While not believing in charity by the government, Hoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. All of these things could not stem the tide of the economic collapse. Hoover believed in a balanced budget and not pumping government money into the economy. He believed in "rugged individualism" and relied on the individual, the churches and private charities, and the local and state governments to handle most of the economic help that was needed.
Hoover could have looked at the presidency of Cooloidge and realized taking action is the opposite of what he could have done!
Herbert Hoover - http://www.u-s-history.com/pages/h1580.html
Herbert Hoover had just become President in 1929 when the Great Depression began. His ineffective response led to his defeat by Franklin D. Roosevelt in 1932.
Herbert Hoover
Herbert Hoover was the president when the great crash hit Wall Street in 1929.
Herbert C. Hoover was the President when the stock market crashed in October of 1929.
Herbert Hoover - http://www.u-s-history.com/pages/h1580.html
President Herbert Hoover
Herbert Hoover had just become President in 1929 when the Great Depression began. His ineffective response led to his defeat by Franklin D. Roosevelt in 1932.
Herbert Hoover
Herbert Hoover
Herbert Hoover
Herbert Hoover was the president when the great crash hit Wall Street in 1929.
Herbert C. Hoover was the President when the stock market crashed in October of 1929.
Herbert Hoover was president from 1929 to 1933. He took office March 4, 1929, just months before the stock market crash in October 1929.
Herbert Hoover was president when it became obvious that the economy was in a depression.
Herbert Hoover was President when the Great Depression began. Franklin Roosevelt was President when the Depression ended.
during the great depression and when herbert hoover was president