FREE ESSAY ON FDR

FDR

The Depression for the US lasted from 1929 until 1941, resulting in a decline in
production and rise in unemployment. Hoover regarded the Great Depression as a recurring
downturn that will eventually recover. Therefore, he didn't rush to give direct relief
assistance to the needy. Hoover didn't want to intervene or have the government get
involved in restoring the economy because he's afraid of the dependence upon the
government.
Hoover's response to the Great Depression was to restore public confidence so that
businesses would resume its place in investing and expanding production. Like Roosevelt,
Hoover was not in favor of direct government relief to the poor. However, they both
supported the federal government to institute public construction projects to provide
jobs for the unemployed. However, instead of giving direct aid to people, Hoover would
have a federal government to provide funds in form of loans to producers. In turn, the
producers would use the loans to keep themselves in business, maintain production, and to
keep workers on the pay roll. Consequently, the increase in more goods and services led
to increase consumption. Moreover, Hoover made attempt to assist the troubled
agricultural economy by trying to make farm prices as high as possible so that farmers
don't go bankrupt. In addition, he also proposed direct action by the government to
provide welfare assistance and emergency financing for troubled banks and other
associations.