Blame the Government

When the bubble burst in 1929, Hoover did all he could to prop up prices in the name of stability and recovery.

All his efforts failed.

The economy continued to spiral downward. Hoover's legacy was sealed.

However, court historians and mainstream economists have been blaming Hoover's "inaction" for nearly eight decades instead of his big government policies that turned a much needed correction into a full-scale panic and massive depression.

Government interference in economic affairs has a history of failure. Witness the Great Depression and Herbert Hoover's efforts to thwart it.