The article, “The Causes of the Great Crash” by John Kenneth Galbraith displayed a thesis of, “The Great Depression occurred under poor leadership as Harding, Coolidge, and Hoover did not take preventive action to get the U.S. out of a major economic crisis.” The article states numerous reasons on how poor leadership caused a financial panic in the late 1920s. Initially, Galbraith states, “Harding had a vague perception of the economic processes over which he presided.” After a multitude of scandals, the American public criticized Harding as a scandalous and corrupt president because he kept getting in trouble with the economy, notably the Teapot Dome scandal. Additionally, Galbraith states that Coolidge was not effective because “He did not
