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Compare And Contrast The Economy And Government

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The Economy/Politics and Government In the time of the 20th century, when the great depression came about. Many people had trouble searching for a job and in many occasions keeping one as well. There was a havoc of multiple people looking for a way to solve their economic issue but saw no results.This was a time, as John Galbraith describes it, were “the economy was fundamentally unsound” (Zinn, 286). Many people struggled with poverty at the time with the economy and the stock market crashing caused even much more of a chaos. People weren’t hungry, they were starving. Workers weren’t tired, they were exhausted. Families weren’t looking for new homes, they were homeless. Citizens weren’t hopeful about change, they were hopeless. The Great Depression …show more content…

He created the Reconstruction Finance Corporation, which was established to provide financial aid to railroads, financial institutions, and business corporations, but still wasn’t enough to deal with problem the people faced. In the article “President Hoover Applauds Limited Government, 1931”, Hoover gives a brief statement on how the Federal Government should “limit its responsibilities to supplement the states and local communities” during the time of high economic poverty. President Hoover believed that the economic issue was the responsibility of the state and local government, and to replace it with the federal government would “threaten the whole foundation of local government which is the very basis of self-government”. Hoover also believed that all citizens are made equal and should have “Character” which he considers, “Is made in community as well as in the individual by assuming responsibilities, not by escaping them”. In the article, “The Nation Asks’ Is it to be Murder, Mr. Hoover?’, 1932”. The people complain that Hoover is, “deeply and sincerely convinced that if necessary it is better that some should starve than that multitudes should have their characters wrecked and their initiative killed by a dole”. The American citizens blame Hoover for millions of families starving and also avoiding passing the “300,000,000 temporary loans by the reconstruction finance corporation”. Which makes it seem that Hoover isn’t even giving them a fighting

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The United States went into a period of calamity right after the stock market crash commenced in 1929. Many Americans faced challenges throughout the Great Depression struggling to feed their families. Of course, actions were taken to combat the economic crisis and its’ whole array of problems. Some of these actions being the acts/programs passed by both parties, President Herbert Hoover and President Franklin D. Roosevelt, to combat the high unemployment, poverty, and food rationing.

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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.

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In Opposite of Hoover was Franklin Delano Roosevelt, the man who the American public saw as their saviour and as the one who singlehandedly led them out of the depression. This paper is going to compare and contrast Hoover and Roosevelt's policies in an attempt to explain why one

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Hoover understood that not being involved into the lives of the American people worked for Coolidge, if something is going well, there's no need to change it. Until the Great Depression in 1929 he kept that mentality, but something needed to change and was expected of him when the economy was so low. He created the Reconstruction Finance Corp. with the 3 platforms of volunteerism, localism, and rugged-individualism. Describing volunteerism as helping each other out and the need to get involved, localism focused on state governments to make their attempt to fix the problem first rather than the federal government, and rugged-individualism was this new term of growing character and that American culture of fixing things out on their own and after getting through the rough and tough, they will succeed. “Economic depression cannot be cured by legislative action or executive pronouncement “ (DOC C).

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Even though Hoover wasn’t re-elected after 1933, his failed attempt at laissez-faire still affected the American people. An example of this is Roosevelt’s attempt at counteracting Hoover’s Rugged individualism. During Roosevelt’s campaign he promised a ‘New Deal’ for the American people, where, especially in comparison to Hoover’s: ‘laissev-faire’, the US government would be more involved with businesses and the country’s citizens. Summed up, the ‘New Deal’ was about doing everything to keep the country from disaster.

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The people who were lucky enough to keep the job they had were paid much less than they were before. More and more people were becoming homeless, and some were struggling to support their family. President Franklin D. Roosevelt put reform and relief measures into place,

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Hoover was not interested in the affliction caused by the Great Depression. In fact, people’s way of life started deteriorating as they had no support from the government. His inability to face national upcoming crisis was a mistake to the US economy and the way down to massive depression. Hoover marked into law the Smoot-Hawley Tariff Act, which prompted an emotional decrease in global exchange; and also consenting to impose increments on homes, organizations, and checks. His business profession, and individual convictions, made him ill-suited to giveaway effectively with a monetary calamity as desperate as the Great Depression.

