Hoover blamed the Depression on foreign economic collapse over which he had no control. 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 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.
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.
roosevelts approach to the great depression was that he was ready to experiment with governments actions to deal with the nations crisis
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
He was voted out of office before his plan could work. It takes some time to end a great depression.
Hoover's belief in rugged individualism shaped his policies based on self government and equal opportunity with little charity.
Hoovervilles were shantytowns during President Hoovers term also during The Great DepressionYes, they were places where homless, jobless people lived. They consisted of small shacks. This was during the 1930's (The Great Depression)
allow voluntary actions to resolve it
roosevelts approach to the great depression was that he was ready to experiment with governments actions to deal with the nations crisis
He was an engineer who took a practical approach to the problems during the "Great Depression". He wanted to see a nation built of farmers and home owners.
Hoover bailed out the failing banks and big businesses with Federal money. The result was a market crash, and the Great Depression.
A Hoover pocket, also called a Hoover flag, was when people would pull out the flaps of their pockets to show that they had no money. It originated from the Great Depression.
beacuse during great depression they blamed him for it so great
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
He was voted out of office before his plan could work. It takes some time to end a great depression.
Hoover's belief in rugged individualism shaped his policies based on self government and equal opportunity with little charity.
President Hoover (begining and was blamed for it.) president Theodor Roosevelt (Last part and honored for fixing the economy.)
Hoovervilles were shantytowns during President Hoovers term also during The Great DepressionYes, they were places where homless, jobless people lived. They consisted of small shacks. This was during the 1930's (The Great Depression)
Relief, Reform & Recovery!