Comparing the Reaction of Franklin D. Roosevelt and...

Comparing the Reaction of Franklin D. Roosevelt and Herbert Hoover to the Great Depression The year was 1929. America goes through the biggest national crisis since the American Civil War. They called it the Great Depression. The Stock Market was going down, unemployment was going up, and money was becoming scarce. The United States had to look up to the one person who could lead the country out of this national catastrophe, The President. At this time the man who had that title was none other than Herbert Hoover. Hoover, A republican, hoped that this was all a nightmare, he hoped that the Depression was a small fluke that would fix itself after a short period of time. After seeing that the Depression was getting worse had to†¦show more content†¦Also Hoover would not, under any circumstances, allow America to be in debt. He thought that taping into the national debt would prolong the depression even make it worse since the government would have to pay interest on the loans. Hoover was a man set on his ways and helped very little with the Depression. In Roosevelt’s inaugural address he declared war on the Depression and asks for an expansion on his powers. When Roosevelt took over the office he summoned Congress to work out his recovery plan. This is a period called the First Hundred Days and contained a program called the First new Deal. Roosevelt started by putting poorly managed banks under control of the Treasury Department and set standards required for someone to start up a bank. This helped people to trust the banking system and caused people to put money into the banking system. Roosevelt also created the FDIC, which guaranteed bank deposits. Roosevelt later started many agencies known as the â€Å"alphabet agencies†. Some of which are the AAA, NIRA, PWA, CCC, TVA, SEC. All of the agencies were created to provide government jobs or help out the situation of the low prices of farm product. Roosevelt believed in the idea of experimentation. He thought that the government should always be doing someth ing, and if an idea doesn’t work than it should be replaced with something else. Roosevelt was able to get the American people on his side by informing them whatShow MoreRelatedHistory of Management Thought Revision17812 Words   |  72 PagesPart Two The Scientific Management Era The purpose of Part Two is to begin with the work of Frederick W. Taylor and trace developments in management thought in Great Britain, Europe, Japan, and the U.S.A. up to about 1929. Taylor is the focal point, but we will see his followers as well as developments in personnel management and the behavioral sciences. Henri Fayol and Max Weber will be discussed, although their main influence came later, and we will conclude with an overview of the influenceRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesat the same time, without serious attention to the processes and misguided policies that led to decades of agrarian and industrial depression from the late 1860s to the 1890s, as well as the social tensions and political rivalries that generated and were in turn fed by imperialist expansionism, one cannot begin to comprehend the causes and consequences of the Great War that began in 1914. That conflict determined the contours of the twentieth century in myriad ways. On the one hand, the war setRead MoreManagement Challenges for the 21st Century.Pdf60639 Words   |  243 Pagesperiod of PROFOUND TRANSITION—and the changes are more radical perhaps than even those that ushered in the â€Å"Second Industrial v vi Introduction Revolution† of the middle of the 19th century, or the structural changes triggered by the Great Depression and the Second World War. READING this book will upset and disturb a good many people, as WRITING it disturbed me. For in many cases—for example, in the challenges inherent in the DISAPPEARING BIRTHRATE in the developed countries, or in the challenges