People bought stocks stocks on margin and people lost their savings due to their stocks decreasing
Hooverville
Hoover was pro lassiez faire never intervene with businesses as he believed in a livid goverment
Rugged Individualism
the people of America are strong and independent enough to fix this themselves.. all we need is some time.
many teen boys illegally rode trains routing the entire country just to look for work.Some took more than 5 years just to get employed and were arrested and got in jail if caught
New Deal
Relief,Recovery, and Reform are our main programs
Many homeless built shanty and bad condition houses just to live in and they werent good enough
Hoover believed that he and his government did not need to interfere with the citizens and believed that they can also solve this problem on their own.
FDR came up with a new deal proposal to help provide relief to americans, recover the economy and reform any laws that led to the Great Depression.