Topic > The Ins and Outs of the Great Depression - 735

President Hoover handled the Great Depression with various measures to help stimulate the economy, and some programs he introduced became crucial relief efforts. However, Hoover's response to the crisis was limited by his conservative political philosophy. He believed in a limited role for government and feared that excessive federal intervention posed a threat to capitalism and individualism. The reason Americans blamed President Hoover was because he had vetoed several bills that would have provided direct relief to struggling Americans. In the 1932 elections Hoover was crushed by Franklin Delano Roosevelt. As the new president, FDR promoted his new deal, which would ultimately lead America away from poverty. He declared a four-day bank holiday to prevent people from withdrawing their money from unstable banks. On March 9, Congress passed FDR's Banking Emergency Act, which adjusted banks and closed unstable ones. People started to trust banks and have more confidence. The New Deal created millions of jobs, benefited retirees and the unemployed. Workers' rights were improved thanks to the Wagner Act. Although the New Deal had many strengths, it also had its weaknesses. He gave more power to the federal government, and spending on the programs he introduced was expensive. President Roosevelt's New Deal didn't get us out of the Depression, but...