the views of President Hoover and President Roosevelt on the best ways to solve the problems of the depression. Describe some actions they took to back up these views.
President Hoover blamed the Great Depression on “world-wide economic conditions beyond our control”—not on problems in the United States economy. Hoover and his officials insisted that conditions would improve soon. He believed that voluntary controls by U.S. business were the best way to end the economic crisis. He was against drastic measures.
FDR was in favor of drastic measures. He promised people a New Deal and that became his program of relief, recovery, and reform aimed at combating problems caused by the Depression. Through the first hundred days FDR pushed program after program through Congress to provide relief, create jobs, and stimulate economic recovery. His first step was to restore public confidence in the nation’s bank, so he ordered all banks to close for 4 hours. He then pushed Congress to pass the Emergency Banking Act; this act authorized the government to inspect the financial health of all banks. His next steps included helping overburdened local relief agencies.
is there anything anyone can add to this
(especcially hoover's part)
Here are some sites about Hoover and the Depression.
http://historicaltextarchive.com/sections.php?op=viewarticle&artid=603
http://www.amatecon.com/gd/gdoverview.html
Certainly! In addition to what was mentioned about President Hoover, it is worth noting that Hoover believed in the importance of individual initiative and limited government intervention. He believed that the economy would eventually recover on its own, without direct interference from the government. To address the Depression, Hoover created the Reconstruction Finance Corporation (RFC) in 1932, which provided loans to banks, industries, and even local governments to stimulate economic recovery. However, he also emphasized that these measures should be temporary and should not create a dependency on government aid.
Hoover also implemented public works projects to create jobs and stimulate economic growth. One notable example was the Hoover Dam (originally known as the Boulder Dam), a massive construction project that provided employment opportunities while also generating hydroelectric power.
Additionally, Hoover attempted to address the agricultural crisis caused by the Depression by establishing the Federal Farm Board, which aimed to stabilize farm prices by purchasing surplus crops and livestock. However, these efforts were largely unsuccessful in improving the overall situation.
Despite these actions, Hoover faced criticism for his perceived inaction and inability to effectively alleviate the suffering caused by the Great Depression. The perception that he did not do enough to address the crisis contributed to his defeat in the 1932 presidential election to Franklin D. Roosevelt.