Hoover
The twenties were times of great American prosperity and renaissance. The era seemed to be “roaring” due to the jollity and merry making the nation was embarked upon. However, the entire “roar” would soon come to a “whimper” in October 1929. Recession had been evident toward the end of the ‘20’s; however, the economy took a nosedive on October 24 1929 when 13 million shares of stock were traded. Immediately following “Black Thursday”, the nation entered into the great depression. The president, Herbert Hoover, felt “helpless” on what to do with the nation in ruin. Thus, Hoover proposed certain government agencies and specific bills to be enacted to pull the nation out of the crisis, but not all his good intentions had good results. Hoover, before the inevitable turn for the worse, knew help was needed to boost the dying agricultural prices. In order to accomplish such a task, Hoover proposed The Agricultural Marketing Act. The law proposed to create the Federal Farm Board. The board would be given 500 million dollars to buy crops such as cotton and wheat. Next, the committee would hold off the crops for higher prices. Thus, in idea, the price drop in crops would be fixed and the farmers
of America would be spared hardships. However, in 1931 the world prices fell and the board ran out of purchasing power. Hoover did for a short period of time help boost the prices of crops. Also, it is notable that he created an agency that did not just hand out money, instead the agency tried to let the farmers survive by making their crops worth something. However, the truly important aspect is that Hoover set the precedent for government agencies to set prices. Franklin Roosevelt will use similar ideas as the Federal Farm Board to pull the country out of depression. Thus, Hoover’s Agricultural Marketing act proved to be valuable as a precedent of the New Deal’s agencies. Voluntarism was a major theme throughout Hoover’s political career. He relied on the good honest nature of the American people to aid in volunteer sacrifice. As head of the Food Administration he relied on the public to comply with “meatless Tuesdays” and “wheatless Mondays”. Due to the time and the conditions, the voluntarism worked very well. Expectedly, Hoover relied on similar self-sacrifices in the depression. Big Businesses, the enemy of the time, were pleaded with to remain calm and to not make lay-offs or wage cuts. For employees, he urged not to strike. Hoover, having to rely on the good nature of businesses and employees to keep the nation together, can be shown
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Approximate Word count = 920
Approximate Pages = 4 (250 words per page double spaced)
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