Paper Summary:

This paper analyzes the factors contributing to the economic collapse of 1929, during which President Herbert Hoover proved to be an ineffective leader. The paper describes Black Tuesday and discusses the great disparity between the rich and the poor.

From the Paper:

"Leadership in Adversity: Herbert Hoover and the Great Depression. As they say, "Money makes the world go round." It is interesting that American presidents have presided over national crises, domestic terrorism and even world war and enjoyed unprecedented popularity in the process but when the economy turns, adversity reigns. History argues that it is nearly impossible for a president to remain in the White House when an economic crisis occurs on his watch."

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