The Hoover Administration And The New Deal

The United States encountered many ordeals during the Great Depression (1929-1939). Poverty, unemployment and despair clouded the “American Dream” and intensified the urgency for solutions to address and control the nationwide damage. President Franklin Roosevelt proposed the New Deal to detoxify the nation of its suffering. It can be argued that the New Deal was ineffective due to the inability to end the Great Depression with its short-term solutions and created more problems, however; it was successful in regards to providing direct relief for the needy, economic recovery and some structural reform for the majority of the general public in the severity of the Great Depression.

He believed that the Bank has to be abolished due to several reasons. First of all, the bank concentrated the nation's wealth in a single institution which created an unhealthy for the economy monopoly. Second of all, he believed that the bank favored the wealthy over the common people. The third reason was that the bank had too much control over members of Congress. In other words, the subsidy of the bank to one particular party or the lack of the finance could influence the results of the elections at some point. And the bank also favored northeastern states over southern and western states. Thus, Jackson succeeded in destroying the Bank by vetoing its 1832 re-charter by Congress and by withdrawing U.S. funds in 1833. This action led to federal money being put into state banks who then loaned it out freely leading to inflation. State banks were issuing paper banknotes that were not backed by gold or silver reserves which led to rapid inflation. Moreover, the expansion of credit and speculation took place. As a result, state banks collapsed which was a cause of the Panic of 1837. However, despite the crisis and depression, the liquidation of the Bank was an achievement of Jackson’s presidency and led to trivial of the economy later on.

Reform and reconstruction were represented by new regulations and monetary policies, it stressed the importance of change to make understanding principles of, “justice and fairness by those in whom leadership was placed,” and to correct conditions in the economy. (Bolden, 48). Other goals that the New Deal was set to accomplish were: helping the banking industry recover from its failure after the stock market crashed, lowering the unemployment rate from a record high of twenty five percent in 1932, and to restore the hope and confidence of the public. (Appleby, Roosevelt’s New Deal went about all of these in a similar means, but it was condemned and criticized by many for some of the programs that were installed.

Once President Franklin Roosevelt was elected during the Great Depression, his first 100 days enacted what he called the New Deal. This “deal” was a series of reforms that were meant to increase available jobs, better the working conditions, and put money back into the economy. Jobs offered during this time, as well as the relief, recovery, and reform efforts gave a kick start to the American economy, helping to pull us out of the Great Depression. Some examples of these efforts can be seen in the Civilian Conservation Corps (CCC), the National Recovery Administration (NRA), and the Social Security Act (SSA).

In February 1933, “the Senate passed a resolution calling for the newly elected president, Franklin Roosevelt to assume unlimited power” (Bailey, Beth, et al. “Chapter 22: The Great Depression and the New Deal.” A People and A Nation: Brief Tenth Edition. Vol. 2. Stamford: Cengage Learning, 2015. 632-667. Book. [Further: Bailey, Blight, and Chudacoff]). Through the New Deal, Roosevelt sought to “revive the economy through economic planning and relief programs” (Bailey, Blight and Chudacoff). These relief programs helped many Americans find jobs and ultimately restore the economy.

2. From the last 3 paragraphs of the speech, what does FDR credit the National

Ultimately the New deal programs did solve the issues that caused the great depression and it hoisted the U.S. out of the great depression and it gets millions back in employment. Many were happy with the effects of the great depression and it helped many live a better life. Just to show that it was successful is the fact that many of the New Deal programs still exist today including the FDIC, Social Security, and many

1930s: The Dust Bowl The 1930s did not at all resemble its precedent decade known as,“The Roaring Twenties.” America faced many obstacles and hardships during the 1930s. The Dust Bowl drastically affected people of the Midwest.

Throughout the next decade, the expenditures gradually incremented up to the point of $12 billion in 1941, almost four times the amount from 1929 (Document 16). This increased government spending would have been fine if it aided in government revenue and decreased public debt. However, neither of those categories improved; the excessive spending actually harmed the economy. The U.S. went from a $75 million surplus in 1929 to a $4.8 billion deficit in 1941 (Document 17). Furthermore, the total public debt augmented from $17 billion in 1929 to $44 billion in 1941 (Document 18). The cost to fund the New Deal project was massive. Not only did U.S. deficits and expenditures rise, the citizens who were supposed to benefit from the deal also suffered from increased debt.

Although FDR’s New Deal did not end the troubles of the Great Depression, it helped many of the people's suffering and reformed many issues that cause the economy to move in an upward

The Dust Bowl was one of the worst natural disasters that has affected the United States. This disaster along with the Great Depression had negative influences on agriculture, state populations, and finances including individual families and the government. However, in the face of all this commotion a few positive results occurred. People found jobs and a source of income and the government was able to bring the nation out of turmoil.

It was somewhat easy for him to get into the White House in 1929. There were a number of occurrences that helped him to be the president. Calvin Coolidge, the president in 1928, announced not to run for another presidency term. Hoover was naturally considered the presumptive Republican nominee for President. There was no great opposition, and he did not have to invest his time on campaigning to win the nomination. The election of 1928 went easy for him. The Democrat nominee was Al Smite, New York governor and a catholic. The country was not ready for a Catholic president. Hoover won 58% of the popular vote and 40 of the 48 states. He literally dominated the election. If I were a voter at the time, he would also vote for him without doubt. Simply, there were no better candidates who could beat over Hoover. He also did impressive public works for the government and citizens. In 1928, he deserved the result.

President Roosevelt had had enough with his failing country. His New Deal had targeted the problems of unemployment, health, and housing. These programs, actually worked. The Works Progress Administration worked fast to create as many jobs as it could. Most were building jobs, but no one complained they need the work. For years health had been horrible, and Roosevelt was not going to stand it anymore. One of his programs was the Fiod, Drugs, Cosmetic Act. This act enabled manufactures to list all items inside a product. This was so no one consumed something deadly. Another problem was housing, people were living in cardboard boxes. The United States Housing Authority, provide loans - from the government - to build low-cost public housing. America was on hr way to thrive once more.

Early in the year of 1929, the stock market crashed, leaving only panic and despair behind. Some thought that it would only be a short time before everything was normal once again, but that was not so. Hunger, death, and misery hung in the air, shrouding the dejected feeling that thrived everywhere at that time. People dreamed of “leaving this world of toil and trouble” claiming that their “home’s in heaven, I’m going there” (The Carter Family). Many gave up trying, and simply waited. After the Election of 1933, President Roosevelt and his administration focused on the Great Depression and trying to solve the problems of the nation’s corroding economy and society. Their solutions, The First and Second New Deals, solved some problems, but not

The Great Depression. What an odd name for one of the worst times during America’s history. After Herbert Hoover lost unanimously to Franklin Delano Roosevelt, FDR was dumped the problem of the Depression. During the “first 100 days” Roosevelt started putting his New Deal in motion. Roosevelt not only saved our banks, took a big part in the national debt being at its highest point. He also gave the American confidence in themselves and their government. Based on these easy to see facts, there is no way Roosevelt’s New Deal failed.