Hoover And Roosevelt Response To The Great Depression

The great depression was an economic slump that contributed to the loss of jobs,homes, and families. It was how that later presidents help America get out of the economic slump that was remarkable or not. Both presidents, Hoover and Roosevelt responsed differently to the panic of America The effects of the great depression were detrimental and effected all across the world, yet mostly america. Also, the great depression lead up to the new deal and later started the second world war. Stock Market Crash of 1929 was one of the main contributors of the great depression. The stock market was a place where people placed money on stocks and bonds but once it crashed people ran to their banks to claim there money but they could not because the bank ended there money out to people to use in the stock …show more content…
One president Hoover was regarded as a “do-nothing president.” He insisted no one was starving; however Hoover was in denial. Some small poor towns were called Hooverville because they showed how he did nothing to help the poor. Also Hoover did not believe in government handouts, so nothing he did to help the poor. Once the public seen that Hoover didn’t have the political knowledge they thought he had, they began making signs of families in ditches and making jokes about the poverty that he was doing nothing to help solve. Unlike Hoover who ignored the growing poverty, Roosevelt created The New Deal. The New Deal concentrated on three areas: Relief, which provided food and jobs for those who were really struggling. Recovery, which helped rebuild the economy and made sectors that help get America out of the great depression. Lastly, reform to change the laws and regulate the economy by doing this is made sure that future economic deficits would not occur. Overall, Roosvelts the New Deal helped the struggling americans, and helped from this happening