What is a key reason that scholars and economists want to identify causes of the Great Depression ?
Regarding the policies of President Hoover , economists like Barry Eichengreen and J. Bradford DeLong point out that the Hoover administration ’s fiscal policy was guided by liquidationist economists and policy makers , as Hoover tried to keep the federal budget balanced until 1932 , when Hoover lost confidence in his Secretary of the Treasury Andrew Mellon and replaced him .