The Great Depression essay example

The Great Depression essay example

Introduction

The Great Depression was altered by the task of government in the fiscal and social life of America. President Herbert Hoover served during the period of 1929 to 1933, while Franklin Roosevelt served amid the era 1933 to 1945. They both worked to their level best to help change the American economy. However, they had different views and aspects of helping raise the economy.

Hoover did prefer harsh individualism whereas Roosevelt thought the philosophy of helping out would be a great deal. Hoover believed in helping put in commercials with the hope that this support would form ooze down effect, which would make people to invest in the businesses and thus create more jobs. Roosevelt however, wanted to give people jobs that help people earn a living, in an attempt to create confidence and to rectify failures in particular economic institutions, resulting to an excellent state of affairs (Houck, 2001).

Roosevelt seemed to be the ideal leader because he had helping hand in his involvement in the creation of commercials. What Hoover did in his response to the fall down of 1929, was to request or rather pressure leaders in commercial institutions to increase the wages instead of lowering, according to the condition of the economy. He was criticized and was made responsible for the downturn because of his lack of participation and the problem with the stock market. Definitely, Hoover had a great brain, but what he failed to notice, is that when money is in great supply to the economy, it tends to lose value, which thus raises the standards of living. Therefore the production lowers, since people will only buy but the supply is very low because everything will be affordable, which thus lowers the status of the economy. It is therefore with no doubt that, Roosevelt’s idea of providing jobs to people will help them earn a living, work harder, invest, and save their earnings, generate further jobs, and therefore raising the economy (Houck, 2001).

Conclusion

Even though history does not give a perfect conclusion on these opposing notions, it implies that both Hoover’s and Roosevelt’s thoughts were half-truths. By the 1930’s the challenge and factual test of government are on how to merge these thoughts successfully.

References

Houck, D. W. (2001). Rhetoric as currency: Hoover, Roosevelt, and the Great Depression.

College Station: Texas A&M Univ. Press.

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