Sign In
Ask Question
Benton
History
12 May, 04:31
Main difference between Hoover and Roosevelt
+4
Answers (
1
)
Josue Barnett
12 May, 04:43
0
Herbert Hoover was under the impression that the stock market crash of 1929 was a simple market correction, that it would go away if everybody just acted like everything was normal, and that markets simply do these things from time to time. Billboards circa 1930 with the blurb "Wasn't the depression terrible?" kind of summed up his tone-deaf approach to massive unemployment and runs on banks. He honestly believed that government intervention was not the answer.
By the time Roosevelt took office in 1933, he understood that no quick solutions were to be had. He did start a lot of public works projects, like the Works Projects Administration (which gave a lot of people short-term employment teaching, painting post office murals, and cleaning up public lands) and the Tennessee Valley Authority (which put a lot of broke farmers to work putting a utilities infrastructure in place in parts of the South, putting the pieces of a post-agricultural economy in place).
He also instituted several "bank holidays" to discourage panic-driven depositors from taking all their money out of their banks. Austerity became the new normal in America and stayed that way until the US entered World War II.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Main difference between Hoover and Roosevelt ...”
in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How does dickens describe the buildings within coketown
Answers (1)
Before 1898, possessions of the United States beyond its immediate boundaries A) included Alaska B) did not exist C) consisted of Alaska, Canada, and Mexico D) included most of Central America
Answers (1)
What older civilization did the Aztecs admire?
Answers (1)
When was the Louvre museum founded
Answers (1)
Hello I am trying to write a report on Australia and Jamacia if you could give me some some facts or websites that would be great and if you give me 5 websites or 5 facts I will make you the brainliest.
Answers (1)
New Questions in History
What's the full legend of King arthur?
Answers (1)
What is the chain of events leading to the Great Depression.
Answers (1)
Why is it important to include a thesis statement when writing a historical essay?
Answers (1)
Peoples of Italy, the French army comes to break your chains; the French people is the friend of all peoples; approach it with confidence; your property, your religion, and your customs will be respected.
Answers (1)
Do you think the government should be involved in the production of propaganda?
Answers (1)
Home
»
History
» Main difference between Hoover and Roosevelt
Sign In
Sign Up
Forgot Password?