Funds would be advanced out of federal aid for highway construction due in 1935, and the states were to repay them later. ", joan hoff wilson in herbert hoover: forgotten progressive. Americans who managed to hold on to their jobs saw their salaries cut. He wrote a statement for a reluctant Secretary of the Treasury Andrew Mellon to issue, saying that conservative bonds, in contrast to speculative stocks, were undervalued. An increase in the price of a stock means that more people want to buy that stock, making it more valuable. He received an excellent education in geology and participated in college politics. When World War I (1914–18) broke out in 1914, he found his opportunity. 1988. Hoover acquired the label of the "Great Humanitarian" for his Herculean efforts to stave off starvation and material privation in postwar Europe. Hoover received the blame.
Hoover had become a millionaire by the time he was forty years old. The Hoover Administration: A Documented Narrative. The most memorable event was the gathering of World War I veterans in Washington, D.C. During his presidency, however, even when the Republicans controlled both houses of Congress in the first two years, he proved too progressive for the conservatives and too conservative for the progressives. Hoover's trust in the generosity and initiative of his fellow citizens was naive, and had he not finally come around to provide some federal aid and then been replaced by the New Deal, it might have proved disastrously naive. O'Brien and Rosen, "Hoover and the Historians" part one (1981) pp 36-38.
An American Epic, 4 vols. Aid for the unemployed, homeless, or hungry did not exist, and Hoover refused to grant government money to help those most affected by the Depression. Uncommon Americans: The Lives and Legacies of Herbert and Lou Henry Hoover. Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. U*X*L Encyclopedia of U.S. History.
He brought to his work ample technical and administrative skills, but more particularly the relentless energy and forcefulness of his personality. His efforts failed.
Bettmann Archive/Getty Images (August 10, 1874; October 20, 1964) Thirty-first president of the United States (1929–1933).
His presidency was devastated by the stock market crash of 1929 and the ensuing Great Depression. After leaving office, Hoover did not comment publicly on the Roosevelt administration for two years. One particular reflection of his early life came in his relief efforts during the era of World War I: helpless, bereaved, abandoned people could count on his aid, though others had not always aided him.
Hoover also viewed the Japanese as a potential ally against the Soviet Union, which he saw as a much greater threat. In 1914 he served as director of the American Relief Commission in England, which helped one hundred twenty thousand U.S. citizens return home after being stranded at the outbreak of the war.
Among its numerous activities, the ARA directed coal mines and railroad operations and ran a delousing program to obliterate the typhus epidemic that cost over 10,000 lives in eastern Europe. He was named chairman of the Famine Emergency Commission and stayed in the public spotlight traveling, giving speeches, and writing. Yet he remained steadfastly opposed to the idea of starting big public works projects to give people jobs, as the Democrats were suggesting.
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