I need 2 response
THE GREAT DEPRESSION
Franklin Roosevelt was the first President to rule America for 12years, He was in power during the two most difficult times of America’s history called the Great Depression and The World War II. These were a very difficult and trying times for Americans, and now to think of the constant meetings and all that falls on only one man(FDR).
Prices of stocks rose dramatically In 1920 , and they evolved in 1927 thereby causing the nation to undergo a strong bull market, it rose dramatically and it eventually crashed in 1929 which subsequently led to the Great Depression, after short recovery he stock market went downhill, with all these the supply was less than the demand which resulted in the drop in prices. The major crash occur in October 24th 1929, it was then known as ‘black Thursday’. Banks were forced to close.
It was my understanding that the stock market did not cause the Great Depression because it rebounded back before it declined in 1930. But the Great Depression was felt all over the world which was as a result of the effect from the World War I. In the United State of America a lot of people never had the resources to buy goods thereby making production company reduced their product and ultimately workers were laid off, this actions was nation wide, there were plenty unemployed people and some starved to death, homes were foreclosed and the sad part was that suicide rate increased drastically.
Although President Hoover (he was the president at that time) made attempts to secure the situation but his philosophy constrained his efforts. The economy was initially alright because the government supported business, Hoover attempted to save America by trying to save the America business, not caring to help the people directly thinking or should I say believing it will make them weak. He made a committee on unemployment relief which advised NGOs to help the unemployed, this is more or less an indirect assistant to people which was the only the thing Hoover was going to do. The government even tried using the Smooth-Hawley Tariff in an attempt to force Americans to buy its products and not from other foreign countries. Hoover never reacted well to public resentment thereby making the Americans angry and the Bonus Army riot took place in 1932. He refused to involve the federal government in forcing fixed prices, controlling businesses or manipulating the vaklue of currencies.
The Republicans were working tirelessly to make Ameica great again while the Democratic party appeared to be dying off. The effect of the Great Depression changed the political trend of America. That was when the Democrats nominated Franklin D. Roosevelt then he was the governor of New York as the presidential candidate of America. He was a vey good governor when he was the governor of new-york , he directed his people well, he was related to Theodore Roosevelt, he came from a money family. He was well respected.
In 1932 he promised to give direct relief to unemployed Americans,control agriculture, encourages business and give total support America business, he did not have a specific plan but promised to work with the people to find a lasting solutions. He won the election and became the president.
To my understanding, it was not that the two president did not do much for America, they just had different approach to things, President Hoover clouded himself with his philosophy, he did not bend it and he was too harsh, when he felt helping out the people is like him making them weak, to me that was too mean, he is ruling a country and not his household, there were some mistakes his cheaply made had it been he was able to move out of his comfort zone for the people it could have been avoided, but Roosevelt was the man of the people who followed his fellow countrymen’s advice and see what they want and work on it, he went in with no plan meaning he was ready to listen to the people .
Upon been president Roosevelt promised to innovation to Washington. He believed it to be ‘THE NEW DEAL’ for the American people, which truly it became it. He listened to his advisors and tried all his best to make the economy good again, though the depression was still there but it took the World War II to finally keep America save and save democracy and capitalism. The first new deal was in 1933-1935, two distinct phase of the new deal was identified, The first new deal program was passed in the first 2years of FDR’s first term, during the Hundred days from march through June of 1933. His office focused on the relief of the obvious signs of the depression, which were unemployment, housing, food production prices, agriculture, banking sectors, these programs were never intended to be permanent, at the end of the day it was said be an adequate responses.
ADVANTAGE OF THE NEW DEAL.
Jobs were provided, young men were hired and they received wages of $35/month which they sent $30 home to their families, all these skills were acquired, also experience too. The public accepted the CCC(Civilian Conservation Corps). This continued for another 10yrs, by this time millions of unemployed were employed. The agricultural sector too was well structured and a lot were grown and even sold out. The banking sectors started its business back, stock rose and America was back on her feet.
Roosevelt aggressive use of federal power got the conservatives angry but his stern determination to save American capitalism and his non-ideological approach to the depression’s major issue left the critics irritated, the new deal was highly criticized, all these did not stop him from actualizing his plans.
The new deal solved most of Americas problems, it saved people from dying by starving to death, millions of poor people received reliefs, food, shelter and clothes. It restored confidence in America. The new deal was an expensive relief effect but it was achieved.
DISADVANTAGE OF THE NEW DEAL
It was extremely expensive, Roosevelt almost triple the national debt due to this, it would not safe guard America economy for the future( the future is uncertain at that time). Roosevelt helping people meant him stepping on toes thereby interfering with state affair and looked as if he was in control of the people too. Various laws were created which cause an edge between the government and factory owners. Farmers did not get a lot from it, blacks barely benefitted.
I wonder why blacks were still segregated , he was meant to be president of the people and not some certain colors, in as much as I was proud of what he did, how he solved the problems he still left the black communities.
COMPARISM OF ROOSEVELT AND HOOVER.
Roosevelt immediately took action by proclaimimg a Bank holiday, thereby effectively putting a stop on the continuing collapses of banks both he big and small that were wiping out the savings and livelihood of the people.
Hoover believed that government has no right to do such.
Roosevelt knew that the system had a major problem, which allowed the stock market to crash and immediately proposed and passed regulations to control and statbilized it.
Hoover consider such actions unfit interference in an ideal system that should be left alone and allow to make its own correction.
Herbert Hoover’s approach to the surrounding issues leading to the Great Depression and his philosophy were one and the same. He wanted to continue the successes of the twenties and its’ booming economy that surrounded big business and therefore, did not initially take much action economically. Trying to preserve the confidence of the American people in themselves, Hoover was not willing to help the general population directly. He had a notion that in helping, the people would feel weak. His theory was if he could save business and therefore jobs, he could return the nation back to normal. Hoover believed in individual and local responsibility and isolated his assistance to creating the Committee on Unemployment Relief which aided and advised charity groups on assisting the unemployed. This indirect approach was unsuccessful due to low charity donations and high individual needs. The government’s Smoot-Hawley Tariff and Reconstruction Finance Corporation was not enough to help the country out of the depression. Again, these were business-related actions and with the depression already having a strong hold, people could not afford to buy the goods that Tariff was purposing. Instead, the Tariff ended up limiting the government’s international trade options. Meanwhile, the RFC’s success just wasn’t an aggressive enough move for Hoover to save the nation.
Roosevelt had a different approach. He had no actual plan in place, rather was open to, and planning to try different things to see what worked. FDR started his tenure as President with the New Deal. Roosevelt’s loyalty to a balanced budget and desire to save capitalism were his motives behind the New Deal. The first New Deal’s relief efforts were immediately adopted and put into place and were aimed at unemployment, reviving the banking system and lowering agricultural prices. Unfortunately, the first New Deal did not provide as much relief as thought with it’s extremely high government spending. The second New Deal focused on the same issues, only this time it was on a more permanent approach. Its plan was to create the jobs itself, then recede as progress was made. Overall, FDR and the New Deal’s successes and failures, while not ending the Depression, aided in the preparation of the Nation for what the future had in store.
In comparison, Hoover’s approach was indirect and focused on saving business. He repeatedly denied helping the American people directly, largely due to his belief of volunteerism, hoping that people would be able to recover on their own as long as he continued to push business-saving legislation. On the other hand, FDR had a direct, failure-is-not-an-option approach. He had no philosophy or written plan; he was about action; direct action. His non-ideologic approach won him votes and the nation’s trust.
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