“Herbert
Hoover, unlucky in entering The White House only eight months before the stock
market crash, had struggled tirelessly, but ineffectively, to set the wheels of
industry in motion again. His Democratic opponent, Franklin D. Roosevelt,
already popular as the governor of New York during the developing crisis,
argued that the Depression stemmed from the U.S. economy's underlying flaws,
which had been aggravated by Republican policies during the 1920s. President
Hoover replied that the economy was fundamentally sound, but had been shaken by
the repercussions of a worldwide depression -- whose causes could be traced
back to the war.” - The Depression in the United States--An
Overview
Hoover tried, but made
no economical difference after the stock market crash. The more popular Roosevelt argued that the
Republicans are the blame, because of their excessive tariff laws. Hoover argued
that the country’s foundation was fine, just shaken by the worldwide Depression
stemming from the war.
The more things change,
the more they stay the same. I agreed with what Hoover said about the cause of
the Depression being tracked back to the war.
Wars are expensive! According to http://costofwar.com/
as I type this summary, America has spent a rapidly growing $1,145,623,550 on the
cost of war in Afghanistan and Iraq since 2001. People have committed suicide
over the stock market fluctuations, but America still stands.
Valerie
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