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Hoover vs. FDR. Hoover Struggles with the Great Depression. In 1928, President Hoover campaigned on the slogan “a chicken in every pot and a car in every garage .” After the stock market crashed, he said “any lack of confidence in the economic future is foolish.”
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Hoover Struggles with the Great Depression • In 1928, President Hoover campaigned on the slogan “a chicken in every pot and a car in every garage.” • After the stock market crashed, he said “any lack of confidence in the economic future is foolish.” • He preached “business as usual.”
How Did Hoover Try To Help? • Instead of having a “hands-off” government approach to economics, Hoover switched to a more activist role • Supported the creation of the Federal Farm Board • Aimed to control crop prices • Try to get banks to establish a National Credit Corporation • Less bankruptcy These did not help……
HOOVER VS. ROOSEVELT:THE 1932 PRESIDENTIAL ELECTION Should the government provide for the needs of its people in times of crisis and get involved in the economy? VS. Herbert Hoover Franklin D. Roosevelt
LEARNING TARGETS • Compare and contrast the plans of Hoover and Roosevelt. • Determine who the best candidate is for the United States.
HOOVER’S PLAN • “Pull yourself up by your own bootstraps” • Hard work earns rewards • Faith in American business • Gov’t should stay out of trying to fix the economy • Private charities should help the people (salvation army / YMCA) • Ask farmers to limit production • No handouts from the gov’t (direct relief) • Limited loans to businesses / farmers / people to pay their mortgages
ROOSEVELT’S PLAN • “New Deal”—gov’t programs will help the people (social security, works projects) • You have to spend money to make it out of the depression • Gov’t provides jobs and basic needs • Reform the banks and stock market • Try different programs—act now!
Complaints • Complaints about Hoover: • 1. He was not helping the American people enough • 2. His statements (bootstraps) were not popular with the people • 3. He kept promising things to get better but under his presidency, they never did. • Complaints about Roosevelt: • 1. Too many programs that cost too much money • 2. People didn’t need to be as accountable for their own actions. • 3. Some liberals believed he wasn’t doing enough.