Hoover V FDR

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  • Economic Policies
  • Put the people to work!
  • Public Initiatives
  • Philosophy
  • Let's do this!
  • FDR was willing to apply governmental influence to the failing economy. FDR's new ideas and initiatives became known as the "New Deal". Items like public works programs, revitalizing banks, insured savings, and reforming business practices structured his plan to reinvigorate not only the economy but America's confidence.
  • Economic Policies
  • FDR took great steps forward with public initiatives that put Americans back to work, and revitalized their confidence in the economy. He established public works programs such as the Civilian Works Administration, the Civilian Conservation Corps, and the Tennessee Valley Authority. By doing so, people were put back to work through the government on public projects. Furthermore, FDR aimed to protect and assist farmers and fair wages.
  • Public Initiatives
  • FDR's philosophy and ideologies rested in his desire to bring immediate, and drastic, change to the economic landscape, to help push Americans out of the depression. Many saw his ideas as socialist, but for FDR, federal government regulation and aid was necessary. FDR's regulations and changes in federal government permeated for years to come, even to today. For believing this, FDR won a sweeping victory in the presidential Election of 1932.
  • Philosophy
  • It'll all be solved on its own
  • He organized a series of conferences bring together the heads of banks, railroads, and other big businesses. He then won a pledge from industry to keep factories open and and to stop slashing wages
  • Hoover also increased public works--the resulting construction jobs could replace some of those lost in the private sector. Hoover’s actions did spur construction increases but the effort only made up for a small fraction of the jobs lost in the private sector.
  • Hoover's political and ideological philosophy was to remain true to the capitalist, traditional economic values held for years by Americans. Government should not interfere, and the economy would eventually right itself. Also, Hoover's take on the issues at hand were passive, and as a result, many people blamed Hoover for the increasing depression. His ideas of voluntary assistance proved to be his downfall in the Election of 1932.
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