When the panic of the stock market crash and Great Depression of 1929 set in, fear and speculation were everywhere. How would the problem of the American people be solved? Who could solve it? When would the solution come? Many wanted to find an answer; many needed to. In the life-or-death situation, two major political figures rose from the chaos with their own answers: Herbert Hoover, the president at the time, and FDR. Their ideas differed greatly, however, focusing on the people and the government, respectively. FDR’s plan and political presence came out on top in the end. Herbert Hoover was the president at the beginning of the Great Depression and had to come up with some solution to his nation’s problem. In his plan, he described a plan of action focusing on citizens to solve the dilemma. He proposed great amounts of volunteering to bring the nation from depression, choosing to majorly stay away from government intervention. In his ideas, the government couldn’t solve the problem any more than they could make it worse, deepening the country’s debts. As president of the United States, his plan was the first to truly be considered; however, the plan did not appear to suffice as the …show more content…
He felt that a hands-on approach from the government, one that had been avoided in earlier history, was necessary. Leaving the nation’s fate to the citizens’ volunteering wouldn’t work; after all, it hadn’t in the past. In its place, Roosevelt created agencies and programs to push the nation up instead of trusting it to lift itself. His plan, the so-called “new deal” would essentially reform America’s financial systems. His actual plan described relief for citizens out of work, the recovery of the nation’s business and economy, and the reformation of American economic institutions. He was quick to act, and acted thoroughly, focusing on the government’s intervention over the public’s volunteerism and
In his first inaugural address, the president criticized the failure of the wealthy to save the nation (Document A). His first term was marked by the New Deal, which spurred the faltering economy by creating new jobs and providing much needed financial help to the jobless and the poor. The New Deal also put many people to work on the federal pay roll through the Civil Works Administration and provided assistance to the agricultural sector, which had been in a slump since the 1920’s. By the time Roosevelt was up for re-election in 1936, he had changed American society for the better, and was able to continue for a second term. During this time, he created a second New Deal to implement social justice programs; his main goal was to use the power of the government to solve the issues of the individual (Document B).
Towards the end of the 1920’s the economy in America took a drastic turn. This was when Calvin Coolidge’s presidency had ended and changes in the government began to take place. “Just seven months after Herbert Hoover entered the White House, economic trouble mocked his campaign statement about being near ‘the final triumph over poverty.’ On October 24, 1929 panic swept the New York Stock Exchange as nearly 13 million shares changed hands” (Hamilton). The start to Hoover’s presidency was also the start of the Great Depression. His term consisted heavily on working on taking steps to bring America out of the drastic economic fall that they had just entered. He began taking action by launching public works programs, tax reductions, and the formation
In his inaugural address, President Franklin D. Roosevelt set the tone for the upcoming half century when he confidently said, “The only thing we have to fear is fear itself”. In response to the economic collapse of the Great Depression, a bold and highly experimental fleet of government bureaus and agencies known as Roosevelt’s Alphabet Soup were created to service the programs of the New Deal and to provide recovery to the American people. The New Deal was one of the most ambitious programs in American history, with implications and government programs that can still be seen to this day. Through its enactment of social reform and conservation programs, the New Deal mounted radical policies that gave the federal government unprecedented power in the nation’s economy and society, however, the New Deal did not bring America out of the Great Depression and could be considered conservative in the context of the era, ultimately saving capitalism from collapsing in America.
Compare and contrast Hoover and Roosevelt’s actions in the aftermath of the Crash of 1929. How did both administrations attempt to deal with the economic stagnation, social hardship and psychological impact of the depression? What needed to be fixed and which approach proved more successful? In your essay you should address not only the underlying economic and social problems that both administrations had to deal with and the various corrective measures they adopted, but also the underlying philosophical approaches of Hoover and Roosevelt and their supporters.
This lack of complete dedication to private interest or public purpose is further displayed in Documents B and C where Hoover stresses the importance of the individual in ending the Depression while also assuring government support for job production if the situation required it. Hoover's speeches are remarkably similar to Roosevelt's speech in Document E. Here, even during the Depression, Roosevelt stressed the importance of balancing the budget unless unemployment required the government to spend money stimulating the economy. Instead of Hoover's desire to continue restricting government, Roosevelt wanted to balance the budget. The Depression created the need for government intervention and an unbalanced budget as shown in Document F. However, despite a few efforts by Hoover to create jobs, he still seemed much different than Roosevelt who insisted in 1936 that America must not go back to supporting Conservatives who protected private interest unjustly. (Document G)
Hoover attempted many plans to end the Great Depression. Hoover rested on his belief of “volunteerism” which was a key concept of progressivism. Hoover believed private organized charities were sufficient to meet social welfare needs and was the “American Way”. Progressivism was when you displayed the wrong actions businesses were taking to the public in hopes that the public would make businesses reform their ways. This was a keen reason to why Hoover failed to solve the problems of the Great Depression. The first solution to the Great Depression attempted by Hoover came after the great crash. Hoover received a petition from the president of General Electric, Gerard Swoop, in 1929. It called for series of voluntary wage and price freezes of leading industries in the U.S. in exchange for freezing wages and prices. They asked in return for the government to cover the cost of welfare capitalism; which was an attempt to break the union, by providing benefits to make companies obsolete. They would pay workers 80% when laid off, but when the stock market crashed, they would only give them 20% salary. This was due partially to welfare capitalism. They
Throughout the Great Depression people were getting tired and annoyed of President Hoover. For example, “Hoover was widely criticized for providing public funds to pay for food for farmers” (Hayes). Hoover was paying for the farmers but not for the civilians that were struggling, This is when he was criticized and people wanted a change in presidency. During the Great Depression, Hoover didn’t help the citizens at all and they blamed the Depression on him. This was how President Hoover got the people tired of him and annoyed of him. He didn’t help the citizens because he was afraid the United States would go into debt.
