would be able to fix it themselves and that they didn’t want the help of the government.
-Harmony Mastran

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-Davine Grant

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People were buying on credit

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FDR promised a New Deal to the Americans that the government would help. -De'Moni Dobson

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Hoover believed that "handouts" would weaken Americans' strength.- Pa Lor

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Hoover believed that "handouts" would weaken Americans' strength.- Pa Lor

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Farmers overproduced due to how much they were producing for Europe during WWII. Since they weren't getting what they put in, they had to take out several loans.

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Cause
The American public grew frustrated with the lack of government aid that Herbert Hoover was offering to them and called for somebody who would give them the help that they so desperately needed.
Effect
FDR used “The New Deal” (the promise that he would enact government aid during the depression) to ensure his win in the 1932 election. This fully went against Hoover’s ideology and the 1920s way of business.

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giving out risky loans

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it was up to the Americans to pull themselves back up
-Tavanh

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People were buying on credits

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Banks would give out loans to people who could not pay them back, so they ran out of money they were supposed to keep and ruined the efficiency and purpose of the banks.

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FDR promised the americans a "New Deal" which is basically the government helping the people

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Many were left bankrupt

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people were taking out risky loans that they couldn't pay back.

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Farmer where over farming the fields which lead to the ground being no longer good for planting.- Savannah

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Farmer where over farming the fields which lead to the ground being no longer good for planting.- Savannah

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-Alaya D

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They had to keep taking out loans

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Americans will climb from the depression on their own.

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Cause
The success of the 1920s era laissez-faire government in which the government remained out of business affairs and allowed businesses to control themselves.
Effect
Herbert Hoover’s response to the Great Depression was that the economy would eventually get back to normal and that it would be up to the American people to climb from the depression on their own with no government aid. He believed that no American would want the government’s help and that they would want to do it for themselves. He also believed that “handouts” would weaken the strength of America.

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Farmers were overproducing foods because of helping Europe so when they no longer needed the help, America had too much produce which ultimately lessened the worth of the products.

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Some Americans lived in Hooverville's which were homes made of scraps.

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By 1933 an Average rate of 24.9% of the US was Unemployed
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They were handing out risky loans.

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lazefair