Hoover's Approaches To The Great Depression

The Great Depression was a long term economic event that the American people experienced from 1929-1945. Many people were unemployed and unable to gain any incomes to support their families, leaving many homeless. Prior to the Depression, Herbert Hoover was elected in 1928 when the economy was still enjoying the Roaring Twenties. Hoover believed in three things which included rugged individualism, voluntary cooperation, and that the economy would experience had natural cycles. Hoover introduced rugged individualism which was individuals helping themselves. Next, Hoover introduced voluntary cooperation, which was individuals helping themselves with churches or charities. Hoover would soon be overwhelmed with the economic depression and his economic plans would not aid during his term. In 1928, America’s economy was still prosperous, but his wait and see approach was not a strong enough approach to overcome the depression. FDR, also known as Franklin Delano Roosevelt, was elected in 1932, the early period of the Great Depression. FDR believed in three R’s: relief, reform, and recovery in order to get the American people through this rough economic patch. His idea and belief was a “try anything approach” also known as the New Deal. The …show more content…
The U.S government should have the power, like FDR, to intervene and stabilize the American Economy during the crisis. Next, the well being of the American economy should be a priority of the American government. FDR had a try anything approach which was better than Hoover’s. In addition, FDR actually tried and attempted anything that was beneficial to the economy. Lastly, FDR did the best he could when the economy was at its lowest and created many programs that benefited workers. Til this day, programs that were put in place by the New Deal such as Social Security and unemployment benefits