When Herbert Hoover was inaugurated as the 31st President of the United States in 1929, America was enjoying great prosperity. However, by the end of the year, the country was headed toward the Great Depression due to the stock market crash and economic disaster. While the collapse of the stock market may have instigated an economic crisis, it was not entirely responsible for the Great Depression.Chillingworththroughout the nation was the result of combination factors that grew in the underlying cause of the crash. Wages had increased little compared to large increases in productivity and industry profits. All Americans did not share economic prosperity. Another underlying cause of the crash was the weak farm economy. The wealth of the 1920’s never reached farmers. Many farmers struggled with overproduction, high debt, and low prices. Severe weather and a long drought also caused problems for the agriculture industry. A third cause of the crash was global economic problems that affected manufacturing and trade. The fourth underlying cause was the overproduction of consumer goods. Business growth, along with increased productivity and use of credit, had produced large amounts of goods that workers with low wages could not continue to purchase. The excessive use of credit led to increased installment buying that workers could not continue to afford.
President Hoover fought the Great Depression, but the American economy was in a horrible state by the end of his term. In 1932, Franklin D. Roosevelt was elected president as he promised a brighter future for America. President Roosevelt introduced the New Deal in order to save the economy of the United States. The New Deal included financial recovery programs, programs for relief for the unemployed, industrial recovery programs, and form production control programs. By 1935, “FDR addressed the plight of the poor, including sharecroppers and migrants; pursed business regulation and higher taxes for the wealthy; and championed such fundamental reforms as social security, centerpiece of welfare state, and the Wagner Act, guaranteeing workers’ right to unionize.” Even though the New Deal was not perfect, the immediate achievements were respectable.
Through 1940 and 1941, the relationship between the United States and Japan was becoming strained as a result of Japan’s invasion on China and its desire to extend its conquests to Southeast Asia. Japan also wanted to expand into the Dutch East Indies, British Burma, and French Indochina, which were territories that were controlled by European nations. President Roosevelt...