He ran against Alfred Smith and won. Then, seven months later the stock market crashed and caused the start of the Great Depression. To attack the Great Depression, Hoover’s plans included tax cuts and public works projects. He wanted to keep money in the people’s pockets and keep them working. He also urges businesses not to cut wages or lay anyone off. In 1932, he backed the Reconstruction Finance Corporation that intended to help banks and industries recover. None of these methods helped and Hoover could only watch the poverty increase. One interesting thing he did was sign a law that made The Star-Spangled Banner, America’s national anthem. In the next election of 1932, the public blamed Hoover for the depression and as a result Franklin Roosevelt won. The Great Depression would continue for eight more years despite Roosevelt’s
He ran against Alfred Smith and won. Then, seven months later the stock market crashed and caused the start of the Great Depression. To attack the Great Depression, Hoover’s plans included tax cuts and public works projects. He wanted to keep money in the people’s pockets and keep them working. He also urges businesses not to cut wages or lay anyone off. In 1932, he backed the Reconstruction Finance Corporation that intended to help banks and industries recover. None of these methods helped and Hoover could only watch the poverty increase. One interesting thing he did was sign a law that made The Star-Spangled Banner, America’s national anthem. In the next election of 1932, the public blamed Hoover for the depression and as a result Franklin Roosevelt won. The Great Depression would continue for eight more years despite Roosevelt’s