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What were the social, economic and political causes of the Depression? Why did the efforts of Herbert Hoover fail to halt the Great Depression?

What were the social, economic and political causes of the Depression? Why did the efforts of Herbert Hoover fail to halt the Great Depression?

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Published by mambablack
What were the social, economic and political causes of the Depression? Why did the efforts of Herbert Hoover fail to halt the Great Depression?
What were the social, economic and political causes of the Depression? Why did the efforts of Herbert Hoover fail to halt the Great Depression?

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Published by: mambablack on Feb 11, 2008
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11/06/2012

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Rizwan AlamWhat were the social, economic and political causes of the Depression? Why didthe efforts of Herbert Hoover fail to halt the Great Depression?After the World War Two and in the twenties, an era in which people weremotivated to live for the short term. After the war Farmers weren’t asked for thenecessary products during the war, businesses who made uniforms, and other armyneeds had to let go of the people who they hired during the war, which mostly werewomen. Harding and Coolidge, both full of morality and conservative ideas andstaff, could not think of ideas to get the nation out of poverty. Then came theeconomic genius, Herbert Hoover, who himself rise from poverty, he used radio tocommunicate with the nation and poor people of America got a light of hope andtherefore Hoover, in 1928, Hoover triumphed in a landslide with 444 electoralvotes to Smith’s 87. People of United States of America in 1920’s were gettingthemselves into loans and buying all the products they wanted, but eventually itbecame an economic chaos and Hoover, who had no political background orexperience, was the last hope for some Americans, but if he didn’t came to be whatthe people saw him when elected, the only result to the Great Depression would beanother war.World War I had given the farmers prosperity, as they’d produced much foodfor the soldiers. This gave farmers enough money for them to spend it onexperiments to improve and fasten up the pace of producing such goods, and theytriumphed in making such products like the gasoline-engine tractor, but when thegovernment refused to pay or buy products at such pace, these technologies becamea huge factor in their disadvantages and eventually fell into poverty. McNaryHaugen tried explaining the government and the president through his bill, whichsought to keep agricultural prices high by authorizing the government to buy upsurpluses and sell them abroad, helped a little. Unfortunately the presidents ofthat era believed the business of America was its business, and therefore Coolidgedidn’t think critically when it came to the poverty of the farmers and vetoed thebill twice.Business of America is its business. Too much attention to the business andindustrialized world was probably the biggest contributor in crashing and injuringthe American economics. Many businesses, mostly who were stable, structuredbecause of their history coming into 1900’s, lent money to people and otherbusinesses. This worked great until after the war, when people simply refused topay back. People put their money in stocks and kept buying products which keptmoving the businesses until the people stopped buying because they didn’t neededany more products. This eventually led the businesses and lenders to top investingand that led to the complete crash of the businesses and the people andorganizations linked with it.Because America demanded that Britain and France pay their debts, those twonations placed huge reparation payments on Germany, which then, to pay them,printed out loads of paper money that caused inflation to soar. This caused even agreater depression in Germany, and made them feel below everyone, which motivatedthem to get revenge and that is a huge factor of why they understood and listenedto let a man in need of medicine run their country, that man named Hitler. in1924, Charles Dawes engineered the Dawes Plan, which rescheduled Germanreparations payments and gave the way for further American private loans toGermany. The Germany asked for debt from the United States of America, and thathelped Germany pay their debts to France and Britain and then they could makeadjustments in their economy and paid off their debts to the USA. This helped nonation but brought anger in them and which drove these countries into the WorldWar Two, hoping to end this depression.Hoover had never been elected to public office before, but he had made hisway up from poverty to prosperity, and believed that other people could do so as

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