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How Did Herbert Hoover Affect The Economy

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Herbert Hoover was born on August 10, 1874 in West Branch, Iowa (Leuchtenburg, 3). He was an orphan at a early age (Leuchtenburg, 3). Herbert’s dad died when he was 6 years old and his world began to crash around him (Leuchtenburg, 6). He became a part time office boy by dropping out of school (Leuchtenburg, 8). In his early life, he rejected laissez faire and he spent much of his career on solving national problems (Horwitz, 21). The thing that fired his imagination was a opportunity to meeting a mining engineer and he also drafted the student constitution as class treasurer (Leuchtenburg, 8). His early childhood wasn’t that hard. There were some signs that made him feel that he would run for president someday. Hoover held less …show more content…

Prohibition was a time when alcohol was forbidden in the United States. When the stock market crashed, it was a very big issue in the economy. Many cabinet officials were very concerned about the significant unemployment rate because unemployment was on a big rise (Leuchtenburg,129). The financial system began to shutdown when the banks failed (Leuchtenburg, 130).
There were at least $1 billion withdrawn from failed banks to other places such as underneath mattresses (Leuchtenburg, 155). Many people had no choice but to be homeless. They lived in towns called Hoovervilles in various parts of the United States. There was an increase in organized crime in many areas. During the Great Depression, Hoover tried to help the country economically recover. Herbert would be port tried as the father of the New Deal by some people (Horwitz, 21). He favored the increase of inheritance taxes and government regulation of the stock market (Horwitz, 21). Hoover extended federal control over agriculture by expanding the reach of the federal farm board after the stock market crashed (Horwitz,

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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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The Great depression sent it affects all through the world. Though millions of Americans lost their jobs and homes. Soon “Hoovervilles” started to take over all over the country which were shacks of improvised housing for people who lost everything. When F.D.R came into office in 1932 he helped Americans and America start to recover with the passing of many laws and regulations . One change was the creating of the FDIC, which insured the peoples savings stayed in the bank.

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President Hoover’s strength made an impact today by showing how much a President can be pushed. Political Skill President Hoover’s

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Many blame Herbert Hoover for the Great Depression, but this is a false statement because he stepped into office at the worst time. He had to immediately formulate new policies that would help the US retreat from the Great Depression. He served one term from 1929 to 1933. One item that made him well known for his presidency were the camps that housed the unemployed and the poor, called Hoovervilles. These “shanty towns” were normally on the outskirts of major cities and towns, so the community was close enough to still walk into town.

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 Hoover is often blamed for not doing anything to end the Great Depression, but he actually did try to use the government to create infrastructure projects, thus creating jobs. Like the Hoover Dam and the Reconstruction Finance Corporation to try to end the Depression. There are two major differences between their approaches.  One is that President Roosevelt was willing to do more than President Hoover to combat the Great Depression.  Roosevelt was willing to let the government become more involved in the economy.

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Despite being remembered most as the president who inspired the creation of tent cities refers to as “Hooverville’s,” president hoover did much to strengthen this nation. He was the first president to increase the federal budget to include children’s programs. Along with that, he hosted the first ever white house conference on child health rand protection. He achieved unprecedented prison reform, increasing the rights and humane treatment of prisoners. The number if veteran’s hospitals increased and there was a tremendous expansion of land designated for national parks.

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Herbert Hoover, the son of a Quaker blacksmith named Jesse Hoover and mother, Hulda Hoover, was a man who put others in front of himself; he liked to help others in need. He graduated from Stanford University with a degree in mining engineering which he used for many impressive accomplishments including such ideas as the Hoover Dam and working in the mining industry. Hoover had worked for Presidents Coolidge and Harding as their Secretary of Commerce. His life before presidency was dedicated to humanitarian works, one example of this work included helping to feed people in war torn countries. However, his presidency was undermined by the members of congress due to the blame of the stock market crash and the Great Depression despite his charity

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Growing up, Hoover lived in West Branch, Iowa. He had to live with his aunt and uncle because his parents past away when he was nine. Later on in his life, president Warren Harding appointed Herbert Hoover as Secretary

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Before Herbert Hoover served as America’s 31st president during the years 1929 to 1933, Hoover accomplished global success as a mining engineer and worldwide gratitude as “The Great Humanitarian” who fed worn torn Europe during and after World War I. President Hoover brought to the presidency an outstanding reputation for public service as an engineer, administrator, and humanitarian. When the Republican convention in Kansas City began in the summer of 1928, the fifty-three-year old Herbert Hoover was an the boarder line of winning his party 's nomination for president. He had won many primaries in California, Oregon, New Jersey, Massachusetts, Michigan, and Maryland. Among important Republican supporters he had the help of women, progressives internationals, the new business elites, and corporate interests party regulars grudgingly supported Hoover,but they never trusted him. The convention voted Hoover on the first ballot teaming him with Senate Leader Charles Curtis of Kansas.

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Herbert Clark Hoover began his story on August 10th of 1874, he was the middle child of Jesse and Hulda Hoover. Herbert was raised a quaker in West Branch, Iowa, his father jesse was a blacksmith and owned a farm implement store. At the age of two Herbert became sick with the croup, (a respiratory infection causing swelling of the throat) Herbert became so sick that he was thought to have died for a brief moment before being resuscitated by his uncle. Herbert's father died when he was only four leaving his mother (Hulda) to pay off her husbands debts and not long after she did, she died two.

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Roosevelt was the president after Hoover, he served from 1933 to 1945. He thought it was best to have the government take care of the people in this crisis with social programs. “ Instinctively we recognized a deeper need-the need to find through government the instrument of our united purpose.” Hoover's idea did not work he thought more people would try to help out however they did not.

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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.

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Yet even though he talked principles and organized charities, he never did anything big enough to be seen as helpful. (6) The man, Herbert Hoover, who once was seen as a symbol of compassion and efficiency for the things he accomplished, then turned out to be one of greedy incompetence due to all him mistakes and ignorance of the situation he deemed to be self-resolving. (7) The shouldered blame placed on Hoover was strikingly obvious in how the camps, which were littered with filth and debris that made up the only housing the homeless were able to dwell in, were named after him, being coined as Hoovervilles by newspaper reporter, Charles Michelson.

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President Herbert Hoover made efforts to try to fix the great depression. Many people disliked him as a president and complained he didn’t even care. However he at least tired to help people recover from the great depression. Some policies he created were the Hoover Moratorium, the Federal Home Loan Bank Act of 1932, and the Great New Deal. Hoover created the Hoover Moratorium to end the war debts however it didn’t help with the economic crisis.

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