How successful were Presidents, Roosevelt, Taft and Wilson in addressing America’s economic problems? (24 marks) America in the late 19th and early 20th century was going through tremendous growth, with mass immigration and the consequent rapid growth of cities and urbanisation, industrialisation and mass production. Teddy Roosevelt, Taft and Wilson, the 3 main presidents of the early 20th century are often known for their many achievements both abroad and at home, and economic problems are one of the many problems that they dealt with during their terms as president. This essay will touch on the economic problems in that era and how the presidents dealt with those problems. The first of the presidents Theodore ‘Teddy’ Roosevelt was a …show more content…
This shows how Taft might not have been all that successful in attending the economic problems, but at the same time shows how he may have been passive with the trust busting with the intention of future stability of the American economy. Taft showed more of his successful and unsuccessfulness with the passing of the Payne-Aldrich Tariff Act. The tariff was passed by Congress in 1909, and it was the first change in tariff laws since the Dingley Act of 1897. The issue had been blatantly ignored by Roosevelt during his terms and the Republicans wanted to revise the tariff downward. To do this Taft called Congress to a special session, and the bill was promptly passed, reducing rates. The senate substituted a bill which reduced the number of downward revisions and increased many others. This angered many and so a compromise bill was adopted which moderated the high rates that Aldrich had pushed for. Overall the tariff lowered 650 items, raised 220, and left 1150 unchanged. Although it was a push economic change, it was a largely protectionist move from Taft, showing that he had not much determination in fixing economic problems. But at the same time it shows that tariffs were needed to maintain some leverage in
Taft had many accomplishments as president, but many were not recognized. One accomplishment of Taft’s was 80 antitrust suits. During the Taft administration, more than twice the numbers of antitrust suits were instigated than under Roosevelt. Major victories were won against Standard Oil of New Jersey and the American Tobacco Company, the Sugar Trust and U.S. Steel. Roosevelt was generally supportive of these Taft actions, but not the move against Morgan and U.S. Steel; the former president criticized Taft by proclaiming that Taft was unable to see the difference between a good trust and a bad one. Also
William Howard Taft spent the majority of his presidency concerning himself with foreign policy and proving to be even more progressive than Roosevelt in terms of busting trusts. Taft was very interested in involving American politics to areas abroad, a foreign policy critics dubbed "dollar diplomacy". Along with the help of Washington, Taft encouraged Wall Street bankers to invest their superfluous money into foreign areas of strategic concern to the United States, such as the Far East and regions critical to the Panama Canal. Their investments would supposedly "strengthen American defenses and foreign policies, while bringing further prosperity to their homeland- and to themselves" (683). Taft's "dollar diplomacy", although not coinciding with the domestic progressivism norm exemplified by Roosevelt, was progressive nonetheless as it replaced the necessity of the big stick. Not only interested with matters abroad, Taft focused his eyes on the issue that made his predecessor famous, busting the trusts. In all, Taft brought 90 suits against the trusts during his four year term, largely outnumbering Roosevelt's 44 suit total in seven and half years. Taft's most famous and publicized antitrust suit was against the U.S. Steel Corporation. This suit also brought the most criticism, surprisingly by Taft's "creator", Theodore Roosevelt. Under Taft's control, trusts were
Analyze the responses of Franklin D. Roosevelt's administration to the problems of the Great Depression. How effective were these responses? How did they change the role of the federal government?
Hoover was beginning to demonstrate conservative beliefs even before the onset of the Great Depression. Document A shows Hoover’s wish to avoid being thought of as a complete supporter of laissez-faire ideas. He appeared irresolute when it came to preserving the capitalistic society of the 1920s. During this time, society was managed by corrupt political bosses, such as Tweed. The American economy had flourished under the private interest policies of Harding and Coolidge, which forced Hoover to promise the American people that he would not abandon the laissez-faire economics, which had been so successful during past presidencies. Hoover was sure, however, that working class Americans would not be opposed to restricting unfair business practices. Documents B and C depict Hoover’s lack of support for private interest or public purpose policies. In these documents, Hoover stresses the significance of individual interests
Compare and contrast Hoover and Roosevelt’s actions in the aftermath of the Crash of 1929. How did both administrations attempt to deal with the economic stagnation, social hardship and psychological impact of the depression? What needed to be fixed and which approach proved more successful? In your essay you should address not only the underlying economic and social problems that both administrations had to deal with and the various corrective measures they adopted, but also the underlying philosophical approaches of Hoover and Roosevelt and their supporters.
"Bigness not badness was the sin" (Miller). The biggest step that Roosevelt did using the Sherman Act was stopping the Northern Securities Company from having a monopoly on the railroad industry in the North. The Great Northern railroad company wanted to merge with the Northern Pacific railroad company. Even though this was a part of the railroad industry Roosevelt did not like where the merge might lead in the future, because he wanted to insure that other corporations could compete. He also broke up the Standard Oil Trust and the Tobacco Trust. He felt that they were getting too large and smaller companies had no where to go. In seven and a half years Theodore Roosevelt had 44 prosecutions using the Sherman Act (Howland).
