Do you think president Hoover could have done more to end the Great Depression?

Answer 1

Yes, with the Reconstruction Finance Corporation.

Don't forget the Federal Farm Board and Grain stabilization act (FFB/GSA), division of public construction and emergency construction and relief act. It was an effort to end the depression, it did more harm than good. The RFC rewarded failure. It was also corrupted (Charles Dawes), and it publicly published names of the banks and corporations that received loans, discrediting those establishment. Many banks that received loans went on to fail. All of the above mentioned relief programs took (tax) money from every American and redistributed it to corporations, banks, farmers, and newly created public jobs.

Answer 2

While not believing in charity by the government, Hoover did try and help the economic mess that began during his administration. He gave much of his money to charity and encouraged Americans to do the same. He broke with Republicans and did away with the taxes that had been placed on citizens during the Coolidge administration. He thought that would allow for more income being spent to help the economy rebound. He spent $500 million a year on public works and government programs to build or improve government properties. The most famous was the Hoover (Boulder) Dam. Congress established the Reconstruction Finance Corporation (continued by FDR) which created an agency to help banks, railroads, and other key businesses to stay in business thus helping the economy. All of these things could not stem the tide of the economic collapse. Hoover believed in a balanced budget and not pumping government money into the economy. He believed in "rugged individualism" and relied on the individual, the churches and private charities, and the local and state governments to handle most of the economic help that was needed.

Answer 3

Herbert Hoover did not lead the United States out of the Great Depression, he believed that the economy would fix itself and inputted little to no federal aid. Because he did so little, he became extremely unpopular and was not reelected in the 1932 presidential election against Franklin Roosevelt. His bad choices and luck while in office soon led to the nickname "Poor Herbie".

Answer 4

President Hoover did nothing to end the Great Depression and obviously had no understanding of economics. So yes, he could have done more.

Answer 5

No he did not .