President Hoover And The Great Depression

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Many people thought that President Hoover did not take the appropriate actions to end the conditions of The Great Depression. President Hoover thought that the decreasing economy would only be temporary. Hoover decided to give advice to businesses and local government. He told businesses to not cut wages or production. This eventually led to over production then unemployment. These were two major components of The Great Depression and also why people believed that President Hoover did not take the appropriate actions to end the conditions of The Great Depression. Next, Hoover even agreed to allow more money for public works. He believed this would help provide more jobs to create bridges, parks and libraries. Later, state and local government ran out of money to support public works. Therefore, Hoover was forced to try a new remedy to end the conditions of The Great Depression. President Hoover decided to try to help with the RFC (Reconstruction Finance Corporation). This was when money was lent to businesses or programs providing help for the needy or in other words, relief. This plan was unsuccessful because directors did not want to grant risky loans and suffer the consequences. President Hoover also refused to give WWI veterans their $1,000 bonus immediately. Soldiers were promised a $1,000 bonus by 1945. Since these soldiers were coming home in the mist of The Great Depression, they wanted and needed their money in advanced. Most Veterans were out of work by the time they got home and they formed a group. The jobless veterans, who formed a group called The Bonus Army, marched to Washington D.C. to protest. Some people gave up the protest and left while others stayed. At one point the protest got so violet between the veter...

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...nemployment rates kept going down as long as the New Deal was still in action. People were finally getting back on track with their lives. Citizens now had jobs, money to pay for rent clothes, food, and businesses were reopening. People began to think of the end of The Great Depression as the great prosperity. By 1941, The Great Depression was nearly over. Since FDR agreed to enter war, World War II was about to begin. Many people benefited really from it. The war brought the opportunity for more available jobs in places such as factories. Factories made weapons for war and needed workers to make them. Small businesses also made war goods which created more jobs. By 1941 (when the war began) unemployment rates went down to 9.7%. America was officially over came The Great Depression. Without the New Deal America wouldn’t have been able to pick its self up as quick.

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