Hoover’s thoughts on why the Great Depression occurred

We found this gem of a primary source document while researching for our World History WWII PowerPoint. We wanted to see what was being said by major US leaders about the stock market crash, Great Depression and its effect on the coming war.

Hoover wrote this letter as a sort of insurance plan in case the incoming president was less than truthful about the causes of the depression. He wanted the letter kept secret so that it would not exacerbate an already tenuous situation. This firsthand account provides insights into what he believed happened and was happening in 1933.

Hoover delineates five periods and explains the conditions that led to the collapse of the US economy. He also gives specific recommendations to solve it.

We have included some questions and answers, please feel free to use them if you’d like.