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How Did Hoover Try To Address The Great Depression

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The Great Depression was a difficult time for the United States, and both Herbert Hoover and Franklin D. Roosevelt faced significant challenges in trying to address the economic crisis and its impact on the American people. Hoover, as I mentioned earlier, believed in limited government intervention and a reliance on the private sector to address the crisis. He believed that the best way to stimulate the economy was to encourage businesses to invest and hire more workers. However, his approach failed to turn the tide of the depression, and many people criticized him for not doing enough to help those who were suffering. Franklin D. Roosevelt, on the other hand, had a more interventionist approach to addressing the economic crisis. He introduced the New Deal, a series of programs …show more content…

Roosevelt, whose New Deal policies represented a more comprehensive and interventionist approach to addressing the economic crisis. Franklin D. Roosevelt, who was the President of the United States from 1933 to 1945, came into office during the depths of the Great Depression. His approach to dealing with the economic crisis was based on the principle of active government intervention and a belief in the ability of the federal government to address the crisis. Roosevelt's policies, collectively known as the New Deal, were a series of programs and initiatives to provide relief, recovery, and reform to the American economy. The New Deal included a range of measures, including the creation of government agencies such as the Civilian Conservation Corps, which provided employment opportunities for young men, and the Works Progress Administration, which employed millions of people in public works projects. Roosevelt also introduced several financial reforms aimed at stabilizing the banking sector and restoring confidence in the

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During the Great Depression, there were several views on how America should handle the crisis before them. Those views were greatly portrayed, by the two different minded presidents who were in office at this time. The presidents who had a substantial say in how this catastrophe would be handled were Hoover and Roosevelt. Their perspective and philosophy on the federal government differed. Ranging from believing the government was sound and believing the government needed to improve and provide.

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Roosevelt had become president right after Herbert Hoover in 1933. FDR’s opinions on what can help the great depression was the opposite of Hoover. Unlike Hoover's opinion on no federal intervention, FDR believed that the federal government should butt in. His opinion on the support that can be given is direct government support. He believed that the things that cannot be done by the people, can be done by the government such as supplying jobs.

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When Franklin D. Roosevelt became president he had to help the country through the Great Depression. America had just finished a World War involving many countries, and during this time of war there were many opportunities for jobs. However, at the end of the war there was no longer a need for jobs to create weapons and many women were left without jobs. Many countries were going through depressions as would the U.S. Franklin D. Roosevelt’s response to the Great Depression was very effective, he helped build the suffering economy, created housing, and create jobs all which greatly increased the government’s involvement in many areas. During the Great Depression, Roosevelt focused on building the economy, however with a high rate of unemployment it would be a challenge.

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He created programs to open up jobs for people, set minimum wages, help the homeless and so much more. Roosevelt also wanted to protect the banks and restore confidence in them. He created a banking holiday, where every bank was shut down in the U.S. until the U.S. treasury approved it. The citizens could be confident in the opened bank, by the treasury’s approval to continue operation. He looked out for the youth through enabling them to earn money to help their family, but also further an education.

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FDR’s first incentive was to make “The Emergency Banking Act which authorized the Federal Reserve Board to issue new banknotes and allow the reopening of banks that had adequate assets, and arranged for the reorganization of those that did not” (Source 2). The New Deal helped reopen banks and provided loans to banks that needed help, and closed banks that were too unstable to open (Source 4). Along with this, he made the Glass-Steagall Act that insured bank accounts through the FDIC’s (Federal Deposit Insurance Corporation) main purpose is to insure deposits, examine and supervise financial institutions for safety, soundness, and consumer protection, make large and complex financial institutions resolvable (Source 5).

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Comparing the Presidents of the 1930s Two president going neck to neck trying to end the Great Depression, only the best would come up with the solution. Herbert Hoover and Franklin Delanor Roosevelt were the two presidents during the 1930s. The two presidents and their lifestyles seem to be the exact opposites to many. Both men were presidents during one of the most difficult times in American History, the Great Depression. Both doing everything that they thought was necessary during the time, one being a lot more successful than the other.

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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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During his first term in office, he took on programs and policies to relieve the effects of the depression, collectively known as the New Deal. During this time, many social policies were passed to specifically aid the working class. Some of the acts Roosevelt implemented were the Glass-Steagall Act, the Federal Deposit Insurance, the Securities and Exchange Commission, the Home Owners Loan Corporation, the Works Progress Administration, the National Labor Relation Board, and Social Security. All of these acts were put in place to aid the working class, and prevent the severity of future depressions. The outcome of the New Deal gave a new role for the federal government, which is the partial responsibility for the people’s financial

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The great depression and its consequences on the American spirit played a major role in the development of both global and domestic politics throughout the 1930’s leading into the Second World War. The national response to economic collapse was heavily characterized by the political positions of Herbert Hoover and Franklin Roosevelt centering on recovery. Although stabilization and full recovery was not achieved until the industrial mobilization leading into the war, the policies, commissions, and actions taken by each president during the depression had a profound effect on the American public. Herbert Hoover and Franklin Roosevelt’s responses both utilized the federal governments more than any other respective presidencies, however, Hoover’s lassiez-faire economic outlook and presidential optimism coupled with ineffective recovery systems only exacerbated the current problems, in contrast, FDR’s

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During the World War I, there was massive loss of American human and capital resources. America was also in a great international debt which President Hoover thought to be their number one cause of great depression. Different sectors like agriculture and domestic production was largely affected by low pricing and expensive tools of input. Economist on the other hand believed unemployment to be major cause of The Great Depression. President Hoover also realized that just increasing the taxes would not make the debt smaller but only make the social status of the citizens even worse.

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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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Herbert Hoover as the president from 1929-1933 and the beginning of the Great Depression, barely made any changes to help Americans and the changes that he attempted made little to no difference for Americans but instead made it more difficult for farmers, homeowners and Americans in general while President Franklin Delano Roosevelt (FDR) came into office later but developed many solutions that helped Americans by making these solutions available

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Establishing these tasks continued the way to shape the lives of millions of Americans to this day. First of all, the New Deal was the set of federal programs launched by President Franklin D. Roosevelt after taking office in 1933, in response to the calamity of the Great Depression,

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The New Deal was the set of federal programs put in place by President Franklin D. Roosevelt after he was elected in 1933, in response to the disaster of the Great Depression, and lasting until America's entry into the Second World War in 1942. FDR’s New Deal became like a promise to the American people at this time, bringing them relief, recovery and assistance to the unemployed, give life back to the economy, and to change the financial system of America to ensure that a Depression like that never happens again. Immediately after Roosevelt is put into office, he calls for an emergency Congress meeting. The next hundreds of days were spent putting programs that eventually create the New Deal.

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Roosevelt became president four years after the Great Depression had started, preceded by Herbert Hoover, a man who thought the Depression was just “a passing incident in our national lives. (New Deal)” Roosevelt’s approach to the issue was revolutionary, completely changing how the federal government interacts with the lives of Americans. He passed the Emergency Banking Act, helping to restore Americans’ faith in banks, and the National Industrial Recovery Act, allowing workers to unionize, as well as creating programs which employed the previously unemployed, stimulating the economy. Several New Deal programs still exist today, including Social Security and unemployment insurance.

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