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Roosevelts administrations responses to the great depression
Hoovers approach to the great depression
Hoovers approach to the great depression
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Another objective of Roosevelt’s was to provide relief for the poorest Americans whom were primarily farmers whom lived in the Midwest and in the South. The Midwest and the South were the poorest regions of the country. Many lacked basic resources such as electricity and plumbing. The majority of farmers were also suffering from low income due to lack of demand for agricultural products. Roosevelt decided to provide relief to Americans from the Midwest and the South by influencing the market in a way that will cause demand for agricultural products to increase which will cause agricultural prices to increase as well.
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.
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.
The transition between presidents Herbert Hoover and Franklin Roosevelt marked the transformation from a weak, to a strong form of government, which became directly involved in the lives of the people. This was primarily caused by the difference in the executive leaders ideologies, where Hoover was more focused on individual responsibility and capitalism, Roosevelt was more concerned with immediate action based on government intervention. Overall, the New Deal sacrificed the amount of personal responsibility that the people had with their own economic security. The power of the federal government was strengthened, but the long-lasting effects based on the social and economic policies was beneficial for the United States. Herbert Hoover began
He first went with voluntary cooperated by persuading owners of healthy banks to loan money to the suffering banks. However, that did not work, so he modified his policy by supporting a government agency called the Reconstruction Finance Corporation (RFC), government loans to big businesses such as banks and railroad companies. This act/program made the bank failures to decline. Hoover knew he had to do more when the presidential election came up. So he then went more towards the government help by signing the bill that authorized the RFC to loan money to states who needed more resources for the needy and financial help of public work
His approach to the situation was received with much dissatisfaction among the population who instead voted in Franklin D. Roosevelt. Roosevelt promised a different approach through the New Deal. He implemented direct funding for most of the projects, and believed in deficit funding instead of volunteerism,which is what Hoover believed in. overall, Roosevelt and Hoover differed in their financial philosophies, and especially with jump-starting the American economy during the Great
He created the Reconstruction Finance Corporation help big businesses back on their feet (Oakes 724). He also increased government income and he distributed crops to those in need; this too, did not work (Oakes 725). According to Oakes, “Hoover’s policies increased the Depression’s severity.” (725).
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.
During the Great Depression, President Hoover had stood with his philosophy of limited government, which he believed the economy would recover on its own. Hoover would refuse to give handouts or provide financial donations, because he saw this as direct government aid. Instead, Hoover had asked for other American businesses to keep workers employed and continue production, and for all citizens to hold on tight and make it through these hard times by following “rugged individualism.” A term used by Hoover, a belief that all individuals can be successful on their own without much help from government aid. When tax revenues had collapsed because of the poor economy, in response Hoover raised the taxes, which caused more devastation to the economy.
Hoover President Herbert Hoover didn’t believe that it was the federal government’s role to provide direct relief. Instead he suggested voluntarism, asking corporations to improve working conditions and wages. Lowering income taxes was another idea promoted by Hoover. If people would spend less on taxes, they would invest in stock market and purchase products. Hoover refused against any form of a welfare program.
In result of the great depression, president Herbert Hoover fabricated the theory of “rugged individualism”, which is the idea that people succeed through their own efforts. During Hoover’s presidency he rejected the proposal of government action and relied on private charities and the local government to help feed and clothe those in need, he also did not want the government to create new jobs because that would increase government spending. Furthermore, congress passed the Hawley-smooth tariff which raised the average tariff rate to the highest it has ever been in American history. Moreover, the tariff aimed to protect American manufactures from foreign competition, however it also damaged American sales, this resulted in imports to cost
Millions had lost their jobs, their homes and they were hungry. The nation was in crisis and Roosevelt took advantage of this situation. During the 1932 presidential election, Franklin Delano Roosevelt promised a “new deal for the American people.” Roosevelt sent Congress several proposals to fight the Depression. These proposals collectively would become known as the New Deal.
He believed that it was the people’s responsibility to get themselves out of the depression since they got themselves into the mess in the first place. President Franklin D. Roosevelt on the other hand would interact with the people of America during the depression, FDR would actually get on the radio every week and talk to the people about what he had planned for them. The New Deal was FDR’s plan and It was designed to give people their jobs back and reduce the amount of the unemployed people in the U.S. However, the New Deal wasn’t specific on how it’d give the jobs back in fact the New Deal actually catered to white people, black people were stripped of their jobs and were replaced by white people.
The Harlem Renaissance was a black literary and art movement that began in Harlem, New York. Migrants from the South came to Harlem with new ideas and a new type of music called Jazz. Harlem welcomed many African Americans who were talented. Writers in the Harlem Renaissance had separated themselves from the isolated white writers which made up the “lost generation” The formation of a new African American cultural identity is what made the Harlem Renaissance and the Lost Generation unique in American culture because it influenced white literacy and it was a sense of freedom for African Americans.
However, while this is true (African Americans were not helped, unemployment had risen after the federal government stopped subsidising jobs), FDR’s New Deal changed the role of the federal government in American society from a quite passive role to an active one. Through the Great Depression, Hoover had a laissez-faire approach. This meant that the government lets America figure out the dilemma themselves. One of the most important key turning point of the New Deal was the change in the relationship between the government and the nation.
