During the Great Depression, there were several views on how America should handle the crisis before them. Those views were greatly portrayed, by the two different minded presidents who were in office at this time. The presidents who had a substantial say in how this catastrophe would be handled were Hoover and Roosevelt. Their perspective and philosophy on the federal government differed. Ranging from believing the government was sound and believing the government needed to improve and provide. Each president did have certain information that led them to their certain philosophies. America took on the results of whatever theory their president, who was in office, had whether it impacted them in a good or bad way it wasn't necessarily their choice. …show more content…
His outlook on the federal government was that they should not step in but instead have the economy, who he believed was “fundamentally sound”, take care of themselves. To support this theory Hoover, in his message to Congress about the vetoing of a bill to establish federal government project at Muscle Shoals, Tennessee, stated “ But for the Federal Government deliberately to go out to build up and expand such an occasion to the major purpose of a power and manufacturing business is to break down the initiative and enterprise of the American people”. Hoover was saying that if the Federal Government was to help it would end up causing more harm then good in the way of “destruction of equality opportunity amongst our people” and “negation of the ideals upon which our civilization has been based”. Hoover took his approach as “hands-off” instead of having the Federal Government be
THE GREAT DEPRESSION 1929 was the start of the deepest and darkest time for the United States Stock Market and the people of the United States. The Market crash, the loss of American jobs and homes, lead to one of the hardest downfalls in American history. Along with billions of dollars lost due to bad stock trading, over extending on personal credit and the spending of money that had yet to be produced. The American people never stood a chance and in a matter of 10 days the lives of almost everyone changed. In 1928 Herbert Hoover was elected as president.
FDR’s approach to the Great Depression as Pertains in the Fireside Chats The Great Depression of 1933 was a terrifying economic slump for Americans. A quarter of the nation’s workforce were unemployed. Banks could not get enough currency to meet the enormous scale of cash withdrawal by means of the general public. Stocks went down 75% from 1929.
The constriction of the Hoover Damn occurred during the Great Depression, this was an opportunity for employment that attracted an estimated 20,000 men. This project provided a positive temporary solution for the unemployed, although this was only available to a certain audience of people. Hoover did however take many other steps in an attempt to stabilise the economy; unfortunately most were ineffective. For example he placed an even higher tariff on imports through the Hawley-Smoot Tariff, however it backfired as American goods became too expensive to buy in Europe, further contributing to the economic crisis. The programs in place for the public were small in scale and highly specific as to who could benefit, only a small percentage of those who were in need were successfully accounted for.
President Hoover promised that in every pot there would be a chicken, but like the lyrics from a song in the musical Annie, the people of the day said, “not only don’t we have the chicken, we ain’t got the pot.” President Hoover caused a lot of anger, he caused people to be homeless with no food and little money, and although Hoover promised to fix everything, it was completely unclear to anyone that anything had changed. The Great depression was one of the worst moments in history. President Hoover decided to try and fix the economy, but his strategy was not working.
The United States response to the great depression was the election of Franklin D. Roosevelt. Roosevelt led the U.S. out of the Great Depression because he actually wanted to help the world out. Hoover did not do anything to stop the Great Depression, if anything, he encouraged
Franklin D. Roosevelt and the Great Depression The Great Depression was one of the hardest times in History and Franklin Roosevelt was the person who helped America. Roosevelt brought about May new laws and an agency that was to help people. Roosevelt had the confidence to act when action was needed FDR set to work for those who had fallen onto hard time. By 1936 FDR inspired enough people to win the election the in inauguration FDR gave a perfect speech gathered cabinet and had them sworn in at the same time.
The New Deal Great Depression was a major American crisis in the 1930’s. As a response to this, the government created the New Deal which effectively solved many of the problems caused by the Great Depression. Although the New Deal was effective, its was also controversial. However, despite this fact, the New Deal was a necessary government response to a major American crisis.
Hoover tried to make policies for his citizens but those policies just made everything worse than it already was. Hoover gave out more taxes, and while he was trying to stimulate the economy, the unemployment rates continued to rise and the country fell deeper into debt. Hoover didn’t do much during this period to help people out, Wikipedia Contributors. “Herbert Hoover.”, states, “The causes of the Great Depression remain a matter of debate, but Hoover viewed a lack of confidence in the financial system as the fundamental economic problem facing the nation.”
As unemployment increased and the Great Depression continued, President Hoover called a conference to try and find a solution to the economic crisis. He told business leaders not to lower the wages, but at the same time they did lower the wages which forced their businesses to close down and unemployment to persist. President Hoover also tried to help farmers and the businesses. In the past, the government of President Hoover was known to hold onto people’s money; however; at his urging congress provided resources to help the
. Compare and contrast the responses of Herbert Hoover and Franklin D. Roosevelt to the Great Depression. a necessity for survival, Hoover as well as Roosevelt had their work cut out for them to save their nation from the grips of this depression. Bothe hoover and Roosevelt did share some common attributes when it came to approaching the great depression. Both presidents tried to rely on and use the federal government to help the economy, more so than any previous president before them.
The transition between presidents Herbert Hoover and Franklin Roosevelt marked the transformation from a weak, to a strong form of government, which became directly involved in the lives of the people. This was primarily caused by the difference in the executive leaders ideologies, where Hoover was more focused on individual responsibility and capitalism, Roosevelt was more concerned with immediate action based on government intervention. Overall, the New Deal sacrificed the amount of personal responsibility that the people had with their own economic security. The power of the federal government was strengthened, but the long-lasting effects based on the social and economic policies was beneficial for the United States. Herbert Hoover began
President Herbert Hoover made efforts to try to fix the great depression. Many people disliked him as a president and complained he didn’t even care. However he at least tired to help people recover from the great depression. Some policies he created were the Hoover Moratorium, the Federal Home Loan Bank Act of 1932, and the Great New Deal. Hoover created the Hoover Moratorium to end the war debts however it didn’t help with the economic crisis.
Roosevelt was the president after Hoover, he served from 1933 to 1945. He thought it was best to have the government take care of the people in this crisis with social programs. “ Instinctively we recognized a deeper need-the need to find through government the instrument of our united purpose.” Hoover's idea did not work he thought more people would try to help out however they did not.
In the following days of October, an incredible misfortune occurred. This event would soon be known as “Black Tuesday”. This unfaithful day was the day where the stock market plummeted leading to a great crash in the economy. This led plenty of individuals to become homeless and live in a state of poverty. Many of these individuals began to create their own society's known as Hoovervilles.
In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time.