Respuesta :
During the Great Depression, Herbert Hoover and Franklin D. Roosevelt responded differently to the economic crisis:
1. Hoover's Response:
- Hoover believed in limited government intervention in the economy and preferred voluntary cooperation among businesses to address the crisis.
- He believed that the economy would eventually recover on its own without significant government intervention.
- Hoover passed the Reconstruction Finance Corporation (RFC) to provide loans to struggling businesses, but overall his policies did not effectively combat the Depression.
2. Roosevelt's Response:
- Roosevelt took a more proactive approach and implemented the New Deal, a series of programs and policies aimed at providing relief, recovery, and reform.
- The New Deal included programs such as the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), and the Social Security Act, among others.
- Roosevelt's administration also introduced banking reforms and increased government regulation of the economy to prevent future economic crises.
Impact of their Actions:
- Hoover's more passive approach did not effectively address the economic downturn, leading to widespread suffering and high unemployment rates.
- Roosevelt's New Deal initiatives provided immediate relief to millions of Americans, created jobs, and stabilized the economy to some extent.
- While the New Deal did not fully end the Great Depression, it helped lay the foundation for economic recovery and established a precedent for increased government involvement in the economy.
In summary, Hoover's limited intervention approach did not effectively combat the Great Depression, while Roosevelt's more proactive New Deal policies had a more positive impact on the period of economic depression by providing relief and laying the groundwork for recovery.
