In the early 1930s, the bottom was falling out until there was nowhere left for Republican President Herbert Hoover to stand. The stock market plunge of 1929 set in motion a loss of business confidence that led to the Great Depression. Hoover, an engineer by training and the former secretary of commerce, did take steps to restore confidence, but they were not enough. Absent massive intervention — or even with it — Donald Trump risks a repeat in 2020. Usually, the lines of unemployed men disappeared when the weather warmed up and men could get work.

Source: Washington Post March 23, 2020 10:18 UTC