ipl-logo

How Did Harvey Couch's Impact On The Great Depression

691 Words3 Pages

Meghan Thurlkill 1

Harvey C. Couch

This article is about Harvey C. Couch and his impact on The Great Depression. He was very vital to the History of Arkansas. He created the Utilities Empire governed by the Arkansas Power and Light Company, and directed a series of railroads linking much of the southeastern United States. He became rather wealthy from his accomplishments and raised living conditions for thousands of people in Arkansas, Louisiana, and Mississippi. Apparently this is not all he is known for. According to the article he is not mentioned as an important part of Reconstruction Finance Corporation during the Great Depression. He was a director from 1932-1934 and established the precedent for massive, federally-financed public …show more content…

Couch was very versed in issues of unemployment and toured Arkansas to observe the employment needs. He was convinced that the residents in Arkansas would work if given the opportunity with available jobs. He later applied this idea to the entire country, that if Americans has employment opportunities, they would work. President Hoover, seeing Couch’s enthusiasm he appointed him as supervisor of this new public works phase of the RFC's many …show more content…

The program started out with severe difficulties restricted Harvey’s ability to artificially stimulate employment. The Government put restrictions on the Act so that every project had to be self-sustaining and bringing in profits to be able to pay back the Government. Not to mention, came with ridiculous terms of rates on the loans were set at 5 1/2%, and mortgages had to be repaid in a maximum of ten years. Jesse Jones, a Democrat from Texas and close ally of Couch on the RFC Board of Directors, complained that hundreds of applications were being denied because they did not comply with the technicalities of the administration's restrictions. The program, on the eve of the election, authorized $108,000,000 for three huge projects in California: the bay bridge from Oakland to San Francisco; the water works system in Pasadena; and the Metropolitan aqueduct to carry water from the Colorado River to Los

Show More
Related

Hoover Dbq

1435 Words | 6 Pages

Hoover realized the NCC did not make enough of impact on the problem. He then initiated the Reconstruction Finance Corporation, which was authorized to lend up to $2 billion to banks and other financial institutions. Although it marked a significant new departure, the RFC disbursed money slowly, advanced loans largely to the largest banks and institutions, and did very little to shore up the banking system (Colleen 338-341). According to Colleen “Until the presidency of FDR, the RFC started to expansion and effect American’s economic more.” (Colleen

Read More

How Did Roosevelt And Hoover Affect The Economy

141 Words | 1 Pages

The Great Depression affected millions of American financially. After the stock market crash in 1929 and particularly after the banking crisis of late 1930, many Americans lost their jobs and were living in poverty. Herbert Hoover was the president of the United States at the beginning of this Great Depression. During the beginning of Hoover’s presidency most Americans supported a laissez-faire system as did Hoover . In a laissez-faire system the market dictates the economic prosperity of the country.

Read More

How Did Hoover Contribute To The Great Depression

818 Words | 4 Pages

Economic involvements had a bigger impact on the great depression. The great depression was a time of need for the Americans. Due to the supplies and accessories shipped out during the war, America was low on supplies, money and control, and president Herbert Hoover did very little in an attempt to overcome this problem. Men and women were driven into what were called Hoovervilles, which was a collection of teepee huts gathered together to make a community. Just as the people thought they had hit rock bottom, a switch of presidents helped make all the difference.

Read More

Herbert Hoover Chief Administrator Essay

397 Words | 2 Pages

The RFC provided financial support by loaning money to banks, railroads, and other businesses. By doing this, Herbert Hoover was making a Chief Administrator decision. With Herbert Hoover taking the role of Chief Administrator, he is concerned with unemployment, high prices, taxes, and the prosperity of the country. The president is not expected to control the economy but to help it run smoothly.

