The US Hoover And The Great Depression

Herbert Hoover was elected president of the United States on November 19, 1928; unfortunately, less than eight months later, the stock market crashed. Hoover mistakenly considered this crash as only a passing point for America. But it was only three years later when economic slowdown and over speculation brought America into an upcoming Great Depression. This was a devastating blow for Hoover, his administration, and the American people. President Hoover attempted many ways to fix the economy. He founded new government agencies and encouraged cooperation between government and business to try to stabilize prices as well as attempt to balance the budget. These relief attempts might have shown positive outcome in the early years of the depression, but as the economy worsened, calls for more government involvement increased.

Because of the plague known as the Great Depression, Herbert Hoover is often seen as one of the worst presidents in American history. He enacted policies such as the Hawley-Smoot Tariff that flushed America deeper into the depression. Hoover didn't understand that to solve a crisis such as a depression, he needed to interact directly with the people by using programs such as social security and welfare. Instead, Hoover had the idea that if he were to let the depression run its course, it would eventually end. There are three things that can be used to define Hoover's presidency during the depression, his actions, his mentality toward fixing things, and the fact that he helped pave the way for the “New Deal”

The Great Depression was an economic downturn in America that lasted from 1929 until about 1939, making it the longest lasting depression ever experienced by the industrialized world. The stock market crash caused a chain reaction that involved problems such as unemployment, deflation, an increase in debt, and general poverty for lower class citizens. Attempts at escaping the depression weren’t altogether successful. In fact, most of the efforts resulted in high consumer debt as well as over optimistic loans given to the public by banks and business investors. The Depression caused severe political changes in the US as well as its obvious economic failures. After three years of the depression, Herbert Hoover lost the presidential election

In the 1920s, Americans were trying to figure out what was everyone’s role in society. During this time women started to take on bigger jobs then housekeeping and African Americans are finally standing up for their race. Once 1929 hit, Herbert Hoover, America’s newest president, was viewed as an ‘American Superhero’ at that time because of everything he promised society; however, America gets hit by the Great Depression leaving society in a hole. While banking systems were unstable and overproduction were leaving people bankrupt, Herbert Hoover was blaming Europe and was failing to keep society financially stable. As his presidency went on, filmmakers made film cycles and gangster pictures like Little Caesar that portrayed America’s corrupt society during the Great Depression. By the end of his campaign, Hoover was known as the worst American ever which led to the rising of Franklin D. Roosevelt in 1933. Roosevelt saw the struggling society as an opportunity to help his campaign in which he created the New Deal. America was given an opportunity that allowed them to look forward to the future. During Herbert Hoover’s presidency, America did not support the federal government, but after Franklin D. Roosevelt ran for president and promised a New Deal, they began to look more favorably on the government.

In the year of 1929 the stock market crashed and hurt many of the people in America as it continued through the rest of the 1930s and into the early 1940s. This left America in a whirlpool of poverty and despair. When the stock market crashed it led to The Great Depression. It led to being where one out of every four workers became unemployed no matter if they were skilled or not. People became homeless and were struggling to survive. They had to make new homes out of cardboard or whatever they could find, these were called “hoovervilles.” Most people didn’t have enough money to buy food to feed themselves or even their families. President Herbert Hoover did not seem to be going out of his way to help the country in any way. He was against most forms of government relief and he believed that the depression would come to an end on its own. Americans were very tired and frustrated with Hoover’s ways and so they elected a new president. They elected Franklin D. Roosevelt who

The Great Depression was a difficult time for all the American people. It was a time of unemployment, falling wages, and hope for recovery (“Chapter 27”). Some of the causes of the Great Depression were government policies, economic factors, and the gold standard (“Chapter 27”). Other reasons included the fall of the stock market, overseas investments, and the investments in Florida real estate (Farless). The president at the time of this difficult time was President Herbert Hoover. When the Great Depression started, Herbert Hoover took matters into his own hands. President Herbert Hoover came up with multiple recovery attempts.

