Napolean Bonaparte once stated, “A leader is a dealer in hope.” Hoover and Roosevelt had very different viewpoints on how to handle the Great Depression. Hoover preferred “rugged individualism,” and FDR preferred “helping hand” philosophies. Hoover believed in assisting business in hope that this support would create a trickle down impact which would lead to investment and more jobs. FDR, on the other hand, wanted to provide people with jobs to increase confidence and correcting failures in certain economic institutions, leading to a bubble up scenario. It is ironic that Hoover knew how it felt to suffer in poverty as a child, yet FDR better handled the job of reassuring citizens that he was the man to get the nation out of its slump. Franklin Delano Roosevelt was the man to turn to.
FDR is the president who dealt hope to the citizens of the United States during the Great Depression and gave them a reason to believe that everything would be okay. One of Hoover’s big mistakes was the acts that he passed in “attempt” to help the U. S. Herbert Hoover is known as a president who allowed the United States to continue to slide into its worst depression ever. Though Hoover did take some action, it was too little, too late. Hoover did intervene after the Stock Market crash, but the acts passed by Congress and signed by Hoover were the worst kind of interventions.
The Term Paper on Great Depression 6
Depression is a deep, extended slump in total business activity. Buying and selling drop during a depression. This causes a decline in production, prices, income and employment. Money becomes scarce. Many businesses fail, and many workers lose their jobs. A depression can hit an industry, a region, a nation of the world (Coy 32; Smitha 89; Eleanor Roosevelt National Historic Site NP). A depression ...
They worsened the problem. The most infamous of these is known as the Smoot-Hawley Tariff Act. Raising tariffs at this time was the worst possible thing that they could have done to cure a depression. The Smoot-Hawley Tariff was guaranteed to worsen the depression and stifled international trade. Other acts passed during Hoover’s administration had similar effects of either raising prices or keeping them artificially high when they should have been dropping. Also, his Agricultural Marketing Act had little impact on the prospects of American farmers.
Hoover obviously handled the Depression the exact wrong way and in effect, brought the nation into an even bigger slump. The economic crisis that struck the United States in the late 1920 s was all-encompassing. Having both domestic and international causes and effects, the Depression afflicted almost every part of the American economy. This revealed many serious structural weaknesses that resulted in high unemployment, low economic growth, and financial instability. Most important, the Depression sapped the American people’s confidence and will. The Great Depression was a test of will for Hoover, one that proved too difficult for him to manage.
His “rugged individualism” approach failed to stimulate the consumption and production that was necessary to jump-start the dead economy. Hoover did eventually support some interventionist government programs that aimed at combating the Depression, he feared that government aid would breed a sense of dependence among the poor. Thus, he refused to extend assistance to millions of the nation’s unemployed and hungry who were overwhelming private relief agencies. In the public eye, Hoover appeared uncaring and unwilling to admit that the people of the U. S. were starving and that his ideas and philosophies were failing miserably.
He lost significant public support. In 1932, Hoover ran for reelection, anxious to prove that his policies could still revolutionize the economic crisis. Nonetheless, the Americans were captivated by Democrat Franklin D. Roosevelt and his New Deal. The New Deal vaguely promised a crusade to restore America to its own people. Roosevelt won, with an unprecedented majority.
The Essay on Impact of New Deal on Maerican Government and Society
FDR’s New Deal changed the face of American government. Never before and no one since has implemented so many government programs and agencies. FDR’s New Deal helped the US get out of the Great Depression. The new deal expanded the federal government’s power like never before and was designed to help Americans who were suffering. FDRs new deal can be broken down into two categories: The first New ...
Though Hoover’s reputation is forever tarnished in the public’s view, it has risen over time. Though he is no longer blamed for causing the Depression, Hoover’s efforts to combat its aftermath were pathetic. He portrayed himself as an efficient engineer, a successful self-made man, a careful businessman, and a skilled administrator. Hoover’s worst mistake may have been the way he dealt with the Bonus Army.
In 1924, World War I veterans had been given certificates that the government promised to redeem with money in 1945. When the Great Depression hit, however, many veterans demanded immediate payment, and in June 1932, about 17, 000 veterans marched on Washington to demand their payment. The Senate refused to pay off the certificates, and most of the World War I veterans went home. About 2, 000 of the stubborn men refused to leave the capital, and in return, Hoover sent federal troops under General Douglas MacArthur. General Douglas MacArthur evicted the remaining 2, 000 stragglers forcefully by using tear gas and bayonets. With the public’s viewing Hoover completely opposite of how he described himself, FDR stepped into the limelight and became the hero.
Roosevelt came into office and swept away the public with his charismatic and confident image. The prospect of change offered hope to millions of people trapped in the Depression. He promptly expanded on Hoover’s programs. FDR’s policies succeeded in the beginning and gave people hope, the most important thing.
After settling into the White House, Hoover immediately called a special session of congress to deal with the Depression, rather than delay. This became known as the Hundred Days because no session of Congress had ever produced so much important legislation until 1965. Roosevelt had called the special session to deal with the banking crisis, economy in government, and changes to the liquor law. The Emergency Banking Act, introduced, passed, and signed by the president during a single day, gave the federal government sweeping power to deal with the banking crisis.
The Beer Act raised the percentage of alcohol considered non-intoxicating from. 05 percent to 3. 2 percent. This made it possible to sell three-two, or low alcohol, beer, which had been illegal under the 18 th Amendment to the U. S.
The Essay on Franklin Denalo Roosevelt’s new deal program
The prosperity and harmony which was prevailing in the United States of America during the 1920s came to an abrupt halt with the stock market crash in 1929. This was pursued by the Great depression. The great depression rendered people unemployed and endangered their jobs, investments, assets, farms, houses and other belongings. During 1930’s America suffered from the greatest economic depression ...
Constitution. Roosevelt also created a new program of reform: Social Security, heavier taxes on the wealthy, new controls over banks and public utilities, and an enormous work relief program for the unemployed. The economy began to expand again in 1933 and continued to do so until 1937. Roosevelt served longer than any other president did. His unprecedented election to four terms in office will never be repeated. Roosevelt held office during two of the greatest crises ever faced by the United States: the Great Depression, followed by World War II.
His program, New Deal, introduced far-reaching reforms and prepared the way for welfare state. This approach was based on priming the pump which involved the government dumping a huge amount of money into the faltering economy to reach a bubble up scenario. His leadership of the Democratic Party transformed it into a political vehicle for American liberalism. Both in peacetime and in war his impact on the office of president was unprecedented.
In Roosevelt’s 12 years in office, strong executive leadership became a basic part of United States government. He made the office of president the center of diplomatic initiative and the focus of domestic reform. Though Franklin Delano Roosevelt may have made a few mistakes, his pros outweighed Hovoer’s pros overwhelmingly. The most important fact is that FDR gave people hope during a time of economic crisis.
After Roosevelt’s legacy, there was an unspoken standard for incoming presidents, following in FDR’s footsteps. When one says Roosevelt’s name, he will be thought of upon fondly and in a light of respect. Hoover was just not able to match Roosevelt’s enthusiasm and charismatic nature. Roosevelt was, indeed, a leader who dealt hope.
Bibliography 1) “Pursuit of happiness.” Time Magazine October 1939 Time Magazine Archives. April 25.
