Meanwhile, IIRC, wasn't J. Edgar Hoover president when the stock market crashed in '29? Or was that FDR?
You make mistakes like this when history is not memorable. The authors of 1066 And All That well understood this principle:
During the Wars of the Roses the Kings became less and less memorable (sometimes even getting in the wrong order) until at last one of them was nothing but some little princes smothered in the Tower, and another, finding that his name was Clarence, had himself drowned in a spot of Malmsey wine; while the last of all even attempted to give his Kingdom to a horse. It was therefore decided, since the Stuarts were not ready yet, to have some Welsh Kings called Tudors ... who, it was hoped, would be more memorable.Now, that's memorable history.