Outraged by such unfair treatment and the struggling economy the colonists protested against the crown. In early 1930s, Americans were also protesting against the Great Depression. The unemployment rate rose to 24 percent, the stock market crushed unexpectedly, the banks shutted down due to lack of money supply in reserve, and the economy just went into total chaos. The public blamed president Hoover for the struggling economy, and in his “honor” they named homeless resident area the “Hooversville”. With this great economy downturn the citizens called for change, thus the most progressive minded president candidate, Franklin Roosevelt, was elected in 1932. With Roosevelt as president America undergoes the most dramatic changes in the history, and all this was due to the World War Era’s economic
Outraged by such unfair treatment and the struggling economy the colonists protested against the crown. In early 1930s, Americans were also protesting against the Great Depression. The unemployment rate rose to 24 percent, the stock market crushed unexpectedly, the banks shutted down due to lack of money supply in reserve, and the economy just went into total chaos. The public blamed president Hoover for the struggling economy, and in his “honor” they named homeless resident area the “Hooversville”. With this great economy downturn the citizens called for change, thus the most progressive minded president candidate, Franklin Roosevelt, was elected in 1932. With Roosevelt as president America undergoes the most dramatic changes in the history, and all this was due to the World War Era’s economic