Hoover Economic Failure

The Great Depression, started in 1929, shantytowns showed up over the U.S. as jobless individuals were expelled from their homes. Urgent for protection, residents constructed these shantytowns in and around urban communities. These towns were called Hoovervilles, after president-Herbert Hoover. Hoovervilles were close to waterways for a water source. Some were laced with farms, and some families managed to bring furniture from their previous home. Nevertheless , Hoovervilles were commonly troubling and unsanitary. In spite of the fact that a typical factor among Hoovervilles was joblessness, tenants took any work that was accessible, normally backbreaking, sporadic jobs like harvesting or pressing.

On August 10, 1874, in West Branch, Iowa the future 31st president was born. Herbert Hoover grew up in a small Quaker village in Iowa and his father, Jesse Hoover, was one of the village blacksmiths and merchants and was very well known. Hulda Randall Minthorn Hoover, his mother, was active around the town with helping others and she was a minister in the Society of Friends. Sadly, Both of Hoover’s parents died when he was fairly young, his father died in 1880 and later his mother in 1884. From this point forward, his career was just beginning. During his career, he was a Presidential Administrator, he helped the U.S during World War 1, and eventually became President

A plundering devastation into the heart of America left thousands of American dreams and beings crushed by an invisible malefactor engendered no other than ourselves. The steps Herbert Hoover took during the Great Depression were not adequate to dig America out of the economy downfall. Programs that were created to put people back to work and avail state and local charities with aid didn’t benefit the majority of the population, compared to those who genuinely needed it. American citizens decreed Hoover’s presidency as the situation crescendo; not even all the way into the depression the public's ratings of Hoover were ostensibly low. In 1931, he pledged federal aid in case of starvation in the country; however he still had yet to witness the devastating starvation of Americans from all social stances and ages. He was rooted so deeply in his American philosophy that he could be viewed as neither intentionally ignorant nor merciless. Hoover grasped tight onto his political stance that hinder the efficient help he needed to provide while the Great Depression started to make a home in America; leading to the frustration and exasperation of American citizens.

Towards the end of the 1920’s the economy in America took a drastic turn. This was when Calvin Coolidge’s presidency had ended and changes in the government began to take place. “Just seven months after Herbert Hoover entered the White House, economic trouble mocked his campaign statement about being near ‘the final triumph over poverty.’ On October 24, 1929 panic swept the New York Stock Exchange as nearly 13 million shares changed hands” (Hamilton). The start to Hoover’s presidency was also the start of the Great Depression. His term consisted heavily on working on taking steps to bring America out of the drastic economic fall that they had just entered. He began taking action by launching public works programs, tax reductions, and the formation

During the roaring 20s, the role of the U.S. government had essentially created the proper needs for the well being of our developed country. The U.S. began to imperialize during the early 1800s. This, in turn, benefited the country's own desire for a stronger military strength, thirst for raw materials, cheap labor, markets, and the belief of overseas expansion/nationalism. Before and after the Great Depression, there have been times of chaos and forms of major advancements that the American economy has come along. Herbert Hoover, for example, made little progress for his fellow Americans during his presidency and blamed the crash of the market as an inevitable economic cycle. On the other hand, his successor, Franklin D. Roosevelt was optimistic

     With the continually worsening conditions, and the stock market crash on Black Tuesday, October 29, 1929, the United States was thrown into the biggest economical disaster of our history. Everyone, excluding the rich upper class, became poor and most unemployed. The majority of the American populace found themselves living in ‘shantytowns’ or ‘Hoovervilles’ as they later became to be known, which consisted of many cramped shacks constructed from whatever was available. This meant old burnt-out cars, cardboard boxes, random pieces of lumber, and anything else that people could find. Times truly were tough. It was a daily

During Herbert Hoover’s administration any mistakes were made after the Stock Market crash. After the crash during the depression Hoover took action but made a few mistakes along the way. Many of Hoover’s acts were passed by congress and signed by Hoover himself. His worst offense was the Smoot-Hawley Tariff, which raised tariffs. The raising of tariffs was the worst possible thing that could have occurred. Hoover tried his best to reassure the country that the economy would become improved, although it actually worsened. To improve things after the crash Hoover prepared all Federal Departments to speed up public works. He did this with hopes to generate supplementary jobs and bring back the economy. As well, Hoover asked congress if they would reduce spending, and use what was no longer required to restart public works. Unfortunately for Hoover a collapse in Europe and a change in foreign trade caused prices for United States manufactured goods and farm equipment. After this occurrence President Hoover asked congress once again for more money, his time he wanted the money for farm loans and to establish the Reconstruction Finance Corporation, which would be used to help buildings in need as well as banks and railroads. With all of Hoovers efforts by July 1932 the Depression began

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.

