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Question 6
Which of the following had more impact on the effects of the Depression in America: - the actions of President Hoover - the actions of President Roosevelt? Explain... show full transcript
Step 1
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President Hoover's approach to dealing with the Great Depression is often viewed as insufficient. He believed in limited government intervention, which led to a lack of significant federal support during the early years of the crisis. His policies, such as the Revenue Act of 1932, aimed at balancing the budget, which unfortunately resulted in higher taxes and reduced consumer spending. Additionally, Hoover's response to the Bonus Army protest, where World War I veterans demanded early payment of bonuses, was a turning point. His administration's decision to forcibly remove protestors harmed public perception and trust. Overall, Hoover's actions did not effectively address the economic downturn, leaving millions unemployed and without aid.
Step 2
Answer
In contrast, President Roosevelt's actions were characterized by significant government intervention through the New Deal. Roosevelt aimed to provide immediate relief, economic recovery, and financial reform. Programs such as the Civilian Conservation Corps (CCC) and the Federal Emergency Relief Administration (FERA) directly addressed unemployment and poverty. Furthermore, Roosevelt's banking reforms, which included the Emergency Banking Act, restored confidence in the financial system. His willingness to adapt policies and implement programs that targeted various aspects of the economy proved to be more impactful in alleviating the effects of the Depression. His leadership style and communication, notably through fireside chats, also played a crucial role in rallying public support.
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