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Herbert Hoover versus Franklin Roosevelt
Herbert Hoover versus Franklin Roosevelt
Economic impact on the great depression
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In 1929, the stock market crashed, bringing great ruin to our country. The result, the Great Depression, was a time of hardship for everyone around the world. The economy in the US was lower than ever and people were suffering immensely. During these trying times, two presidents served- Herbert Hoover and Franklin Delano Roosevelt (F.D.R.) Both had different views on how the depression should be handled, with Hoover believing that the people could solve the issue themselves with no government involvement, and with F.D.R. believing that the government should work for their people in such difficult times.
Herbert Hoover, elected as president in 1928, was a president who was not actively involved with the lives of the people in his country. His
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intentions were good, as he was hoping that “we [the United States] shall soon...be in sight of the day when poverty will be banished from this nation” (Document 2). However, the way he went about bringing on those changes were often unsuccessful. For instance, when the stock market crashed, poverty was everywhere. Hoover, instead of creating emergency relief programs and getting involved with the nation’s people, chose to stay separated. In Document 3, Hoover states, “It is a question as to whether the American people...will maintain the spirit of...voluntary giving.” Hoover believed that “self-government", a government in which people themselves solve the issues, was the best type of government. Therefore, he believed that in order to solve the economic crisis, those who had more money should help the economy themselves. Hoover thought that the money would then “trickle down” to the poor, so that eventually, everything would be stable again. Of course, because of this lack of action, most of the country disliked Herbert Hoover, and, as seen in Document 1, blamed him for the fact that our economy was taking such a long time to improve. In the document, people are standing in a circle all pointing towards the middle, where it says “Blame it on Hoover,” meaning that the hatred of Hoover was common among the American public.That is why, when Franklin D. Roosevelt came by with his almost polar opposite ideas, the country embraced him and made him a national hero. Unlike Herbert Hoover, Franklin Delano Roosevelt believed that the government was there to serve its people.
According to “The Banking System” from the National Archives, “Roosevelt’s first priority was getting the banks on solid foundation. F.D.R declared a "bank holiday," preventing any money from being withdrawn from banks for four days. This gave him and Congress time to come up with the Emergency Banking Act, as well as several relief programs to aid the economy, jokingly called “FDR’s alphabet soup” by the public. This was known as the “New Deal.” As shown in Document 4, many public works relief programs were started up, such as the CCC and the CWA. In the document, F.D.R., portrayed as a doctor, is providing his patient with flasks labelled with the names of the relief programs. F.D.R. is saying to a nurse, representing Congress, “Of course we may have to change remedies if we don’t get results.” This political cartoon is showing how Franklin D. Roosevelt was willing to pass as many acts and programs as needed to help his country. According to U.S. History: Putting People Back to Work, "Unlike Herbert Hoover, who refused to offer direct assistance to individuals, Franklin Roosevelt knew that the nation's unemployed could only last so long...aid would be immediate." The relief programs Roosevelt started up provided unemployed Americans with various jobs, mostly working to improve the country’s infrastructure and wildlife. One of his programs even focused on the arts,
creating public murals and allowing artists, who were often underappreciated, to earn a living. Herbert Hoover and Franklin Delano Roosevelt were both great men, with different ideas on how to lead a country in times of distress. Herbert Hoover believed greatly in self-government, meaning that the people should solve their own issues, rather than depending on the government for help. During the Great Depression, he did just that, choosing not to get involved in the people’s issues. On the contrary, F.D.R believed that the government existed to serve its people, and did all he could to fix the gaping wounds the stock market crash left in our economy. F.D.R’s methods were, overall, more successful than Hoover’s, and the country remembered him as a national hero for this for many years to come.
President Herbert Hoover was the conservative Republican president of America when the Great Depression occurred, and was given the burden of rebuilding the economy. He believed the federal government should not intervene, and instead believed that helping the needy was the obligation of private organizations and donors, whom he pressured. In addition, Hoover granted loans to big businesses, hoping that the money would “trickle down” and that more employees would be hired.
In the first 100 days, Roosevelt stabilized banks with the Federal Bank Holiday. In the New Deal he fought poverty with the TVA, NRA, AAA, CCC, PWA, and CWA. These policies were definitely liberal in the 1930's and because of the new programs, Roosevelt received false credit for ending the Depression. Ironically Roosevelt succeeded only a little more than Hoover in ending the Depression. Despite tripling expenditures during Roosevelt's administration, (Document F) the American economy did not recover from the Depression until World War II.
The Great Depression was one of the greatest challenges that the United States faced during the twentieth century. It sidelined not only the economy of America, but also that of the entire world. The Depression was unlike anything that had been seen before. It was more prolonged and influential than any economic downturn in the history of the United States. The Depression struck fear in the government and the American people because it was so different. Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world. As a result of the abnormal nature of the Depression, the FDR administration had to experiment with different programs and approaches to the issue, as stated by William Lloyd Garrison when he describes the new deal as both assisting and slowing the recovery. Some of the programs, such as the FDIC and works programs, were successful; however, others like the NIRA did little to address the economic issue. Additionally, the FDR administration also created a role for the federal government in the everyday lives of the American people by providing jobs through the works program and establishing the precedent of Social Security...
President Hoover was part of the Republican Party. He took office in 1929 when the American economy was at its high and when he left it reached its twentieth century low. The Great Depression occurred and he sprang into action by calling a White House conference of business and labor leaders and recommended that they accompany in the voluntary plan for recovery meaning businesses would maintain the same and all the workers would still have jobs. Also labor would keep the same wages, hours, and conditions. But after a few months the plan did not work out and the demand for products started to decrease which meant that they had to cut production, wages and lay off some of the workers, causing the economy to decline.
