Herbert Hoover: World food regulator
Economic recessions are as certain as death and taxes. They strike unexpectedly and their economic and political fallout is difficult to predict. Presidential candidates know this; incumbents take credit for the nation's health or deflect the blame when the nation's economy is ailing. George H.W. Bush fell out of grace when he failed to react quickly to a dawning recession. Bush was not the only president ousted by a recession. The Great Depression decapitated Herbert Clark Hoover's presidency with the finality of a guillotine. On Saturday morning, March 4, 1933, Hoover, eyes cast downward, a study in dejection, sat next to Franklin Delano Roosevelt in an open car, heading to FDR's inauguration. It was the worst and most humiliating moment of Hoover's life, casting a deep shadow on his otherwise illustrious career.