Herbert Hoover and the late 1920s

A short overview of Hoover, his economic policies, and the coming of the depression

All right this is one of the many many lectures that we’re trying is a supplement in this new era of online instruction due to the virus so this is going to be a little bit short this is going to be a little bit kind of all around jumping around to a few different points but the basic idea is to try to get the point across in a few things so first off the topic

For this one is herbert hoover the new deal and the the movement towards fdr’s election in the new deal so first things first herbert hoover has a pretty terrible reputation today as a former president the united states it’s strangely enough when he was elected president herbert hoover was seen as a very strong candidate i believe the phrase that was used was he

There was the master of calamities he was in the first graduating class at stanford he was a mining efficiency expert an engineer who made a great deal of money in the international mining community and someone who by the early nineteen teens and the first world war era had gotten involved in global philanthropy and was well regarded in the international economic

Community he’s involved hoping to lead the american economy the 1920s and is really seen as a good advocate for this more pro-business pro association ilysm policies are series of associationism policies most texts describe him as a lazy fair advocate generally that would mean you know sort of let the market decide broadly but the you know other thing that he

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Really kind of pushed for was this idea of the government has a role to play but the government should just sort of get private you know entities to come together themselves to create their own organizations that at the time of crisis can provide assistance for folks and there’s positives and negatives to that but hoover was a big believer in it now when the

Market begins crashing in 1929 and you get the the major crashes and then the decline of the market and the start of the great depression hoover doesn’t particularly express a great deal of activism here and you know even at one point i think uh tirzah phrase you know wasn’t that depression horrible or something like that so you know not a lot of aggressive action

From coming for the white house you know someone who does it particularly believe that the government has a very activist role to play but by 1930-31 of course the conditions have become rather rather dire for for a number of of people this is both true of the us as it is globally so early 1930s is a trying time in an international context you we should keep in

Mind that the effects of first world war the global influenza pandemic then had led to a lot of changes in political order globally you saw the rise of stalin and of the soviet union you saw the rise of benito mussolini and his fascist thugs in italy and in 1933 you saw the election of adolf hitler with a very small percentage of the vote but he you know ends up

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Taking power so this is a time period in which folks are anxious folks are concerned and they’re turning to individuals who they think are going to provide stability think you’re going to provide order if they’re going to sort of give them a pathway forward ring fast forward to spring in 1932 hoover has done for a little unemployment numbers are very high hoover

Scholars and others will say that he starts this reconstruction finance corporation he tries to get things going at least towards the last year or so of his presidency but he also bungles other things you’ve got the bonus marchers which which happened in early 1930 – you’ve got world war one veterans who were supposed to be paid a bonus effective in 1945 they march

On washington dc hoover calls the army out on them again imagine if they had twitter it would be interesting either way he still gets the nomination but he loses he loses to franklin roosevelt in the election of 1932 and roosevelt and his new deal and progressive activism really are going to start to change things that’s the focus of our next time

Transcribed from video
Herbert Hoover and the late 1920s By fultonhistory