The New Deal Vs. Hoover And The Great Depression

Improved Essays
The Stock Market Crash of 1929 on Wall Street led to the devastating Great Depression soon after revealing the flaws within American economy. President Herbert Hoover reacted by primarily depending on voluntary actions. The people reacted to his wage policies pretty negatively because they were ineffective. This affected the presidential election of 1932 because Hoover quickly became unpopular and was running out of ideas. Herbert Hoover challenged the economic depression more than any other president, however he thought that instead of involving the feral government, voluntary actions would relieve the situation. Because the government had always been relatively laissez-faire up until this point, Hoover decided to continue with that idea in mind. …show more content…
In the Bonus Army incident, Hoover showed a lot of carelessness towards the veterans, which confirmed his public image as “harsh and insensitive” (724). Loyal Republicans did renominate Hoover for a second term, however there was a new nominee on the ballot this time. Democrats confidently chose governor of New York, Franklin D. Roosevelt. The Democratic nominee entered the presidential race with a new idea of how to overcome the depression effectively. In his campaign, Roosevelt promised “a new deal for the American People”, speaking in broad terms (724). He stated that his first move as president would be to relieve unemployment and conserve social welfare programs. As unpopular as Hoover was, Roosevelt easily beat him in the popularity contest with his outgoing personality. But before Roosevelt could take it away, Hoover remained in his presidency for four more months, which were the most miserable of the depression. Soon, President Roosevelt’s launch of the New Deal called for immediate action to save the American

Related Documents

  • Improved Essays

    On March 4, 1933, Franklin Delano Roosevelt was sworn in as the President of the United States of America. On this day, he gave his first inaugural address to the American people. He pledged “an end the bureaucratic stagnation that plagued the administration of his predecessor.” (Pbs). He promised to lift America out of the worst economic depression, it had ever seen with rapid action. Roosevelt won the Presidential nomination over Herbert Hoover by an outstanding margin.…

    • 1091 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Great Depression Economics

    • 1642 Words
    • 7 Pages

    Interestingly, given the importance of the Great Depression in the development of economic thinking and economic policy, economists do not completely agree on what caused it. A worldwide depression struck countries with market economies at the end of the 1920s. Although the Great Depression was relatively mild in some countries, it was severe in others, particularly in the United States. Some people starved; many others lost their farms and homes. Homeless vagabonds sneaked aboard the freight trains that crossed the…

    • 1642 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Herbert Hoover Downfall

    • 2070 Words
    • 9 Pages

    In a time of great need, FDR stepped up to the plate and through experimentation, brilliance, and strategy; he ultimately saved the United States of America by delaying the Great Depression and turning the tides. In 1928, Herbert Hoover, a republican candidate, ran for president. Little did Herbert Hoover know, the country was about to fall into the worst economic depression the country had ever experienced. Herbert Hoover won by a record margin of 444-87 in the Electoral College with forty states supporting him. No…

    • 2070 Words
    • 9 Pages
    Improved Essays
  • Improved Essays

    Late in the 1920s American companies began to slow down production, they reduced their purchases of raw materials and supplies from Europe; a result many European economies were weakened. Foreign countries were unable to pay back the debt because America stopped purchasing over sea products. The Hawley Smoot tariff of 1930 imposed rates to increase significantly, which angered foreign governments. They retaliated by creating their own trade restrictions, adding to the limitations on American goods, especially on agricultural products. Even though the collapse of the stock market in October 1929 is considered to have triggered The Great Depression, it alone was not responsible for the economic decline; it merely revealed the underlying causes and let them play out.…

    • 805 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    All of this was encompassed under his New Deal programs. In his first hundred days in office, FDR enacted dozens of bills and programs in hopes of lifting the people of the United States out of the Depression. However, these efforts proved futile, as the economic standing of the United States did not improve. Higher taxes, lack of wage increases, and lack of industrial production caused by the programs of Franklin Roosevelt’s New Deal helped plunge the United States into a deeper economic recession. President Roosevelt believed that some of the root causes of the Great Depression was the excessive competition; competing businesses lowered prices of their products which…

    • 923 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    President Franklin Roosevelt and President Herbert Hoover were more different than they were similar. They both tried to stop the Great Depression. They also were looking for new ways to make America a better social and economic country. Nonetheless, President Herbert Hoover's popularity was falling as voters felt and he was unable to reverse the economic collapse or deal with prohibition. His policies during his presidency were ineffective causing unemployment reaching as high as 25-30%.…

    • 330 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Industrial Revolution Dbq

    • 1407 Words
    • 6 Pages

    This made the prices of the stocks fall, which then made the New York Stock Exchange close for ten days. Robber Barons were also an important feature of the industrial revolution a group of three men changed the era completely. These three men where Jay Gould, Jim Fisk, and Daniel drew one thing that these three men are highly known for is how they were able to give advice to President Ulysses S. Grant and were able to have General Daniel Butterflied appointed to the head of the sub treasury. Butterflied along with Fisk and Gould were in on this together because they wanted to make profit on the New York gold market mainly by hoarding the gold. There actions caused a bad backlash within the market, on September 24th, 1869, which was then known as Black Friday.…

    • 1407 Words
    • 6 Pages
    Superior Essays
  • Great Essays

    In this essay I will argue that the economic depression got the Nazis to a powerful position in the Reichstag, however when the economic depression declined the amount of votes that the Nazis obtained also decreased in the Reichstag elections. Therefore the economic depression did not make Adolf Hitler Chancellor but other main factors including the oratory skills of Hitler, the propaganda campaign of Goebbels and the fact that Hindenburg and Von Papen thought that they could control Hitler once he was Chancellor. The smaller extreme parties also would not work together although combined they could have had more support than the Nazis. The Treaty of Versailles also contributed to Hitler’s rise to power as the German people were still angry…

    • 1947 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    Gerald Ford's Presidency

    • 776 Words
    • 4 Pages

    When Ford took office the economy was in its steepest recession since WWII. Ford then proposed to cut federal spending and raise taxes, and for small amount of time he embraced voluntary wage-price freeze. When Gerald Ford became president the nation was in much trouble. The watergate scandal fought Ford on almost every matter. His Whip Inflation Now policy failed badly.…

    • 776 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    After Black Tuesday, millions of shares became worthless and investors who had bought on margin were “wiped out”(1). During the 1920s, Americans were always wanting more and more which lead to them buying things on credit that they could not afford to pay back. The greed of the American people led them to make reckless budgeting decisions that got them in huge debt that would weaken the American economy. The uneven distribution of income among the working class also contributed to the depression. According to Sarah Carroll, the average person’s wages stayed the same, despite the climb in prices for goods (3).…

    • 1262 Words
    • 6 Pages
    Improved Essays