Read More

Compare And Contrast Hoover And Fdr

862 Words | 4 Pages

With that in mind, FDR established the Federal Deposit Insurance Corporation (FDIC) in that it gave people confidence in the economy, and ensured Americans that their money would be in a safe place. People also began to involve themselves more in the Stock Market which allowed the business market to thrive. The establishment of the Tennessee Valley Authority (TVA) was effective in which it established jobs, and promised Southerners cheap, affordable power including the construction of dams. FDR also used this program to renourish the Tennessee River Valley. Being that the Civilian Conservation Corps (CCC) was FDR’s favorite New Deal program, the CCC provided jobs to over 2 million people who were devastated by the depression and also contributed to living a better life for those who suffered from the

Read More

How Did The Civilian Conservation Corps Work During The Great Depression

992 Words | 4 Pages

The Great Depression began in October of 1929 and this caused many people to lose their jobs and left many young men on the streets with nothing. Franklin D. Roosevelt, who was president at the time, created the New Deal programs such as the Civilian Conservation Corps. The Civilian Conservation Corps focused on soil conservation, reforestation, and providing men with work during the Great Depression. The men that were part of the Civilian Conservation Corps helped a great deal with soil conservation.

Read More

How Did Herbert Hoover Do During The Great Depression

929 Words | 4 Pages

He thought with the help of the government that it would make the economy run fairer and more efficient. He called it the associative state. He also has the idea of the ‘Hoover Dam.’ This was the

Read More

Great Depression Dbq

525 Words | 3 Pages

Roosevelt was elected president, in 1932, things started to look up for all those who had been living in poverty for the past few year. In a short text about the New Deal it states; “During the first 100 days of his presidency, a never-ending stream of bills was passed, to relieve poverty, reduce unemployment, and speed economic recovery.” Within 100 days of Roosevelt being in office he had already started to fix the problems of the Great Depression because, unlike his precursor Herbert Hoover, he felt that it was the obligation of the federal government to help the people of America, and not vice versa. In 1933 the Civil Conservation Corps (CCC) sent three million single men from the age of seventeen to twenty-three to the nation’s forests to work, and paid these men $30 a month. Also the Works Progress Administration (WPA) employed more than 8.5 million people to build bridges, roads, public buildings, parks, and airports as claimed by the short text about the New

Read More

Hoover's Role In The Great Depression

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.”

Read More

Hoover's Response To The Great Depression

465 Words | 2 Pages

Beuscher worked at to be able to hire more people. However, under Herbert Hoover, congress was trying to pass unemployment relief which would cost about 1.5 billion dollars. Hoover viewed giving grants to businesses grants would remove a company’s abilities to employ more people by getting the government involved with the free market. And with the governments involvement in the free market the economy will never rebound. Hoover wanted private charities to help people in the great depression.

Read More

Explain What Problems Did The Us Face In The Vietnam War

1059 Words | 5 Pages

1. What problems did the United States face in the Vietnam War? As the United States struggled against communism in Vietnam, it would face many problems. In the late 1950’s President Eisenhower and later President Kennedy sent military supplies and advisers to South Vietnam. Despite the American aid the Vietcong grew stronger with support from North Vietnam.

Read More

Great Depression Dbq

1226 Words | 5 Pages

He worked very hard to find a solution for the depression; however his actions seem to have worsened things. “With not enough being done to prevent the crisis in America getting to the scale it did. Moreover, his decisions then impacted on other Western countries, which are what brought the depression to a truly ‘great’ level.” (Causes of the Great Depression, Para.17) He passed the Smoot-Hawley tariff which increased tariffs on imports and minimized the market size.

Read More

Franklin D. Roosevelt's Impact Of The Great Depression

1101 Words | 5 Pages

In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time.

Read More

How Did The New Deal Affect Public Work

632 Words | 3 Pages

Since “Black Tuesday” of October 29, 1929, Americans suffered from obstacles such as debts, homeless, and unemployment under the helpless president, Herbert Hoover. However, the next president, Franklin D. Roosevelt began to make progress against the Great Depression from 1933. The Hundred Days Congress operated the New Deal program and introduced various reconstruction plans, which includes public works projects that had crucial effects on the nation’s economy, the environment, and people’s personal lives. These public works projects effectively stimulated the economy and developed the nation’s interior, while achieving the goals of 3 R’s: relief, recovery, and reform.

Read More

The Federal Emergency Relief Act (FERA)

129 Words | 1 Pages

The Federal Emergency Relief Act provided state assistance for the unemployed and their families. Rather than having large numbers of workers on the dole, Roosevelt believed in payment for the work performed to help maintain morale of recipients. This program, while being more costly, did provide work for 20 million people. Roosevelt knew that most of the government 's relief efforts got canned due to the fact that they got held up by politics.

Read More

More about How Did Harvey Couch's Impact On The Great Depression

Related Topics

Open Document