How Far Were the Economic Policies of the Republican Government Mainly Responsible for the Collapse of 1929-33?

Franklin D. Roosevelt’s plan helped make the economy get stable through programs that he started, helping create more jobs for the unemployed. He passed bills that helped both the American people and its environment. For example, new roads and bridges were built. Another one of FDR’S efforts to get out of the depression was to enter WWII. Document 6 shows a cartoon of how much was produced for the war and shows Uncle Sam working, too. Overall, FDR’s decision to enter the war was the greatest impact on the Great Depression because they got out of it. Herbert Hoover was a terrible leader in many Americans’ views because they believed he did not do enough for the people and was more supportive toward big businesses. He gave money to the rich so that they would pass it down to the poor but instead the rich got richer and the poor got poorer. Another downfall of Hoover was Hoovervilles. These were a collection of poor people without homes. The name was given as a disgrace to Hoover. In result, FDR was a more favored president during the Great Depression than Hoover.

The 1920s was nicknamed the “Roaring Twenties” because every action had a voice. Every event or amendment was supported by some type of individual or group. Certain individuals made opportunity for American citizens, such as Henry Ford. Because of business leaders like him, Americans once confined to their city of work, can now live miles away. This era was full of trial and error. Trial and error can be supported by the fact that a new amendment repealed a past amendment. America was shaped politically by Congress, stereotypes, and mass production. The 1920s wouldn’t be the same without the leading automobile industry, “New Women”, and the Eighteenth Amendment.

Before the Gilded Age, economic growth came to a halt because of the Depression of 1873. The depression led to the bankruptcy of many banks and railroads, and resulted in hundreds of thousands of people out of work. The Liberal Republican party also emerged as result of the depression. Liberal Republicans were strong advocates for laissez faire policies, where there is no government regulation in businesses or the economy. With this ideology, liberal republicans believed that it would help stimulate economic growth and create more jobs. While liberal republicans were unsuccessful in getting into office, they helped push the Democratic party (who were able to get control of the House in 1784) shift their agenda to supporting laissez faire capitalism. By 1879, The Depression of 1873 had ended and the second Industrial Revolution began.

Throughout the 1920's and after World War II., America faced many problems economically and socially. The Republican Party had been always one of the largest parties in United States; therefore, Republican presidents have maintained a big role in the administration of United States either before and World War I or after World War II. The Republican presidents in the 1920's were Warren G. Harding, Calvin Coolidge, and Herbert Hoover. Whereas the 3 Republican presidents elected after World War 2 were Dwight D. Eisenhower, Richard Nixon, and Ronald Reagan. In both periods, these Republican presidents have similarities and differences in domestic and foreign policies. In addition, during and between these periods some events such as Great Depression,

President Herbert Hoover was the president in office during the Great Depression. Herbert Hoover did not recognize the stock market crash as severe as it was. During the tragedy President Herbert Hoover made many unsuccessful attempts to fix the economy. President Hoover’s response to the Great Depression was insufficient in the ways that he took little to no government action. President Hoover loaned money to corporations and state businesses, at the same he advised corporations to not cut wages or lower the production rate, considering that it was highly necessary. Franklin Delano Roosevelt had a plan set that would throw Hoover out of office and to fix the economy, which Hoover had limited

Towards the end of the 1920’s the economy in America took a drastic turn. This was when Calvin Coolidge’s presidency had ended and changes in the government began to take place. “Just seven months after Herbert Hoover entered the White House, economic trouble mocked his campaign statement about being near ‘the final triumph over poverty.’ On October 24, 1929 panic swept the New York Stock Exchange as nearly 13 million shares changed hands” (Hamilton). The start to Hoover’s presidency was also the start of the Great Depression. His term consisted heavily on working on taking steps to bring America out of the drastic economic fall that they had just entered. He began taking action by launching public works programs, tax reductions, and the formation

The Roaring Twenties of America, which was from 1920-1929, saw a great social and economic prosperity. People were happy, and were celebrating the victory of World War 1. The gasoline price was lowered, right to vote for women was granted, and America was climbing towards a great success. In 1929, Herbert Hoover became the president of the United States of America, and he said, “ Given a chance to go forward with the policies of the last eight years, we shall soon with the help of God be in sight of the day when poverty will be banished from this nation”(Roark, Pg. 703). After few months of his inauguration, his words contradicted, the Roaring Twenties halted. During the Roaring Twenties, the stock market prices increased steeply. The rapid

Hoover was beginning to demonstrate conservative beliefs even before the onset of the Great Depression. Document A shows Hoover’s wish to avoid being thought of as a complete supporter of laissez-faire ideas. He appeared irresolute when it came to preserving the capitalistic society of the 1920s. During this time, society was managed by corrupt political bosses, such as Tweed. The American economy had flourished under the private interest policies of Harding and Coolidge, which forced Hoover to promise the American people that he would not abandon the laissez-faire economics, which had been so successful during past presidencies. Hoover was sure, however, that working class Americans would not be opposed to restricting unfair business practices. Documents B and C depict Hoover’s lack of support for private interest or public purpose policies. In these documents, Hoover stresses the significance of individual interests

This lack of complete dedication to private interest or public purpose is further displayed in Documents B and C where Hoover stresses the importance of the individual in ending the Depression while also assuring government support for job production if the situation required it. Hoover's speeches are remarkably similar to Roosevelt's speech in Document E. Here, even during the Depression, Roosevelt stressed the importance of balancing the budget unless unemployment required the government to spend money stimulating the economy. Instead of Hoover's desire to continue restricting government, Roosevelt wanted to balance the budget. The Depression created the need for government intervention and an unbalanced budget as shown in Document F. However, despite a few efforts by Hoover to create jobs, he still seemed much different than Roosevelt who insisted in 1936 that America must not go back to supporting Conservatives who protected private interest unjustly. (Document G)

