Presidential Biographies | Hoover Administration - Hoover Becomes President

The Herbert Hoover Administration

Shortly after Herbert Hoover took office, the United States faced a crisis that would cast a shadow over his entire administration. When the stock market crashed on October 24, 1929, a downward economic slide was sparked that led to the Great Depression. Although Hoover attempted to infuse hope in the American public by touting the phrase, "Prosperity is just around the corner," economic conditions worsened. Federal recovery measures were undertaken to alleviate America's problems including the Reconstruction Finance Corporation and the Federal Farm Board, but by the end of Hoover's term, the American public felt that the administration had done "too little, too late" and were more than eager to embrace Franklin Roosevelt's "New Deal."

Hoover Becomes President