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Reply #17: Actually Hoover, a civil engineer, was a good president. [View All]

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WVhill Donating Member (245 posts) Send PM | Profile | Ignore Sun Jun-27-04 11:46 AM
Response to Reply #12
17. Actually Hoover, a civil engineer, was a good president.
Unfortunately his name is synonymous with the Great Depression which even Greenspan agrees was caused by the Federal Reserve Board. To pin it down farther, the Great Depression can be tied to the heart attack that caused the death of the governor whose vote had prevented interest rate increases. After his death, the board voted to raise interest rates and we entered into a depression lasting until WW II forced the government to deficit spend.
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