Wednesday, July 31, 2013

How did Hoover feel about public projects?

History has not been kind to President Herbert Hoover and his response to the beginning to the Great Depression. However, one thing that Hoover did believe was that public works projects could help lift the country out of its economic woes. He did not believe in the massive federal public works projects that his successor, Franklin Roosevelt, advocated, but Hoover did push private businesses in November 1929 to start new construction projects, while urging federal departments to accelerate ongoing projects and doubling spending on public works projects. Hoover also asked states to expand public works projects within their jurisdictions.
In December 1930, with the Depression deepening, Hoover realized ongoing efforts weren't working and asked Congress for $100 million for additional public works projects. He also began pushing for the creation of a Public Works Administration, which didn't come into existence until FDR came into office.
Hoover saw signs of a slight upturn in the economy in 1931 as reasons not to push for massive public works projects, but the economy took a turn for the worse shortly after, prompting him to create the Reconstruction Finance Corporation in an attempt to stave off bankruptcy for numerous businesses. In the summer of 1932, he signed the Emergency Relief Construction Act, which loaned nearly $1.5 billion for public works projects. None of these measures made a dent in the Depression's hold on the country.
Hoover continued to push for public works projects as one of the pillars of his response to the Great Depression to the end of his term of office, but his conservative principles didn't allow him to go nearly as far as FDR did during his first 100 days. The public viewed Hoover's policies as half-measures at best; his supporters viewed his public works expenditures as wasteful and counterproductive, and his detractors framed him as uncaring and unsympathetic.
https://hoover.archives.gov/exhibits/great-depression

https://millercenter.org/president/hoover/domestic-affairs

https://www.u-s-history.com/pages/h1533.html

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