President Hoover's Lack of Action in the 1920's

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Recommended: Herbert Hoover's role in the great depression

President Hoover, a determined republican, who faced the impossible task of the Great Depression. The late 1920’s economy was full of superficial prosperity and credit, and an unleveled playing field to most Americans. This causes the fortified nation to unravel at the seams. Speculators were buying on margin and selling at an artificial price. These speculators set up the stock market to plummet. Hoover dwelled his success on his rugged individualism that did not believe in direct federal aid to the people. Hoover should be blames for the worsening of the Great Depression not because he started it, but rather, because he was not able to fix it. Despite having the power of the government behind him, Hoover was unable to launch public programs on a large enough scale to help the masses. The government was not ready for such a collapse, for there was no protocol for such an event. Keep in mind Hoover’s political affiliation, dictated the establishment of the RFC. Reconstructive Finance Corporation provided relief to the companies rather than the people. He refused to provide welfare to the common person. Direct relief was not going to happen, but he did establish Federal Home Loan Bank Act. He believed that the government was not enacted to provide charity, but churches or non-government organizations. Hoover was a little too late on his attempts to do in aid to the citizens.
Herbert Hoover was not born with the world in his hand. He crawled his way to the top, achieving the American dream. From his life experiences, he derived rugged individualism. It consists of hard work to achieve your goals. He finished school through work and night school. Hoover enrolled at Stanford the year that it first started, when he graduated with a d...

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...b. 20 Mar. 2014.
Pet Museum. "Herbert Hoover Biography." Presidential Pet Museum. Pet Museum, n.d. Web. 23 Feb. 2014.
Ratner, Sidney, and Jane Kennedy. "The Ludwig Von Mises Institute." The Hoover New Deal of 1932. The Ludwig Von Mises Institute, n.d. Web. 23 Feb. 2014.
Tomjacobsen. "Responses to the Great Depression by Hoover and FDR." Responses to the Great Depression by Hoover and FDR. Tomjacobsen, n.d. Web. 13 Mar. 2014.
University Library. "Essay: The Federal Emergency Relief Administration (FERA)." ::: Federal Emergency Relief Administration (FERA) Collection :::. University Library, n.d. Web. 23 Feb. 2014.
Us Election Atlas. "1932 Presidential General Election Results." 1932 Presidential General Election Results. Us Election Atlas, n.d. Web. 23 Feb. 2014.
Warren, Harris Gaylord. Herbert Hoover and the Great Depression. New York: Oxford UP, 1959. Print.

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