Raising taxes
Herbert Hoover
President Hoover reacted to the great depression by helping people with things they could not afford like soup kitchens which gave people free food who needed it. Also hoovervilles which gave homes
a voluntary recovery plan and limited government intervention in the form of public works projects and small federal loans to states.
President Hoover feared that deficit spending would lead to inflation and undermine the stability of the economy. He believed that the government should operate with a balanced budget and not rely on excessive borrowing to fund its activities. He prioritized fiscal responsibility and believed that deficit spending could have long-term negative consequences for the economy.
Hoover hog was the name people who blamed President Hoover for the Depression gave to armadillos, and to a lesser extent, rabbits and jackrabbits. They were a source of food to people in certain areas of the country because they could be hunted.
Hoovervilles were shanty towns that people were forced to live in because they could not afford any proper accomodation during the Great Depression. They were named after President Hoover who was President of the US at the beginning of the Great Depression. Hoover was replaced by Franklin D Roosevelt because he was regarded as a 'do nothing President' meaning he did not put proper measures in place to help the USA out of the Great Depression.
Hoover believed that the economy could correct itself if Americans remained confident, he also relied on voluntary actions from businesses to maintain this confidence. Lastly, he agreed to allow some government assistance to be used in efforts.
Hoovervilles were shanty towns that people were forced to live in because they could not afford any proper accomodation during the Great Depression. They were named after President Hoover who was President of the US at the beginning of the Great Depression. Hoover was replaced by Franklin D Roosevelt because he was regarded as a 'do nothing President' meaning he did not put proper measures in place to help the USA out of the Great Depression.
Herbert Hoover was the president for a short time when the depression first began. He did what he could within the limits he believed the federal government had . Franklin Rooseveltthen took office and was President for most of the depression. He pushed through several large scale measures of economic and social intervention, several of which were challenged on constitutional grounds and all of which greatly expanded the role of the federal government. The depression finally ended when the nation geared up for the wartime effort and 500,000 men were added to the military service.
Hoover believed that government should not interfere in business cycles. At the time, there were few US laws that could be used to prevent the downward spiral that brought on the Great Depression.
One of the first things President Hoover did to combat the effects of The Great Depression was to try to get the Federal Reserve Act repealed. The Federal Reserve Act set limits on how much money the Reserve could release into the economy.
"Hoover cart" -- the remains of the old tin Lizzie being pulled by a mule During part of the great depression of the 1930's when Herbert Hoover was president, many auotomobile owners could not afford gasoline to power their cars so would cut off the rear end of the vehicle, attach a tongue and pull it as a cart with either a horse or mule. Others simply took the rear end housing out of the car, built a wooden cart over the housing and pull this with a horse or mule. These carts acquired the nickname "Hoover Carts" in "honor" of President Hoover.