1930s America Capitalism

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.

The Great Depression caused hard times throughout The United States. With the Presidential Election of 1932 approaching, Governor Roosevelt took a stand for the people and the economy. He believed that the government should protect its citizens from the economic hardships rather than wait for the economy to fix itself. On March 4th of 1933, Theodore Roosevelt became President Theodore Roosevelt and he launched the New Deal. With his New Deal enacted, he had three objectives, also known as the 3 R’s. He wanted to provide aid to the people, especially those unemployed (relief) and he wanted to help the farms and business get back on their feet to where they would be able to stand on their own (recovery). Lastly, he wanted to (reform) the government

With the economy at on all time low people wanted change, Roosevelt's legislative program represented a new way of government for capitalism in America. Roosevelt first used the term "new deal" when he accepted the Democratic presidental nomination in 1932. He said "I pledge you, I pledge myself, to a new deal for the American people." When Roosevelt became President on March 4, 1933, business was at a standstill and a feeling of panic hit the nation (World Book, Vol.14, p.200). Roosevelt responded with a controversial policy that rocked the nation and what our nation stood for. Roosevelt's New Deal programs aimed at three R's- relief, recovery, and reform.

Franklin D. Roosevelt’s plan helped make the economy get stable through programs that he started, helping create more jobs for the unemployed. He passed bills that helped both the American people and its environment. For example, new roads and bridges were built. Another one of FDR’S efforts to get out of the depression was to enter WWII. Document 6 shows a cartoon of how much was produced for the war and shows Uncle Sam working, too. Overall, FDR’s decision to enter the war was the greatest impact on the Great Depression because they got out of it. Herbert Hoover was a terrible leader in many Americans’ views because they believed he did not do enough for the people and was more supportive toward big businesses. He gave money to the rich so that they would pass it down to the poor but instead the rich got richer and the poor got poorer. Another downfall of Hoover was Hoovervilles. These were a collection of poor people without homes. The name was given as a disgrace to Hoover. In result, FDR was a more favored president during the Great Depression than Hoover.

After World War 1, America had to demobilize and revert back to a peace time economy. During the 1920’s, it was viewed as a prosperous economy since there was a new labor force due to demobilization, new inventions, and a new infrastructure. Also moral spirits were high since America along with the Allied Powers defeated Germany and the Great War was finally over. However, America began making many economic policies and decisions that will eventually lead up to the Great Depression.

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”

President Herbert Hoover was the president in office during the Great Depression. Herbert Hoover did not recognize the stock market crash as severe as it was. During the tragedy President Herbert Hoover made many unsuccessful attempts to fix the economy. President Hoover’s response to the Great Depression was insufficient in the ways that he took little to no government action. President Hoover loaned money to corporations and state businesses, at the same he advised corporations to not cut wages or lower the production rate, considering that it was highly necessary. Franklin Delano Roosevelt had a plan set that would throw Hoover out of office and to fix the economy, which Hoover had limited

In 1929, the United States Stock Market crashed, heralding the tumble into world-wide depression. President Hoover tried to pacify the people by telling them it was temporary and would pass over. But a new figure rose out of the people, promising he would do anything and everything he could to restore their lives. In 1932, Franklin D. Roosevelt was elected to the presidency, and his new policies would soon sweep over the country. Roosevelt's responses to the problems of the Great Depression were successful in strengthening the power of the federal government and instilling hope in the public, yet were unsuccessful in that they did not help him achieve his intended goal: the restoration of the economy. His responses were, however,

Following World War I, Americans were left with scarce amounts of job openings and a poor economy. Several were left fearing the communists, who the Americans believed were going to overthrow the government. This caused Americans to resent those who were not accepting to return to the “traditional” American values. With the 1920’s, there came both a rise in conservatism and liberalism, but only one was revolutionary, described by Merriam-Webster.com as,”Constituting or bringing about a major or fundamental change.” Furthermore, different presidents advocated for different political stances. Republican Presidents, Warren Harding and Calvin Coolidge, advocated America to have a conservative government and return to normalcy, while Republican

This lack of complete dedication to private interest or public purpose is further displayed in Documents B and C where Hoover stresses the importance of the individual in ending the Depression while also assuring government support for job production if the situation required it. Hoover's speeches are remarkably similar to Roosevelt's speech in Document E. Here, even during the Depression, Roosevelt stressed the importance of balancing the budget unless unemployment required the government to spend money stimulating the economy. Instead of Hoover's desire to continue restricting government, Roosevelt wanted to balance the budget. The Depression created the need for government intervention and an unbalanced budget as shown in Document F. However, despite a few efforts by Hoover to create jobs, he still seemed much different than Roosevelt who insisted in 1936 that America must not go back to supporting Conservatives who protected private interest unjustly. (Document G)

The era of the Great Depression was by far the worst shape the United States had ever been in, both economically and physically. Franklin Roosevelt was elected in 1932 and began to bring relief with his New Deal. In his first 100 days as President, sixteen pieces of legislation were passed by Congress, the most to be passed in a short amount of time. Roosevelt was re-elected twice, and quickly gained the trust of the American people. Many of the New Deal policies helped the United States economy greatly, but some did not. One particularly contradictory act was the Agricultural Adjustment Act, which was later declared unconstitutional by Congress. Many things also stayed very consistent in

After the Depression Hoover had some strategies he used to try and fix the economy, but they did not play out as smoothly as he would have liked them too. Roosevelt 's approach to fix the economy was more uplifting to the people in almost every aspect. Even their campaign songs, Roosevelt’s was about Happy Days coming again, and Hoover’s was about the depression. Roosevelt proposed a “New Deal” to the people and manny clung to it. His deal was that he was going to start experimenting with government roles. WHat he means by this is that he promises to increase government help and use the power of the government to address the people’s issues. Although, he did not explain how he was going to fix things such as unemployment and and improving the stock market in

In response to the Stock Market Crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous President, Hubert Hoover. Hoover allowed the country to fall into a complete state of depression with his small concern of the major economic problems occurring. FDR began to show major and immediate improvements, with his outstanding actions during the First Hundred Days. He declared the bank holiday as well as setting up the New Deal policy. Hoover on the other hand; allowed the U.S. to slide right into the depression, giving Americans the power to blame him. Although he tried his best to improve the economy’s status during the

When World War I ended in 1918, it had many unforeseen economic consequences. Despite a stable economy when entering the war, the political consequences of World War I helped to spread and exacerbate the Great Depression. After the war, Germany had millions of dollars in reparations to the winning countries. France and Great Britain had massive damage to their countries and cities, all of which required rebuilding. The United States recognized a need and was more than willing to lend to these countries. When the Great Depression hit in 1929, U.S. banks started to fail, and began to call in these foreign loans and refused to lend more. Results of the Great Depression include a decline

When President took office in March of 1932 he had an idea of a plan, which would have to develop over time, which was the "New Deal for the American People". He believed that if this plan went through, it would solve the problem of the Great Depression and restore the American economy. President Roosevelt's New Deal that took time to develop included programs that would help the unemployed get jobs, social security issues such as welfare, and housing and agricultural recovery. Roosevelt also included programs to help the banking system. President Roosevelt's New Deal failed to restore the economy as Roosevelt had hoped it would, but in turn it helped the people that suffered the most from the Great