A plundering devastation into the heart of America left thousands of American dreams and beings crushed by an invisible malefactor engendered no other than ourselves. The steps Herbert Hoover took during the Great Depression were not adequate to dig America out of the economy downfall. Programs that were created to put people back to work and avail state and local charities with aid didn’t benefit the majority of the population, compared to those who genuinely needed it. American citizens decreed Hoover’s presidency as the situation crescendo; not even all the way into the depression the public's ratings of Hoover were ostensibly low. In 1931, he pledged federal aid in case of starvation in the country; however he still had yet to witness the devastating starvation of Americans from all social stances and ages. He was rooted so deeply in his American philosophy that he could be viewed as neither intentionally ignorant nor merciless. Hoover grasped tight onto his political stance that hinder the efficient help he needed to provide while the Great Depression started to make a home in America; leading to the frustration and exasperation of American citizens.

Herbert Hoover did many things to try and combat the Great Depression. Despite Herbert Hoover failing at all of his attempts to bring the U.S. out of the Great Depression, he definitely put some ideas in future president’s minds for how to help the U.S. therefore he is the father of the new deal.

Thesis Question: President Herbert Hoover is often undermined and overlooked as an idle predecessor in comparison to the renowned Franklin Delano Roosevelt. Many people believe that it was Hoover’s lack of action that brought America to its knees before the Great Depression. Should Herbert Hoover be defined as the ineffective president accountable for the aftermath of the Stock Market Crash of 1929 or did he actually play an important role in alleviating the economic turmoil, but simply went unrecognized for his heroic contributions?

The Great Depression was that the stock market crashed and the banks failed on October 29, 1929; plunging the country into a severe economic downturn. The two long-term causes of the Great Depression were that coal lost 50 percent to hydroelectric, natural gas, and oil and there were no loans and credit. Workers started to lose jobs and could not expand business. In 1928 Hoover was elected and believed in voluntary cooperation, rugged individualism, and the economy would cycle through this downturn. This prolonged the depression by the government not doing anything. In 1933 FDR was elected president and he came up with the New Deal which was aiming to restore some measure of dignity and prosperity to many Americans. The New Deal was a success

As most of you should know Herbert Hoover was president at the beginning of the great depression. How did you think hoover responded to the great depression? Well Hoover thought America could get through the great depression the great depression by hard work . Hoover also tried to boost the economy by creating jobs but it didn’t work and people started to lose faith in Herbert Hoover. Soon these little towns of poor unemployed people where called

The great depression hit everyone, crippling the economy and killing the working class. While President Herbert Hoover inherited much of his predecessors failing policies, he also took on most of the blame. Most saw him as insensitive to the millions of suffering Americans which led to his defeat in the following election to President Franklin Delano Roosevelt. President Roosevelt came up with the plan the new deal to help the economy recover, reform it, and relieve it and in the new deal there was the Agriculture Adjustment Act, Securities and Exchange Commission, and the Social Securities Act.

When Herbert Hoover was elected as the 31st president of the United State, no one back then could of foreseen the hard times that were about to take place only seven months after he was sworn into office on March 4, 1929. From 1929 to 1932, the Hoover Administration had to deal with the early effects of the Great Depression, the culture and escape from the realities of life, and the politics and economics created by the Great Depression.

President Hoover’s policy was acceptable because even though things turned out rough he tried his best to as president to change it all when he had the chance. He did this by persuading people to think positive, and be confident that the Great Depression would be over soon. Hoover also did his best to change poverty, along with the environment people were living with.

Moreover, by mid-20s, stock market were the largest playground when about 3 million Americans bought stocks with money borrowed from the bank, also known as “buying on margin” which is the same method as the installment plans, but without having general knowledge about its real value nor their own profit value from the stocks they bought, there was just only one thing in their mind: “The more stocks you buy the faster you are going to be rich” and that is what matters to them, but the banks themselves favored real estate investment over commercial ventures, which was to open more opportunities for private businesses. Thus, if the market goes down and holders decide to sell his or her stocks then there would be more sellers than buyers and the