Herbert Hoover

Hoover did very little. He believed that the economy would "right itself." He told America that "Prosperity is just around the corner." He did not believe that govenment should intervene in the private sector and, as a result, one third of the nation became unemployed.

1 term

Hoover went to West Branch (Iowa) Free School in Iowa and

Friends Pacific Academy (now John Fox University) Newburg, Oregon for elementary education . He did not get a high school diploma but passed the entrance exams at Stanford U and entered there. where he got a degree in engineering.

(Hoover always claimed to be the very first student at Stanford; he enrolled in it the year it opened, and may have been the first student to spend the night in one of its dormitories).

He thought the business cycle would correct itself.

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.

At first President Poover tried to organize national optimism by summoning business execs to DC to declare that conditions were sound and that there would not be wage cutting. When that did not work (stop the depression), he became inactive for a while, trusting to the idea that it all would self-correct. When that did not work, he organized an international moratorium in war debts and reparations. This actually did help stem the slide further into depression, but only briefly. Then he set up the Reconstruction Finance Corp. to bring federal aid to hard pressed banks and businesses. Just as it seemed that this might work and that recovery was at hand, in the winter of 1932-33 the banking system in America went into a tailspin. On March 4, 1933, the American banking system ground to a complete halt. Hoover was an able and intelligent president who attempted orthodox economic ideas, but became a victim to the collapse of the system.

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destroyed farmers rep on the streets in NY

The first time Al Smith and the second time Franklin D. Roosevel.

The country was in a terrible depression in 1932. The Republicans had held the presidency for 12 years. Roosevelt was more charismatic and made promises to change policies. The people decided to give him a chance and see if changes would help the economy.

one of the reasons Herbert hoover won the presidency in 1928 was because he told voters that he was the right choice to maintain economic prosperity. hoover boldly claimed that "we in America today are nearly to the final triumph over poverty than ever before in the history of any land." smiths campaign focused mainly on issues facing city dwellers. this concerned some rural voters. smith's religious faith also became an issue. he was the first catholic to run for president. his opponents stirred up fears that smith wold be controlled by the pope and other church officials. in the end, hoover won easily, gaining 58 percent of the popular vote.

His belief that the federal government could not give direct aid to individuals left millions without help.

volunteerism and localism

He believed that help for the needy should come mostly from private sources, their neighbors, their families and friends and from city , county and state governments. He did not think that well-fare was one of the duties of the federal government under the US Constitution.

Herbert C. Hoover was the President when the stock market crashed in October of 1929.

Hoover believed that the economy could correct itself if Americans remained confident, he also relied on voluntary actions from businesses to maintain this confidence. Lastly, he agreed to allow some government assistance to be used in efforts.

Hoover was alive during the great depression. He was rich enough that it did not personally affect his way of life.

They were poor

Yes. In 1928, America generally disapproved of Catholics. This has been true for most of the United States' history from colonial days to the modern era.

She was a stripper from penisland...

Hoover blamed the Depression on foreign economic collapse over which he had no control. Major European banks went bankrupt, causing alarm in other foreign banks. Great Britain went off the gold standard. The Bank of England no longer redeemed its paper money in gold bullion or coin. Investors feared that all paper money would lose its value so they withdrew $1.5 billion in gold from American banks. This further weakened the global economic situation.

Hoover did not believe it was the job of the national government to provide direct relief to those in need. That was the job of private charities, churches, and the state and local governments. He did believe in economic stimulus by providing aid to the banks, railroads, and corporations that drove the economy. Thus the Reconstruction Finance Corporation was enacted. It provided aid at the top in hopes it would allow business to continue to grow and provide jobs. FDR continued the RFC because it was successful at what it did. The shanty towns that resulted from the numerous unemployed were termed "Hoover-villes." The boxcar on which many unemployed rode looking for work were called Hoover Pullman cars. Hoover was also severely criticized for sending the troops to break up the shanty towns that had grown up around Washington, DC while veterans were asking Congress to vote them their W.W.I bonus that was not yet due.