The 'bust' had to come, but the problem was the solution, instead of letting the Market correct itself, Hoover and then FDR got the government involved.
Whatever happened in the 1920s, the decisions of the Fed after the stock market crash of 1929 caused the Great Depression. Shrinking the money supply, then allowing the runs on banks and the bank failures created a banking and money supply crisis. Some older ancestors of mine described it as "nobody had any money". A schoolteacher ancestor was paid in script rather than dollars, script that merchants would then discount when used for purchases.
Near the bottom of the article linked in #13, this explanation is provided under the paragraph entitled: "The Road Not Taken".
Hoover was a freaking disaster. We had two great economic miracle workers in Harding and Coolidge, but the big government arm of the GOP reared its ugly head.