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Luden [163]
3 years ago
8

Compare and contrast how Hoover and Roosevelt responded to the Great Depression according to the text. How did their actions imp

act this period of economic depression?
History
1 answer:
NeTakaya3 years ago
3 0

Answer:

Hoover took a hands-off approach, and Roosevelt did the opposite.

Explanation:

Herbert Hoover was under the impression that the stock market crash of 1929 was a simple market correction, that it would go away if everybody just acted like everything was normal, and that markets simply do these things from time to time. By the time Roosevelt took office in 1933, he understood that no quick solutions were to be had. He did start a lot of public works projects, like the Works Projects Administration (which gave a lot of people short-term employment teaching, painting post office murals, and cleaning up public lands) and the Tennessee Valley Authority (which put a lot of broke farmers to work putting a utilities infrastructure in place in parts of the South, putting the pieces of a post-agricultural economy in place).

He also instituted several "bank holidays" to discourage panic-driven depositors from taking all their money out of their banks. Austerity became the new normal in America and stayed that way until the US entered World War II.

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The northern colonies' economies were shaped by farming, fishing, and trading (The American Promise, 127). Though the people of these colonies may not have made an abundance of money off of these things, they were able to get by. Colonists would trade extra crops with neighbors. Because of the location of the colonies, their main export was livestock (127). It was not easy to live in this area, but even under these conditions, they were better off in North America than they were in England (128).
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What did Pope want to happen as a result of the revolt? make 2 or 3 sentences
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