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Compare And Contrast Hoover And Fdr

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During the Great Depression Herbert Hoover and Franklin Delano Roosevelt, used different strategies and ideas to try and get America out of the depression. But ultimately one President failed at doing so, and one President succeeded at doing so. Less than eight months into Herbert Hoover’s presidency, the stock market crashed on Thursday, October 24, 1929. Most experts, including Hoover, thought the crash was part of a passing recession, that would eventually rebound. By July 1931, since the crash, Hoover had worked ceaselessly trying to fix the economy. He founded government agencies, encouraged labor harmony, supported local aid for public works, and struggled to balance the budget. Hoover did the most out of any president, trying to fix …show more content…

He was inclined to give aid to banks or local public works projects, but he refused to use federal money for aid to citizens, believing the dole would weaken public morale. Hoover’s opponents painted him as uncaring toward the common citizen, even though he was in fact a philanthropist and a progressive before becoming president. During his reelection campaign, Hoover tried to convince Americans that he cared for common Americans too much to destroy the country’s foundations with deficits and socialist institutions. He was defeated by Franklin Delano Roosevelt in the election of …show more content…

The world together with the American economy experienced downturns less than a year into Hoover’s presidential term. The Hoover hoped that the situation was going to improve but when the economy edged into the depression, Hoover developed and implemented a number of strategies to manage the situation. Hoover did not believe in direct influence by the federal government. The Hoover rejected proposals to change the value of the currency because he felt that was socialism. Hoover believed it was possible to improve the economy without interfering with American individualism. His approach to the situation was received with much dissatisfaction among the population who instead voted in Franklin D. Roosevelt. Roosevelt promised a different approach through the New Deal. He implemented direct funding for most of the projects, and believed in deficit funding instead of volunteerism,which is what Hoover believed in. overall, Roosevelt and Hoover differed in their financial philosophies, and especially with jump-starting the American economy during the Great

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