When did the great depression begin

Reference no: EM131303281

In June 1930, a delegation of businessmen appeared at the White House to urge President Herbert Hoover to propose an economic stimulus package. Hoover told them: "Gentlemen, you have come sixty days too late. The depression is over." When did the Great Depression begin?

Why might Hoover have reasonably expected that it would have ended by June 1930? Why did the Depression continue longer than that?

Reference no: EM131303281

Questions Cloud

What is the debt deflation process : Why is the Great Depression of the 1930s considered to be the worst economic downturn in U.S. history?- What role did the bank panics of the early 1930s play in explaining the severity of the Great Depression?

What influenced your reaction to the situation : When have you encountered a situation that challenged your ethical principles? What influenced your reaction to the situation and would you handle it differently if the situation occurred again today? If you can, include a brief synopsis of the s..

To what degree do you find collaboration important : How do you feel about these companies working harder to incorporate sustainability To what degree do you find collaboration important? Should the little guys who have been doing this all along help the big guys who might try to buy them out?

Write a policy statement that addresses the security measure : Write a policy statement that addresses this specific security measure for the organization. State why it is needed, its purpose, scope (who/what does it apply to) and details of the new policy.

When did the great depression begin : Why might Hoover have reasonably expected that it would have ended by June 1930? Why did the Depression continue longer than that?

What are nonbank forms of credit : What are "nonbank forms of credit"? Why would bank lending being "information sensitive" make it difficult to replace with nonbank forms of credit?

Calculate the after tax cash flows for the project : The firm has decided on a capital structure consisting of 30% debt and 70% new common stock. Calculate the WACC and explain how it is used in the capital budgeting process. Calculate the after tax cash flows for the project for each year. Explain t..

How would you handle the following three situations : How would you handle the following three situations? What would you do in each?Your client expresses emotional or physical attraction to you and you have similar feelings for your client.You have feelings of attraction to your client, but you do not ..

Analyze a particular question of current public interest : Basic Description: In the final Critical Thinking assignment to be completed for this course, you will undertake to analyze (and perhaps answer) a particular question of both personal and current public interest.

User Account

All Pages