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The Great Depression: Presidents Hoover And Franklin D. Roosevelt

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The Great Depression of late 1929 was a major economic downfall for the United States. Both Herbert Hoover and Franklin D. Roosevelt were presidents throughout the Depression and they had to come up with ways on how to fix the economic downfall. Hoover believed in individualism while Roosevelt helped those marginalized by the economic situation. Hoover was more concerned with the upper class levels of the economy than the common people, while Roosevelt on the other hand thought that government spending to help those in need was necessary. During the crash of the stock market in October 1929, President Hoover had only been in office for about 7 months. Hoover’s policies were more for helping the upper class level of the economy, such as banks …show more content…

After winning the Democratic nomination, Roosevelt went to the Democratic National Convention in Chicago, where he promised a New Deal to the people that would help the economy. His main focus was to economically help the lower class instead of the rich. One of Roosevelt’s strategies was using fireside chats and press conferences as a way to communicate to the people the issues the country was facing. Even through Roosevelt’s main concern was the people in need; he also tried to help the banks by passing different acts. During the first 100 days of Roosevelt’s presidency, Congress passed the Emergency Banking Act, which opened the banks that were safe while forever closing the ones that were the weakest. The Glass-Steagall Act was passed to separate the banks that were commercial and those that were for investment. The Glass- Steagall Act also created the Federal Deposit Insurance Corporation, which allowed and made sure there were bank deposits always being made. Roosevelt also helped many people. Congress passed the Civilian Conservation Corps, which gave tons of jobs to unemployed men. Many of them were employed to do different jobs like rural camps and this way they were able to help their families throughout the depression. Roosevelt also passed the Federal Emergency Relief Act, which provided grants for those in need instead of loans previously offered by Hoover. One of the most well-known polices created by Roosevelt to help improve the economy was the Social Security Act of 1935, which by created a payroll tax that allowed people to have retirement

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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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 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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The wealth during the 1920s left Americans unprepared for the economic depression they would face in the 1930s. The Great Depression occurred because of overproduction by farmers and factories, consumption of goods decreased, uneven distribution of wealth, and overexpansion of credit. Hoover was president when the depression first began, and he maintained the government’s laissez-faire attitude in the economy. However, after the election of FDR in 1932, his many alphabet soup programs in his first one hundred days in office addressed the nation’s need for change.

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Hoover was not interested in the affliction caused by the Great Depression. In fact, people’s way of life started deteriorating as they had no support from the government. His inability to face national upcoming crisis was a mistake to the US economy and the way down to massive depression. Hoover marked into law the Smoot-Hawley Tariff Act, which prompted an emotional decrease in global exchange; and also consenting to impose increments on homes, organizations, and checks. His business profession, and individual convictions, made him ill-suited to giveaway effectively with a monetary calamity as desperate as the Great Depression.

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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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People had to live off the bare necessities. The two presidents during the time period were Herbert Hoover(1874-1964) and Franklin D. Roosevelt(1882-1945). Many compare these two presidents because of their different beliefs and how they handled the Great Depression. Although Herbert Hoover considered himself a humanitarian, Hoover believed that the people should work for themselves. He thought “rugged individualism” was the best way to handle the Great Depression.

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Presidents, Herbert Hoover and Franklin Roosevelt , endured their tenure during one of the toughest times in American history, the Great Depression. To lessen the effects of the depression both presidents tried a plethora of different tactics and plans. Through doing such each president was given a label that we today are familiar with, liberal or conservative. During such times one approach was often seen as useless whereas the other was giving the public hope and joy.

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The Great Depression was a time during 1929 to 1939, It was the longest lasting economic disaster. The two presidents in term during this crisis, Franklin D. Roosevelt and Herbert Hoover, approached this problem in different ways. Hoover’s idea on this was to have private citizens help each others, while Roosevelt believed the government should take care of its people with social programs. Looking at these ideas in more depth we can infer ways our country should go. Herbert Hoover served as president during 1929 to 1933.

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In the following days of October, an incredible misfortune occurred. This event would soon be known as “Black Tuesday”. This unfaithful day was the day where the stock market plummeted leading to a great crash in the economy. This led plenty of individuals to become homeless and live in a state of poverty. Many of these individuals began to create their own society's known as Hoovervilles.

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At the start of his presidency, the biggest threat to America was the Great Depression. Within his first 100 days, Roosevelt introduced his first set of New deals. They were a large amount of various acts, that called for radical action. Some of the most notable accomplishments of Roosevelt's new deal included the AAA, the Social Security Act, and the Emergency Banking Act. The Agricultural Adjustment Act allowed the government a firmer position in American agricultural.

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However, Franklin D. Roosevelt and his administration helped the country rise out of the depression by, establishing many New Deal programs, revived private enterprise, and proposed better use of land.

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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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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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Herbert Hoover, who was the president during the start of the Depression, thought that the economy would bounce back soon and recover quickly. Once he realized that there was a major problem with our country, he tried some very ineffective ways to fix our economy. At first, Hoover encouraged volunteerism, where he asked people to maintain their investments and he encouraged states to create charities. Hoover claimed that if he used the government's power to help the people it would destroy their work ethic and he continuously resisted taking direct action even as the economy spiraled and many others begged him to reconsider his approach. Franklin Roosevelt became our next president after Hoover, as he won with a very decisive victory.

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President Herbert Hoover was in office when the Stock Market crashed, however he was usually referred as the reason why America suffered so much during the Great Depression (Morris 186-189). The people question his ability to end the Depression and fight back debt. An online blog post from Presidentialhistory.com shares, "A resolution to impeach Herbert Hoover was introduced in 1932, but was overwhelmingly defeated in the House of Representatives." Later that year, Franklin Roosevelt became the 32th president of the United States. Roosevelt proposed to end The Great Depression and finally bring stability to the country.

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