In the 1920s, Americans were trying to figure out what was everyone’s role in society. During this time women started to take on bigger jobs then housekeeping and African Americans are finally standing up for their race. Once 1929 hit, Herbert Hoover, America’s newest president, was viewed as an ‘American Superhero’ at that time because of everything he promised society; however, America gets hit by the Great Depression leaving society in a hole. While banking systems were unstable and overproduction were leaving people bankrupt, Herbert Hoover was blaming Europe and was failing to keep society financially stable. As his presidency went on, filmmakers made film cycles and gangster pictures like Little Caesar that portrayed America’s corrupt society during the Great Depression. By the end of his campaign, Hoover was known as the worst American ever which led to the rising of Franklin D. Roosevelt in 1933. Roosevelt saw the struggling society as an opportunity to help his campaign in which he created the New Deal. America was given an opportunity that allowed them to look forward to the future. During Herbert Hoover’s presidency, America did not support the federal government, but after Franklin D. Roosevelt ran for president and promised a New Deal, they began to look more favorably on the government.

Herbert Hoover did many things to try and combat the Great Depression. Despite Herbert Hoover failing at all of his attempts to bring the U.S. out of the Great Depression, he definitely put some ideas in future president’s minds for how to help the U.S. therefore he is the father of the new deal.

Herbert Hoover served as the thirty-first President from 1929 to 1933 where he was succeeded by Roosevelt. Hoover was the United States President during a troubling time for many Americans; the Great Depression. Hoover gained a “reputation as a humanitarian in World War I by leading hunger-relief efforts in Europe as head of the American Relief Administration” (biography.com). Hoover was also the U.S. secretary of commerce before he served time in office. Hoover was a known humanitarian and organized many relief efforts. Hoover has many other published works such as The Memoirs of Herbert Hoover: The Cabinet and the Presidency, The Challenge to Liberty, The Problems of Lasting Peace, The Ordeal of Woodrow Wilson, Principles of Mining, and Fishing

The depression, however, was not only in the United States. Countries all over suffered from World War One as well. Depression spread and unemployment continued to skyrocket. Poverty spread, people lost their money and homes and struggled to feed their families. People moved from town to town just searching for work. In desperate need of food, women would even grow their own food to feed their family. The homeless often lived in shacks, nicknamed ‘Hoovervilles’ after President Hoover. Although Hoover felt a deep concern for the homeless and unemployed and as much as he tried to restore the confidence of the nation, he felt that the government should not become directly involved in helping restore the economy. He felt it was up to the people to end this depression, which was spiraling out of control. He opposed government relief programs and urged business leaders to keep workers employed and maintain wages. He also had called on churches as well as private charities to help the needy and set up soup kitchens (seen in document 4). Hoover also set up public works programs, which provided jobs and helped the government at the same time. He also approved the Reconstruction Finance Corporation, which would loan money to railroads, banks, and insurance companies to help them stay in business. Although Hoover had tried to help the economy, it had little effect. The depression continued to deepen. Hoover, however, was

The 1929 Stock Market Crash "We’d like to thank you, Herbert Hoover/ For really showing us the way/ You dirty rat, you Bureaucrat, you/ Made us what we are today (www.stlyrics.com)." These lyrics from the musical Annie place the blame for the 1929 Stock Market Crash solely on the then former president Herbert Hoover. The truth of the matter is that placing the blame for the Stock Market Crash on Mr. Hoover is very unfair. Herbert Hoover was only one of many causes of the Stock Market Crash. It is easy to try to place the blame for one of the most destructive events in the history of the American economy on one person, but the real causes lie in the rampant speculation, the lack of regulation of the stock market, and the questionable ethics of many of the companies and brokers that were involved in the market. Although the 1929 Stock Market Crash is generally blamed on a few scapegoats, it was actually caused by a multitude of factors, which makes finding a scapegoat impossible.

Money markets slammed on October 1929 and this is what caused the Great Depression to happen. For a length of time the country was at the point where signs of troublesome were shown such as joblessness; which turned out to be a gigantic issue for the Americans as well as for different nations. “By 1933, unemployment was at twenty-five percent” (FDR). Never had the highs been higher and lows been lower for the economy. With cash going away individuals started to live in hardships with no real way to earn money. Hoover being president at the time, had great hopes for the economy of America, once this catastrophe hit he was not necessarily blamed for the troubles happening. The nation reacted to The Great Depression in many ways. People were let down by President Hoover which effected the economy, children began to impact society, and families fell apart. Some people turned to music, while others turned to violence.

The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover’s presidency. Most experts, including Hoover, thought the crash was part of a passing recession. 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