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Herbert Hoover's Response To The Great Depression

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Herbert Hoover was elected before the start of the Great Depression. When the stock market crashed, he was forced to deal with a struggling economy. Many Americans blamed him for their hardships despite his successes. Hoover’s legacy remains tarnished by his failures and lack of support for the American people. Hoover responded to the Great Depression by wanting to keep the government hands off, this is known as a laissez faire. Hoover believed that this issue would work out itself and that all would be okay within time. Also, he believed in rugged individualism. This means picking yourself up and working out your issue. He was horribly wrong, the Great Depression was going to need much more work than he thought it did. (Keplinger, Hoover Struggles with the Depression class notes.) Even though Hoover did many things wrong, there were a few things that he did correctly. One of his greatest achievements while he was in office was building the Hoover Dam. This created jobs for Americans that were out of work. Furthermore, Hoover urged bank owners to join a credit …show more content…

For example, he created the Reconstruction Finance Corporation (RFC). RFC would use trickle down economics to try to help the economy. RFC was passed in 1932 and gave billions of dollars to railroads, banks, and large corporations. These companies were suppose to create more loans and hire more people, but most of them just kept a good part of the money for themselves and didn’t trickle down economics. Another example would be the bonus army. Thousands of veterans from WW1 went to the Capital in June of 1932. They requested early payment of cash bonuses that were originally due to them in 1945. Hoover asked them to leave and when they refused to he called the National Guard on them. This upset many Americans.("Copy of Hoover's Response Fails." Prezi.com. N.p., n.d. Web. 02 Nov.

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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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One of his excuses was “ These shocks have in a large sense come from without our borders” meaning that it was some external country that plunged us into the great depression. Even though this was at least partially true, the American people didn't see it that way, and blamed hoover for most of their problems. This is painfully evident in the names of the “Slums” that formed as a result of the depression, commonly known as Hoovervilles. The Public was further outraged by Hoover and his plan to bring america back from the Great Depression. Hoover's plan was essentially a hands off approach, His party believed the country would fix itself given enough time.

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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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