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How Did Hoover Respond To The Great Depression?

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Herbert Hoover was elected to presidential office at one of the worst possible times in American history. The stock market had crashed only eight months into his first term. His background had led him to adopt certain economic and political principles, to govern by, that were seen as ineffective in fixing the economy. According to the authors Michael Parrish and Richard Hofstadter, President Hoover’s belief in an laissez-faire, true liberalism, economic principles and political principles that upheld a de-centralized weak government; strongly influenced the minimal response he had to the Great Depression. His adopting of these principles not only hampered his ability to stop the economic downturn and assist the victims of the depression, his beliefs made the general, struggling American public despise him. On October 29th, 1929, the New York Stock Exchange suffered a drop in the value of corporate securities so severe that the day became known as The Great Crash. …show more content…
Both his parents died when he was very young and he was left as an orphan (Hofstadter 373). Hoover grew up in poverty but was able to pull himself out of it long before he began to get into politics. He was a self-made man who worked multiple jobs and moved up the social financial ladder with each new occupation. Hoover embodied the American ideal of pulling yourself up by the bootstraps. His childhood and young adulthood shaped his views on American economics and politics. According to Hofstadter, Hoover believed in concepts like efficiency, enterprise, individualism and personal success. For the decades leading up to the Great Depression, the majority of Americans believed in the same concepts as Hoover. Unfortunately after the depression hit, “the ideas he represented…made him seem hateful or ridiculous” because they hampered his presidential ability to assist the millions of Americans impacted by the depression (Hofstadter

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