Hoover's Economic Downfall

The world was in shambles, when Franklin Roosevelt took office in November 1932. Two years prior to Roosevelt taking office, On October 29th the biggest economic collapse took place. (2) President Herbert Hoover was forced into having what some people say the worst presidency. Many believed the Herbert was responsible, in some way for the economic downfall. Some even say that they named the Hoover dam after him because he “damned” the country. While in all actuality, The dam’s original the Boulder Dam, but the changed it back to the “Hoover Dam” to honor the 31st president. 1932, was the world 's barest economic time. Even the richest family were feeling the impact of the economy. It was not until Roosevelt started to work his magic. Anything …show more content…
The new deal was established in 1933, but was a work in progress. The new deal by definition is “action to bring about immediate economic relief as well as reforms in industry, agriculture, finance, waterpower, labour, and housing, vastly increasing the scope of the federal government’s activities.” Roosevelt’s first step was to re look prohibition so many Americans could buy beer again. (2) At this time in history many people needed a coupling method and beer was cheap and helped many coup. The next Act Roosevelt brought forward was the Tennessee Valley Authority, within this act he made the issues of dams on the Tennessee river impossible. This way the people of the county could receive inexpensive power due to the flooding that caused hydroelectric power. (2) At the same time congress was passing and signing the bill for commodity farmers. With this bill the farmers of wheat, corn etc. would leave their crops to end the surpluses, and boost prices. (2) Another act was the National Industrial Recovery Act. This act guaranteed that the workers could unionise the place of employment. This way the could reserve better wages and better working conditions. This act in the end helped founded the Public Works Administration. …show more content…
for example we still could of had prohibition, not have had social security. Roosevelt also brought us the NRA (National Recovery Administration) or the AAA (Agricultural Adjustment Act & Administration). (2) These two initiatives were enough to start a revolution. Roosevelt new how to be a leader in the time of need and proved it in his short eight years of president. Roosevelt did more than just placing programs in use. He changed the views of government and made changes that actually impacted the country. Roosevelt made a difference, at a time were we needed