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In 1832, he shared these ideas in his Annual Message to Congress. His first point was the “continuing reduction of all government expenditures, whether national, state, or local” was essential to repairing the economy (Hoover). Hoover states the importance of this step by saying, “That is the first necessity of national stability and is the foundation of further recovery. It must be balanced in an absolutely safe and sure manner if full confidence is to be inspired” (Hoover). He acknowledges that the only way to move forward in recovery is through the stabilization of the nation.

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As someone who had always struggled financially throughout his life, he felt he could bring America back up from the depression, as seen in Document 4. Hoover is pulling up America from a waterfall as Europe keeps falling with no help, representing America striving for recovery and Europe’s past recession. A conservative idea seen by Hoover was his belief in rugged individualism, he believed that the Americans should help themselves from the despair of the Great Depression. He also believed that the people should not rely solely on the government’s assistance and the government should not overly aid the people. In Document 2, it is seen that Hoover felt the most effective way for the Americans to end the depression was to volunteer themselves into community services.

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Sadly, although he tried many attempted to turn the nation’s economy around, but 1932 1 in every 4 American was unemployed. It got so bad that kids were being forced to work again instead to attend school. On top of that 100,000 people were homeless and lived in Hoover Hotels, or shacks created by wood and carboard. If there were many houses close together, it was called a Hooverville, and empty pockets were known as Hoover flags. Through this Herbert Hoover had created public work organizations and gave farmers and businessmen loans.

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Many of Hoover’s policies favored big businesses and he believed that the growth of the economy depended on increasing capital given to big businesses would combat the depression, which is also known as the Trickle Down economics. If the government aided big businesses then their investments and success would “trickle-down” to the working class, this improving and expanding the economy (Doc 5). Many people criticized Hoover and his policies for not helping the needy. He refused to provide federal relief programs to help unemployed since he thought people would not be motivated to work if the government aided them (OI).As conditions worsened, makeshift homes popped up all over America and were nicknamed “Hoovervilles”, after Herbert Hoover. Hoover believed that that individual initiative and big businesses would solve the problems of the depression and that the economy would recover on its own (OI).

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862 Words | 4 Pages

“Few Americans knew about the Hoover’s extensive charitable efforts during the Depression because they insisted on making them a private affair. And while Bert and Lou scored an “A” in the individual-good-works department, they flunked the official course altogether, failing to come up with a style of leadership or legislative agenda that was equal to the enormous task before them. The result was sad and predictable: America got sick to death of the Hoovers. In 1932 they lost the White House to a couple of radicals named Roosevelt whose ambitious ideas, so Bert and Lou believed, would ruin the country. Events would prove them wrong.”

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1018 Words | 5 Pages

So when it came time to elect a new president Hoover seemed to be just what the nation was need. He had a reputation seen in no other, and had managed a huge successful rescue mission when needed. He was someone no one had thought could fail seeing as he had done what no other could do. However, soon after the Great Depression, the people realized he was not as grand as could be, but merely “a timid boy’s scout,” not even near the super man Roosevelt and others thought him to be. The Great Depression was something the mast of people believed he would be able to handle, since being an economic man was his specialty.

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868 Words | 4 Pages

Unemployment rose to 25 percent and by 1933 fifteen million people were out of work (Henretta, 2009). 9,000 banks closed their doors, and 100,000 businesses failed (Henretta, 2009). When the banks failed it had an even more severe shock. Back then the government did not insure bank deposits so savings in failed banks simply vanished (Henretta, 2009). People that were less fortunate than others did what they could to survive.

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585 Words | 3 Pages

Majority of people in world watch some type of professional, college or high school sport if its football, soccer or even golf something about that particular sport is it’s the team that plays in your hometown or if you are actively playing the same sport or even if they just have the love for the game. A sport the generally has a lot of controversial is it is indeed is a sport is Cheerleading. Not only has cheerleading evolved into a large a actively participated since the 1970s where the Dallas Cowboy cheerleaders were first introduced and is considered a dangerous sport. According to a recent survey by the National Federation of State High School Associations (NFHS), there are almost 400,000 individuals involved in high school cheerleading in the United

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