Throughout history there has always been an established government of some sort, not exactly the type we view today, but a sense of governing and power that the people of the past and those of today could rely on. Focusing the scope on America, we have always relied on our government to represent our voices, lead a fair democracy and manage our society. This was shown clearly in the Presidency of Hoover compared with that of Franklin. D. Roosevelt in a sense that a country not only demands but needs Government control especially in times of need. After the great depression many people started loose not only confidence in the economy but in the government as well. So when the election of 1933 commenced and F.D.R started to propose that
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The AAA (Agricultural Adjustment Act) which raised crop prices and ended the overproduction and debt that plagued many farms of the west; and one of the most important the FDIC ( Federal Deposit Insurance Corporation) which insured bank deposits of $5000 and indemnified the restoring of banks and the increasing of the peoples’ confidence. This direct involvment of the goverenment to fix the dire plights of the people and country is needed and without a strong and established goveremnet we would not have a balanced economy. It is proven that the diregard of Laissez-Fair economics at this time didn’t show a favoring of socialism but essentially strengthened capitalism and helped institute the post-World War II flourishing of the economy. This spurring of the economy or “pump-priming” was produced by the responsibility the government took over its …show more content…
All while proving an increase of confidence in the stock markets whose previous failing proved as the catalyst for the cascading term of events. Without the total support of the government such as the “hands off policy” advocated by Hoover’s presidency, where he believed that it was not the job of the federal government to intervene in the matters of economy and direct relief towards but consequently that the local and state governments should take on these tasks; we would still be in a standstill of poverty and misconception. This worsened the effects of the stock market crash and made Hoover and his ideals very unpopular and detested among the people of the U.S ; so much so that they started to call there makeshift housing areas
The AAA (Agricultural Adjustment Act) which raised crop prices and ended the overproduction and debt that plagued many farms of the west; and one of the most important the FDIC ( Federal Deposit Insurance Corporation) which insured bank deposits of $5000 and indemnified the restoring of banks and the increasing of the peoples’ confidence. This direct involvment of the goverenment to fix the dire plights of the people and country is needed and without a strong and established goveremnet we would not have a balanced economy. It is proven that the diregard of Laissez-Fair economics at this time didn’t show a favoring of socialism but essentially strengthened capitalism and helped institute the post-World War II flourishing of the economy. This spurring of the economy or “pump-priming” was produced by the responsibility the government took over its …show more content…
All while proving an increase of confidence in the stock markets whose previous failing proved as the catalyst for the cascading term of events. Without the total support of the government such as the “hands off policy” advocated by Hoover’s presidency, where he believed that it was not the job of the federal government to intervene in the matters of economy and direct relief towards but consequently that the local and state governments should take on these tasks; we would still be in a standstill of poverty and misconception. This worsened the effects of the stock market crash and made Hoover and his ideals very unpopular and detested among the people of the U.S ; so much so that they started to call there makeshift housing areas