Part 1 of Essay
There has only been one depression in the history of the United States of America. There were a few other instances throughout the nineteenth century, which lasted in periods of 20 years, known as recessions, none were anyway as severe as the one suffered in the 1930s which was known as a depression. President Herbert Hoov ....

Part 2 of Essay
.... for solving this crisis was greatly on the President. He, who had saved European countries from starvation during the Great War of 1913 through 1918, proved that he could not fix this new crisis. In fact, from 1929 through 1932, the economy went from bad to worse. Unemployment approached 20 percent. Black Unemployment hit 50 percent. Private construction investment went from $6.6 billion in 1929 to $1.3 billion in 1932. Overall manufacturing was 54 percent of what was in 1929. Automobiles were created ....