The American History provides a predicament between the actions and different point of views of President Herbert Hoover and Franklin D. Roosevelt (FDR),in the new deal to save the American people during the Great Depression of the 1930s. In David M. Kennedy essay “FDR: Advocate for the American People” describes the difference between these two presidents, and also explains how the New Deal proposed by President Roosevelt help to deal with the chaos that whats’ happening at the time. The President FDR played an important role in bring reforms, and changing the way of life for many Americans. The New Deal stressed recovery through planning and cooperation with business, but also tried to aid the unemployment and reform the economic system.
The traditional view of Franklin D. Roosevelt is that he motivated and helped the United States during the “Great Depression” and was a great president, however, as time has passed, economist historians have begun analyzing Roosevelt’s presidency. Many have concluded that he did not help America during the Great Depression but instead amplified and prolonged the depression. Jim Powell wrote about FDR economic policies and did an excellent job explaining Roosevelt’s incompetent initiatives. Roosevelt did not know anything about economics and his advisors made everything worse by admiring the Soviet Union.
Furthermore, economics also played a key role in describing whether liberalism or conservatism triumphed in this era. President William Howard Taft encouraged a policy known as "Dollar Diplomacy" where the United States invested in foreign countries in order to gain power. This dollar diplomacy would make money for as well strengthen the US. Later Taft went on to become more of a trust buster than Roosevelt. His most noteworthy bust was the Standard Oil Company, one of the largest trusts of the time, which was ordered to be broken into smaller companies in 1911. He then went on to attack another one of the largest trusts, The US Steel company which Roosevelt had allowed to survive since he deemed it as a good trust. Roosevelt became furious as Taft when he heard of this. Taft then passed the Payne-Aldrich bill which he unwisely named "the best bill that the Republican Party ever passed" which split the Republican Party into old school/more
The Harding Administration, meant to promote business and industry by having lower taxes, and no government intervention, had flaws in it that actually made business worse. President Harding decided to appoint important jobs to Evans Hughes, Andrew W. Mellon, Herbert Hoover, and Harding’s friends from Ohio, which were known as the “Ohio Gang”. The bad thing about the Ohio Gang was these people were using their jobs to make money for their selves with bribery and illegal transactions. One of these corrupt “friends” were Colonel Charles R. Forbes, who sold Veteran’s medical supplies to make some money out of it. Another corrupt friend of Harding was Albert B. Fall. Fall was selling U.S oil lands. He was making a lot of money out of it and it
Our dear readers, we are here today to discuss the new policies of our President Woodrow Wilson against the trusts and businesses that support our economy. President Wilson was elected in 1912 and decided to continue the unchecked trust busting of Roosevelt and Taft. The two previous Presidents were known for their assaults on any and all trusts in our country, and their reign only hurt the American people, and sadly WIlson continued this attack as well. His charge on trusts harms the Free Market, hurts businesses and the everyday man, and expands the power of the Federal Government too far.
In the 1920’s the U.S. was experiencing a surge of technological, social, political, and economic development. These developments led to a brief period of economic prosperity that soon turned into a period of severe economic hardship, known as the Great Depression. At the time of the Great Depression, President Herbert Hoover refused to intervene and help. After several years of economic hardship, Franklin Delano Roosevelt was elected president of the United States and vowed that he would help the economy with a promise of a New Deal. As president, Franklin Delano Roosevelt enacted a set of policies known as the New Deal and the Second New Deal, as well as contributing to the nation’s European allies during World War II in an effort to support
The legacy that President Hoover passed to his successor was disastrous. The country experienced an unprecedented economic depression. However, in his speech during the presidential campaign in 1936, he expressed a deep concern that the New Deal is directed against the interests of ?poor Americans?[footnoteRef:2]. He also blamed the Roosevelt policy in violation of ?fundamental American ideals and liberties?[footnoteRef:3]. While Roosevelt was rebuilding America, Hoover attacked
Historians and scholars have often debated the success and failures of Franklin Roosevelt’s presidency since 1945. A number of scholars argue that he created jobs, boosted the economy, and helped America get back onto the road of becoming a great nation. On the other hand, it can be argued that his plans and ideas to create jobs only lasted for the short term and his acts created long-term problems. This paper will discuss Roosevelt’s life, his reforms, and both the positive or negative outcome those actions had on America. However, it must be stated, for the struggles America was going through, and the perseverance they held to triumph over their trials, was in part due to Roosevelt’s boundless leadership as president. Franklin Delano
Chapters 27 & 28 In this paper I will discuss the topics and issues presented in chapters twenty seven and twenty eight of America, A Narrative History by Tindall and Shi. I will discuss Normalcy and the Great Depression while exploring the contradictions of the "Roaring Twenties and the Jazz Age" during the conservative Presidencies of Harding, Coolidge and Hoover. The decade of the twenties went from an economic boom defined by the Roaring Twenties to financial disaster of the Great Depression. Each of these Presidents was involved in the transitions found during the twenties. Wether or not they were personally responsible for what transpired during their individual tenure is open for debate with a few exceptions. My personal insight is, our Presidents of the time made some horrific mistakes and mishandled some policies both foreign and domestic that did not benefit the common citizen as they did big business. In 1920, after World War l, Warren Gamaliel Harding was elected President of the United States. His promise was a "return to normalcy". The American people needed to hear this approach