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Trump says "I don't want to be another Hoover," reaching an agreement to avoid an economic collapse
BlockBeats News, June 18 — On Wednesday, after the conclusion of the G7 summit held in France, U.S. President Donald Trump delivered a speech defending the agreement reached between the United States and Iran, and stated that he does not want to see the Middle East war continue, which could trigger an economic disaster. Trump said at the lakeside resort Evian-les-Bains in France: "The one thing I least want to see is an economic disaster. If this conflict continues, that situation could very well happen."
Trump stated that he does not want to become another Herbert Hoover. When the U.S. stock market crashed in October 1929, Hoover was serving as the President of the United States. This stock market disaster wiped out hundreds of billions of dollars in wealth and ultimately triggered the economic crisis later known as the "Great Depression." (Jin10)