Answer:
TRUE
Explanation:
A great stock market crash started in September of 1929, known as The Wall Street Crash, in which the share prices on the New York Stock Exchange collapsed. This economic issue happened during the time the 31st president of the United States, Herbert Clark Hoover was in power.
The policies made by previous administrations were said to be responsible for the great depression witnessed in the country but the sitting president was blamed greatly for the issue. President Hoover did not recognize how bad the issue has gone and was unable to use his presidential powers to arrest the situation from worsening.