Herbert C. Hoover’s “New Day” presidency began with a landslide win the 1928 presidential election when he became the 31st president of the United States; known best for his administration’s failures and the “Great Depression” of 1930. Americans did not realize at the time of his presidency that Hoover would set policies and practices that would one day benefit Americans in mortgage and finance, corporate and bank bailouts, and the “Great Recession of 2010”.
Under Presidents W.G. Harding and C. Coolidge, he was the Secretary of Commerce and prior to that, he served as the head of both the Food Administration and the American Relief Administration (“Herbert Hoover”). However, all of these qualifications could not prepare him for the peril he would face in the upcoming months. Hoover’s confidence was initially seen as positive, but when things started to clearly go wrong and he remained confident, people grew unhappy. Although the exact person or reason cannot be pinpointed, many historians are in consensus that Hoover’s inability to be proactive was part of why the Depression became the catastrophe it was (“The 1930s”). Just seven months after confidently assuring the people that he had “no fears for the future of our country,” the stock market crashed (“Herbert Hoover”).
The New Deal was put into place for helping the American system and the people to help end the suffrage of the American people. I understand where Conkin is coming from on the fact that he thinks the New Deal fell through. But as an American citizen I must look at this from another point of view. Being president of any country is a very hard job, let alone being President of the United States. The President of the Untied states of America is our commander and chief. In a position of power you must always try your best for the people of your country. I think that both Presidents Hoover and FDR both did a great job with the set of skills that they had being president during those trying times.
President Hoover’s term during the Great Depression is criticized heavily because his conservative ways kept him from making any kind of difference for the suffering American population. He is blamed for doing nothing. The causes of the Great Depression are still debatable. The main causes were debt recycling, high tariffs, the federal government, overproduction and under consumption, and the stock market crash. According to document 24-3, one of Hoover’s presidential election speeches said, “My conception of America is a land where men and women may walk in ordered liberty, where they may enjoy the advantages of wealth, not concentrated in the hands of a few, but diffused through the lives of all.” When confronted with the Great Depression he did do something. He organized a meeting with business and labor leaders, in an attempt to encourage
One of Roosevelt’s [most fatal] mistakes occurred before he was even inaugurated into office. His mistake was the fact that he didn’t listen to Herbert Hoover’s advice. Between Roosevelt’s election in 1932 and his inauguration on March 4, 1933, Hoover sent Roosevelt letters and scheduled meetings to tell him what he thought about Roosevelt’s New Deal plan. Herbert Hoover believed that the origins of the Depression were international, while Roosevelt believed they were local. For this reason the New Deal focused primarily on domestic reforms. Hoover believed that international affairs should take precedence, and he didn’t hesitate to tell FDR this. He suggested a return to gold-based currency and to balance the budget. Franklin D. Roosevelt ignored all of Hoover’s suggestions and started implementing his New Deal policies as soon as he entered office. Roosevelt was not blind to the effects the international crisis had on the Unites States, but he didn’t want to restrict his freedom as president by committing himself to others’ ideas to fix it either. His first priority was to address the problems in the United States, and as a result his first term in office resulted in very few successes in fixing the problems abroad.
He was not a believer in the federal government having a more direct influence on market prices or the control of businesses. Because of this he rejected proposals to manipulate the value of currency, viewing such strategies as socialist. What he did believe, however, was that it was possible for the economy to improve without the interfering in American individualism. His view of “Rugged Individualism” caused him to reject direct aid to citizens. Hoover’s handling of the Great Depression caused disdain amongst most Americans, and in the presidential election of 1933, he lost the race to Franklin Roosevelt, who promised to make serious changes in the first 100 days. President Roosevelt’s “New Deal” policy involved relief, recovery, and reform. His polices were intended to take immediate action to halt the economies’ deterioration, to create temporary programs to restart the flow of consumer demand, and to make permanent progress towards ensuring the citizens against future economic disaster. One of his points of focus was the farmers. In one of his famous Fireside Chats on September 6 of 1936, he addressed his remedy for their woes. “We are going to conserve soil, conserve water and conserve life. We are going to have long-time
The Wall Street Crash of 1929 marked the start of the great depression which hit America and much of the industrialised world during the 1930’s. The cycle of prosperity turned into a spiral of depression as consumer spending fell by almost half, unemployment rose to over 12 million and there was widespread poverty and homelessness. The Hoover government’s ‘rugged individualism’ meant that people did not receive any relief from the federal government and led to a loss in support for Hoover as people blamed him for their problems. After his landslide victory in 1932, President Roosevelt vowed that through his reforms and economic policies, America would return to the road of prosperity. In 1933 he set out the ‘New Deal’ which sought to
After the stock markets crashed in 1929, the United States was faced with an economical battle it had never seen before. Unemployment was at an all time high because banks were closing and the American dollar was seemingly meaningless. This brought on mass hysteria and caused chaos throughout the American population. The American public started looking to the leaders of this country for answers. They couldn’t find jobs, and what jobs they did find were paying them almost nothing. The public wanted this problem fixed. During the 1932 election, both the democratic and republican parties addressed the high unemployment brought on by the depression. The Democratic nominee, Franklin D. Roosevelt (FDR), was convinced that this problem was the fault of the former president and Republican nominee, for the 1932 election, Herbert Hoover. In his parties’