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Chris's page about Herbert Hoover

Page history last edited by Chris 8 years, 2 months ago

http://en.wikipedia.org/wiki/Herbert_Hoover

  

Before President Hoovers Presidencies

 

Before president Hoover was the president he was a great engineer. President Hoover  worked for a San Francisco engineering firm, and later took a job with an English mining company to run their gold mines in Australia and China at the age of 27. Hoover was made a partner in the company, and began to travel the world. President Hoover traveled around the world five times in five years.

 

 

The great depression

 

 

The Depression's impact on people: 
Consumer spending (in billions) on selected items, 1929-33

  1929 1933
Food $19.5 $11.5
Housing $11.5 $  7.5
Clothing $11.2 $  5.4
Automobiles $  2.6 $  0.8
Medical care $  2.9 $  1.9
Philanthropy $  1.2 $  0.8
Value of shares on the NYSE $89.0 $19.0

http://iws.collin.edu/kwilkison/Online1302home/20th%20Century/DepressionNewDeal.html

 

President Hoover stance on the economy was based largely upon voluntarism. From before his entry to the presidency he was a proponent of the concept that the public cooperation was to achieve long-term growth. President Hoover feared that to much intervention or coercion by the government. The government would destroy individuality and self-reliance which he considered to be important to American values. Both of President Hoover ideals and the economy were put to the test with onset of the Great Depression. The Depression, Hoover claims his memoirs that he had rejected Treasury Secretary Andrew Mellon's suggested "leave-it-alone" approach, and called many business leaders to Washington to urge them not to lay off workers or cut wages. President Hoover adopted a pro-labor policies after the 1929 stock market crash. They accounted for close 2/3 the nations gross domestic product over a 2 year time period. Causing what might otherwise have been a not so good recession to slip back into The Great Depression. This aggressive discussion is at odds with the Keynesian look of the causes of The Great Depression, which recently by Brad De-Long of U.C. Berkeley. Calls for a better government assistance improved as the U.S. population continued to decrees. How ever President Hoover was declining direct federal relief payments to individuals. As President Hoover thought that a dole would be addictive, also he thought it would reduce the lay offs for work. Also he was a very believer in a well balanced budget. Altough he was a believer in balanced budgets he declined the welfare programs.

 

 

However President Hoover did go fourth with many policies in a attempt to pull the country out of the depression. In 1929, President Hoover authorized the Mexican Repatriation. The program was to combat the rapant unemployment to decrees the burden on the on the municipal aid services. Also take away people seen as unfit American workers. The program was forced for a migration of approximately 500,00 Mexicans and Mexican Americans to Mexico,This continued until 1937. By June 30, the discussion ion of many economists, and the congress approved it. Mean while President Hoover signed into the Smoot Hawley Tariff Act. Which the legislation raised tariffs on thousands of imported items. For the intent of the act to influence the purchase of American made items and increasingthe price. After President Hoover's final attempt to the administration to rescue our economy this occurred in 1932 for the passage of the Emergency Relief and Construction Act. Which allows authorized funds for public work programs and the creation of the Reconstruction Finance Corporation (RFC). The RFC's intentions was to provide government secured loans to finacial institutions, such as farmers and railroads. The RFC had very little impact at the time, but it  was adopted by President Franklin D. Roosevelt and greatly expanded as part of his great New Deal.  

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