The Great Depression The great Depression existed not only in the U.S., but all around the world. Despite the optimistic statements of President Hoover and his secretary of the treasury, Andrew W. Mellon. Many factories closed, unemployment steadily increased, banks failed in growing numbers, and the prices of commodities steadily fell. The administration began to take steps to combat the crisis. Among the measures taken were granting of emergency appropriations for farm relief and …
showed first 75 words of 276 total

showed last 75 words of 276 total
…to bring about recovery from the Depression. The Republicans did not call for outright repeal and, in regard to the Depression, 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. The Democrats won an overwhelming success in the election, carrying all but six states. And after that, the Great Depression gradually got better.