1/17/2024 0 Comments 2nd and charles hoover![]() ![]() ![]() Roosevelt promised Americans a "New Deal" when he took office, and during his first "Hundred Days" as president, he signed a number of groundbreaking new laws. He asserted that he cared for common Americans too much to destroy the country’s foundations with deficits and socialist institutions. During his reelection campaign, Hoover tried to convince Americans that the measures they were calling for might seem to help in the short term, but would be ruinous in the long run. ![]() Hoover’s opponents painted him as uncaring toward the common citizen, even though he was in fact a philanthropist and a progressive before becoming president. Instead, he focused on volunteerism to raise money. He was inclined to give indirect aid to banks or local public works projects, but he refused to use federal money for direct aid to citizens, believing the dole would weaken public morale. But Hoover refused to involve the federal government in forcing fixed prices, controlling businesses, or manipulating the value of the currency, all of which he felt were steps towards socialism. His work focused on indirect relief from individual states and the private sector, as reflected in this letter’s emphasis on "support each state committee more effectively" and volunteerism-"appeal for funds" from outside the government.Īs the Depression became worse, however, calls grew for increased federal intervention and spending. He founded government agencies, encouraged labor harmony, supported local aid for public works, fostered cooperation between government and business in order to stabilize prices, and struggled to balance the budget. action." Since the crash, Hoover had worked ceaselessly trying to fix the economy. While Hoover wrote to Emmerson that "considerable continuance of destitution over the winter" and perhaps longer was unavoidable, he was trying to "get machinery of the country into. By July 1931, when the President wrote this letter to a friend, Governor Louis Emmerson of Illinois, it had become clear that excessive speculation and a worldwide economic slowdown had plunged America into the midst of a Great Depression. Most experts, including Hoover, thought the crash was part of a passing recession. The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover’s presidency. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |