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RE: LeoThread 2025-06-05 17:50

in LeoFinance4 months ago

Part 5/9:

Additionally, following the war, Hoover’s administrative career flourished as Secretary of Commerce, where he was instrumental in modernizing the department and advocating for federal involvement in industry standards. His pragmatic approach and success in navigating the complexities of the economy during the 1920s further strengthened his reputation as an efficient, effective leader.

The Rapid Decline

Despite Hoover's impressive credentials, a chasm opened between his initial successes and the rapid decline into crisis following the stock market crash of 1929. The contrast was stark; Hoover was seen as a beacon of hope just years prior, adored for his ability to lead, yet soon found himself grappling with accusations of inactivity during a national meltdown.