Herbert Hoover was sworn into office when the economic status of the country stood at its highest and the nation was accustomed to a prosperous way of living. When the stock market plummeted and took its toll on the citizens from coast to coast, it was out of his control. The approach however that was taken to deal with the matter is what will ultimately separate Hoover and Roosevelt when the debates to categorize the greatest and worst presidents the nation has seen begin. Hoover was known for false promises as he would speak optimistically to his audience and never deliver. The people began to resent his words knowing they would all fall through eventually. Roosevelt in his inaugural address knew the people were tired of hearing speeches that never pulled through and only spoke with truth as he stated:
The year was 1929. America goes through the biggest national crisis since the American Civil War. They called it the Great Depression. The Stock Market was going down, unemployment was going up, and money was becoming scarce. The United States had to look up to the one person who could lead the country out of this national catastrophe, The President. At this time the man who had that title was none other than Herbert Hoover. Hoover, A republican, hoped that this was all a nightmare, he hoped that the Depression was a small fluke that would fix itself after a short period of time. After seeing that the Depression was getting worse had to use federal relief efforts. At the end of his term a democrat, Franklin Roosevelt, took his place and tried to fulfill his campaign promises by getting the country out of the Depression.
Herbert Hoover was born on August 10, 1874, in West Branch, Iowa, and was the first president born west of the Mississippi River. (Biography.com pag.1) Herbert Hoover was the 31st president of the United States from 1929 to 1933. When the election of 1932 came around, Hoover blamed the depression on factors beyond his control, but the public either didn’t care or wasn’t buying it, and Franklin Roosevelt won the election. (Biography.com pag.2)
The New Deal was a set of acts that effectively gave Americans a new sense of hope after the Great Depression. The New Deal advocated for women’s rights, worked towards ending discrimination in the workplace, offered various jobs to African Americans, and employed millions through new relief programs. Franklin Delano Roosevelt (FDR), made it his duty to ensure that something was being done. This helped restore the public's confidence and showed that relief was possible. The New Deal helped serve American’s interest, specifically helping women, african american, and the unemployed and proved to them that something was being done to help them.
The Stock Market Crash of 1929 caused the Great Depression, allowing Herbert Hoover and Franklin D. Roosevelt to take some action as president. Hoover however did much less than FDR. Roosevelt was fully prepared for action as soon as he took office unlike Herbert Hoover, who has been said to be a “do-nothing” president. Luckily with Roosevelt’s efforts, his Bank Holiday, and the New Deal the U.S. was taken out of the depression and the federal government became much more involved in people’s everyday economic and social lives.
President Franklin Roosevelt strived throughout his time in office to construct multiple reforms, such as the New Deal, that would completely alter the role of the federal government. At the beginning of his administration, President Roosevelt faced heavy opposition from the current justices of the Supreme court. Many of the Supreme Court Justices were older and held conservative views that deterred them from vote for most of President Roosevelt’s legislature. With-in his first couple years, the Supreme Court had rejected numerous piece of legislature like the National Recovery Administration, the Agricultural Adjustment Act, and many key pieces of Roosevelt’s historic New Deal. (History.com) The justices’ traditional views drove them to deem
The roaring twenties was a decade of economic prosperity and dominance for the Republican party. However, this golden era was brought to an abrupt end. Quoting the New York Daily News the day following the market crash, “...the big, barn-like floor where the pure strings of the world are pulled, experienced the biggest panic, if not the wildest and most desperate, in the history of the world yesterday” (NYDT 1), as a result of lenient financial regulation, the market crashed. This left millions of Americans without a job and looking for executive leadership to guide them out of economic depression. Unfortunately, the incumbent President, Herbert Hoover, was unable to attack the economic crisis. Under his administration, the crisis worsened,
26.1).Was Franklin Roosevelt successful at combating the Great Depression? How did the New Deal affect future generations of Americans?
Priest Coughlin, once said “Roosevelt or ruin” but at the end he understood it was “Roosevelt and ruin”. After the Stock Market Crash on October 29, 1929, a period of unemployment, panic, and a very low economy; struck the U.S. Also known as The Great Depression. But in 1933, by just being given presidency, Franklin Delano Roosevelt (FDR) would try to stop this devastation with a program, that he named New Deal, design to fix this issue so called The Great Depression.Unfortunately this new program wasn’t successful because FDR didn’t understand the causes of the Great Depression, it made the government had way too much power over their economy and industry, it focused mostly on direct relief and it didn’t help the minorities.
The New Deal has been one of the most influential governmental policies in American history. It was led by Franklin D. Roosevelt to provide relief to millions of Americans who lived in fear after losing their jobs, homes, and hope during The Great Depression. Soon after The New Deal was implemented, Americans started criticizing such plan. Many felt that too much had been offered, but too little had been achieved. Others believed the new policies offered by Franklin D. Roosevelt had in fact expanded governmental activity and its regulatory role weakened the autonomy of American business. Critics came from both sides of the political spectrum including the Supreme Court. Representative William Lenke from North Dakota, Francis Townsend a California physician, Father Charles Coughlin a Catholic priest from Detroit, and Senator Huey P. Long from Louisiana were other famous radicals who opposed The New Deal. These critiques argued and believed that The New
After World War 1 was over, immigrants sought freedom and jobs in America which only added to the rate of unemployment in the country. As a result, the American government passed the Emergency Quota Act of 1921, newcomers from Europe were restricted in any given year to definite quota which was set at 3 percent of the people of their nationality who had been living in the united states in 1910. During this time, America went through a boom, the Roaring 20’s; throughout this time, the supply and demand for new products became outrageously high.The success and demand of this era led to a stretch in time called the great depression. The great depression was a period of prolonged poverty in the United States and around the world.