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People who lost their homes often lived in what were called Hoovervilles or shanty towns that were named after President Herbert Hoover There was also Hoover Stew food dished out in soup kitchens Hoover Blankets newspapers that served as blankets Hoover Hogs jack rabbits used as food and Hoover Wagons broken cars that were pulled by mules Britten Loretta and Sarah Brash 1 The Great Depression was when the GDP went down more than 10 percent and Herbert Hoover was President at the time Moffatt 1 And the Great Recession was less severe than the Great Depression and during this time the president was President Obama Despite the shockingly similar situations the presidents were thrown into their methods of solving the situation were entirely different President Hoover started a program to stimulate the economy while president Obama is trying to do something but knows that hell get nothing in return Hoover and the Depression1The economic conditions of the Great Depression were good September 3 1929 stock prices went high and began to go down slowly Then Black Tuesday October 29 1929 came around and thats when the stock market crashed and investors began to panic Black Tuesday 1 The Great Depression 1 Also during this time all banks closed because the market crashed and they wanted to withdraw all of their money but there wasnt enough in the banks so they closed them instead Roosevelt the New Deal 1 The economic conditions of the Great Recession werent as good as it was before the Great Depression Now during the Great Recession the price on mostly everything is high and the stock market at one point went up Cooper 1 And the banks didnt have to close because we have we have the Securities Act 1939 Roosevelt the New Deal 1The governments response to the economic conditions of the Great Depression was that they really didnt care of what was going on during the time
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