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Chris's page about Herbert Hoover

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Saved by Chris
on September 29, 2011 at 1:29:26 pm
 

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

 

Begining Who's Cares?

 

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 two-thirds of 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 DeLong of U.C. Berkeley. Calls for a better goverment assistance improved as the U.S. population continued to decress. How ever President Hoover was declining direct federal relief payments to individuals. as President Hoover thought

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