U.S. President Herbert Hoover, whose term was notably marked by the stock market crash of 1929 and the beginnings of the Great Depression, was born on this day in 1874. | Biography

Hoover and the Great Depression A new history of the Great Depression is emerging. One that acknowledges the role that government played in causing it, and the constructive role that free enterprise could have played, if it were given the chance. Herbert Hoover turned what should have just been a recession into a depression due to his mistrust of the market. | PragerU