Hoovers policies and attitudes in the years 1929-33 Essay

Asses the view that hoovers policies and carriages in the years 1929-33 merely prolonged the printing.President Herbert clean came in to power in America in 1928. He was a man with a strong belief and he believes in individuality and believed passionately in the values of hard work and enterprise. However, he came in power at a fourth dimension where America was in an sparing crisis, where unemployment was shooting up as well as inflation, America had entered a new era where inequality was increasing untold than ever for usage New York had one million inactive whereas Ohio has 50% of the population unemployed, gum olibanum it was vital for make cleans policies to be adequate in rule to compensate prosperity. character 7 clearly argues that cleans attitudes and policies were pitiful and failed again and again. Similarly, show measure 8 believes that his faith in his suit policies has only prolonged the depression even more, thus both sources name a clear consensu s between them. On the other hand source 9 argues that a lot was very done in sight to get Americans back on their feet, thus vacuums attitudes and policies were life-threatening for America. However, it is clear that vacuum-clean simply did non do enough in order to deal with this economic crisis as he was leaven to be as a very stubborn person as source 7 argues and he transparent could not read between the lines.Source 7 describes make clean as a very stubborn person who Remained convince that he was right Hoovers attitudes towards agriculture did not help American farmers at all. The agricultural marketing act was established in 1929 which artificially purchased farmers surpluses at prices above the market price. Hoover gave the Federal Farm Board $500M, notwithstanding Hoover still not think through exactly what he was doing. The agricultural market was in a significant decline in America during the 1930s and he only encouraged farmers to produce more as the Federal Reserve board was purchasing their surpluses. Furthermore, he was incriminate of throwing away tax payers money which was extremely regressive.Similarly, source 8 believes that Hoover undertook some harmful policies where he also resisted congressional attempts to pull up stakes more substantial farm relief this can be seen through the item that instead of putting money into farmers pockets he actually took it away. Farming was seen as the backbone of the American delivery and Hoovers Agricultural merchandise Act seemed like something that was rushed and never judgment through which emphasises how Hoover simply lacked knowledge in numerous areas of the economy. Furthermore, he never thought about agricultural on an international level and the consequences his actions would claim, thus his attitudes towards individuality was clearly not applicable to American society at that time as American clearly necessary a Keynesian feeler towards the economy where money would be sign ificantly pumped in to the circulation of the economy.Source 8 also believes that the Hawley-Smoot Tariff was significantly damaging towards Americans which he sign-language(a) despite the advice of around economists. This emphasises his attitudes towards his policies, he in his own fantasy worldly concern as source 7 also describes as he simple did not eat up any fixed admission towards fixing the shamed economy. Hoover did not realise exactly what was postulate for the American economy as if he did, he would have realised that putting a 40% duty on agricultural products would not have affected the economy. This fantasy world consisted of just his own flack, which was not thought through, he believed just because he had a very hard work value orientation meant that everyone else could have one too, however, this was not the case in America as Americans simply had no money in their pockets to start them off and they needed relief in order to get back on their feet again.Fu rthermore, his policies had a very short run effect as he believed by putting tariffs up it would help farmers gain more revenue. However, with agriculture beingness such a competitive market, it only led to retaliation as countries all across Europe could not afford high prices as they were in an economic crisis too. Furthermore, the Hawley-Smoot tariff resulted in the abandonment of free take amongst European nations, thus it was extremely damaging for the agricultural market as they could not sell their surpluses and had to eventually dump their goods in different countries, and then Hoover did pro long the depression.Furthermore, source 8 also argues that Hoovers approach towards unemployment was also not good enough as he block off ship aid to the unemployed. This is because of his hands off approach attitude that he undertook during the 1930s was not radical enough and could be seen as taking things too modestly as source 8 states. The emergency Committee for Employment aimed to help agencies provide relief of $500, however, due to his self-reliance attitude he did not allow direct federal relief.This clearly shows how Hoover was not thinking ahead and his attitudes were far behind time as he did not realise exactly how badly Americans needed the governments help and it was crucial to intervene in the economy as much as possible. However, Hoovers $500M was not large enough to help the millions of people in America who were unemployed and did not have the basic necessities in life, harvest-festival was literally not possible without the government intervening as gross domestic product was getting lower and lower. However, taking into account that many countries were in a nation debt, it was obviously not possible for Hoover to magically get a large sum of money in order to get relief to firms and other sectors, thus there was actually a trammel amount that Hoover could do even though he did have a hands off approach towards America.Source 9 onl y contradicts source 8 and 7 as Leuchtenburg believes Hoover Stepped up federal construction and urged state and local governments to accelerate spending thus Hoover did make significant changes that did not pro long the depression. One of his most significant polices was the reconstruction finance corporation which was authorised to lend $1.5 trillion to states to finance in the public eye(predicate) works. Not only was this a very direct relief but it also had many benefits as it helped insurance companies as well as banks. One major aspect of the RFC was the fact that it add 90% to small and medium banks, which was a turning point as rural small banks were hardly ever noticed and no other president intervened the way Hoover did and this contradicts Pattersons view of Hoover having token(prenominal) government intervention, thus his lack of intervention may have been exaggerated by source 7 and 8.The increased capital enthronement as source 9 suggests also helped the economy a s investing was a crucial part of GDP and investment would have allowed firms to insert in America, thus Hoover had noticed the grim reality of the depression as he was doing what he could have in order to restore the economy. However, the RFC was only available to states that declared bankruptcy and they had to use the money to provide schemes which would earn money so that loans could be repaired and this perfectly fits in with Parrishs view of how the economic crisis required maximum cooperation , which Hoover was not heavy(a) at that time as all banks and businesses needed some straighten out of relief which he was not doing. Furthermore, even if he was cooperated it was a olive-sized too late, thus Hoover did pro long the depression.Overall, it is clear the Hoovers approaches were not good enough for American society in the 1930s and he did pro long the depression. One vital geological fault that Hoover made was the fact that he was not helping the unemployed as much as h e should have as in order to stimulate the economy, a charter was needed and with a wage tax could have been paid which could have been used to fund the public with goods. Therefore, if Hoover had considered getting people into work this would have automatically had a positive knock on effect. Furthermore, a hands off approach was not needed in times of the depression as Americans did not have money to get back on their feet as many banks were not giving out loans due to the effects that the boom compass point had on them, therefore a lot of intervention was needed. Thus, it is clear that Hoover did make big mistakes during the depression as he did not see the reality of it and did not try to tackle the main problems as he had no detailed plan.