Part one of term paper
The main cause of the Great Depression was a lack of understanding of economic systems. The Great Depression began in 1929, during Republican President Hoover’s watch. Many try to blame the worsening of the Depression on Hoover, for his deviation from Republican economic ideology. However, almost all of Hoover's government action occurred ...

Part two of term paper
... with most growth (construction and automobile manufacturing) showing signs in the year before the stock market crash, about 600 banks a year were failing around the country, and half the American people were living at or below the minimum subsistence level. By the time the stock market crashed, the ruin of the American economic system was revealed. There were many things which contributed to the economic deterioration leading to the depression; lingering effects of WWI caused the government ...