Hoover attempted many plans to end the Great Depression. Hoover rested on his belief of “volunteerism” which was a key concept of progressivism. Hoover believed private organized charities were sufficient to meet social welfare needs and was the “American Way”. Progressivism was when you displayed the wrong actions businesses were taking to the public in hopes that the public would make businesses reform their ways. This was a keen reason to why Hoover failed to solve the problems of the Great Depression. The first solution to the Great Depression attempted by Hoover came after the great crash. Hoover received a petition from the president of General Electric, Gerard Swoop, in 1929. It called for series of voluntary wage and price freezes of leading industries in the U.S. in exchange for freezing wages and prices. They asked in return for the government to cover the cost of welfare capitalism; which was an attempt to break the union, by providing benefits to make companies obsolete. They would pay workers 80% when laid off, but when the stock market crashed, they would only give them 20% salary. This was due partially to welfare capitalism. They

Contrarily before the Depression, there were signs that pointed to President Herbert Hoover becoming more conservative. Document A suggests that Herbert Hoover didn't want' do be considered strictly laissez-faire. Document A proposes that Herbert Hoover wanted to liberalism to be found not " in striving to spread bureaucracy but striving to set its bounds, " but also wanted The United States to know that, " he doesn't want to be misinterpreted as believing that the Untied States ins a free for all, or system of laissez-faire." Hoover appeared as if he was less determined to preserve the capitalistic society of the 1920's seeing that he argued that capitalism also has social obligations. However, the success of the American economy under presidents Hading and Coolidge who believed in private interest beliefs required him to make sure that the lack of intervention in the economy would be maintained. Also Hoover began to sense of the public disapproval and transformation of the working masses and public views. The public mass began to start looking favorably on restriction of unfair business practices. This transformation of the public opinion gave president Hoover trouble since he wasn't completely dedicated to the private interest or public purpose.

Republicans during roaring twenties ruled the constitution as both Harding and Coolidge were republicans. Harding was elected right after the War, as idea of “Normalcy” seemed quite interesting to people in America. He believed in anti-tax, government as pro-business, and anti-regulation. He only served three years, but those three years were the most dramatic years in American history. Today they call Harding as “worst president ever”. “Harding Scandals” drew national attention during the 1920’s as he was speculated of having affairs with woman (one of them was just 18), he had his friends in cabinet who robbed the country, and he also was a cards lover. In which, Harry Daugherty (attorney general) let the violence happened, Miller sold

After the Depression Hoover had some strategies he used to try and fix the economy, but they did not play out as smoothly as he would have liked them too. Roosevelt 's approach to fix the economy was more uplifting to the people in almost every aspect. Even their campaign songs, Roosevelt’s was about Happy Days coming again, and Hoover’s was about the depression. Roosevelt proposed a “New Deal” to the people and manny clung to it. His deal was that he was going to start experimenting with government roles. WHat he means by this is that he promises to increase government help and use the power of the government to address the people’s issues. Although, he did not explain how he was going to fix things such as unemployment and and improving the stock market in

During Herbert Hoover’s administration any mistakes were made after the Stock Market crash. After the crash during the depression Hoover took action but made a few mistakes along the way. Many of Hoover’s acts were passed by congress and signed by Hoover himself. His worst offense was the Smoot-Hawley Tariff, which raised tariffs. The raising of tariffs was the worst possible thing that could have occurred. Hoover tried his best to reassure the country that the economy would become improved, although it actually worsened. To improve things after the crash Hoover prepared all Federal Departments to speed up public works. He did this with hopes to generate supplementary jobs and bring back the economy. As well, Hoover asked congress if they would reduce spending, and use what was no longer required to restart public works. Unfortunately for Hoover a collapse in Europe and a change in foreign trade caused prices for United States manufactured goods and farm equipment. After this occurrence President Hoover asked congress once again for more money, his time he wanted the money for farm loans and to establish the Reconstruction Finance Corporation, which would be used to help buildings in need as well as banks and railroads. With all of Hoovers efforts by July 1932 the Depression began

The roaring twenties was a time filled with hope and change. President Warren G. Harding promised a “return to normalcy”, which reflected his own conservative values and the voters’ wants for stability and order. Americans felt that they had been through more than enough, and desired prosperity. During the years 1919 and 1920 the Eighteenth and Nineteenth Amendments were passed; the outlaw of alcoholic beverages and the right for women to vote, which ones of the many reasons society was turning their backs on Progressivism. Republicans were beginning to return to their previous dominance. The 1920’s was an economic boom for America, including everything from an increase in jobs, a rise in plentiful goods, new consumer products, and the reduction of taxes. The country was filled with jazz music, dance, and what appeared to be a brighter future. The 1929 crash of stock market was the beginning of a downward spiral leading in to the Great Depression. The stock market crash is often to be confused as the cause of the Great Depression, although that is false. A few of the issues that lead to the Great Depression included; farming (which decreased in demand as farms increased through the states during World War I), banking, and mass unemployment. Capitalism took shape as what was once the individualistic Protestant work ethic was reshaped into industrial work on a grand scale. Each worker contributed to the greater good, and the workers were presided over by a boss