Starting in late 1929, the cruelest and longest depression of the 20th century arose. Caused by the collision of the stock market. This was what is now known as the Great Depression. During this time, the economy was severely poor in the United States and also all around the world. During this time of profound crisis, two different presidents got the opportunity to serve the country, President Franklin D. Roosevelt and President Herbert Hoover. They both had different approaches towards the situation, even though they may have had a few similarities on the way that they approached the issue. President Roosevelt believed that the solution was to spend money on the economy and to pass many different federal funded programs, as a result
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People believed he was the ideal president to battle the great depression, because of his background and strong understanding of the economy. When the economy got worse he urged the citizens to volunteer, to make the economy better. He wanted to get everyone involved to fix the economy. He supported federal public works to stimulate the economy, asked strong banks to help weaker banks, asked farmers to help each other, and also asked business leader to keep wages up. As the depression started to get worse and worse, Hoover’s plan seemed not to be working. Bigger banks did not want to help out the smaller banks in need of help, that had no other option than closing, and farmers did not want to help other farmers. The Smoot-Hawley tariff was also passed in 1930, this was supposed to protect American industries by making imported goods more expensive; this caused a decrease in international trade, because all the other countries also raised the prices of their goods. Everyone blamed Hoover for the way he reacted to the situation and how he approached it. The Great Depression was still going on, and the economy kept getting …show more content…
The main difference between Hoover and Roosevelt’s method was that Roosevelt used federal funds and federal authority to design multiple of programs that would make the economy better, and would end the great depression. In the first 100 days of getting into office he sent many bills to congress, to cause an immediate fix on the situation. Roosevelt gave jobs to those that were unemployed, brought back the economy back to normal, and also created long term programs that improved the economy gradually. On the other hand, Hoover did not really take advantage of federal power; instead he encouraged volunteerism. He wanted citizens to help fix the economy. He assumed that too much interference by the federal government would terminate individuality and self-sufficiency among the citizens. The actions that Hoover took did not have a positive effect towards the economy; his plan did not work as premeditated. Both President Herbert Hoover and president Franklin D. Roosevelt wanted to take the United States out of the depression and make the country prosper in all aspects. They chose different ways of doing so. President Hoover failed, and President Roosevelt
People believed he was the ideal president to battle the great depression, because of his background and strong understanding of the economy. When the economy got worse he urged the citizens to volunteer, to make the economy better. He wanted to get everyone involved to fix the economy. He supported federal public works to stimulate the economy, asked strong banks to help weaker banks, asked farmers to help each other, and also asked business leader to keep wages up. As the depression started to get worse and worse, Hoover’s plan seemed not to be working. Bigger banks did not want to help out the smaller banks in need of help, that had no other option than closing, and farmers did not want to help other farmers. The Smoot-Hawley tariff was also passed in 1930, this was supposed to protect American industries by making imported goods more expensive; this caused a decrease in international trade, because all the other countries also raised the prices of their goods. Everyone blamed Hoover for the way he reacted to the situation and how he approached it. The Great Depression was still going on, and the economy kept getting …show more content…
The main difference between Hoover and Roosevelt’s method was that Roosevelt used federal funds and federal authority to design multiple of programs that would make the economy better, and would end the great depression. In the first 100 days of getting into office he sent many bills to congress, to cause an immediate fix on the situation. Roosevelt gave jobs to those that were unemployed, brought back the economy back to normal, and also created long term programs that improved the economy gradually. On the other hand, Hoover did not really take advantage of federal power; instead he encouraged volunteerism. He wanted citizens to help fix the economy. He assumed that too much interference by the federal government would terminate individuality and self-sufficiency among the citizens. The actions that Hoover took did not have a positive effect towards the economy; his plan did not work as premeditated. Both President Herbert Hoover and president Franklin D. Roosevelt wanted to take the United States out of the depression and make the country prosper in all aspects. They chose different ways of doing so. President Hoover failed, and President Roosevelt