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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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