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Hoover shared this belief, and he sought to avoid a budget deficit through greatly increased tax rates on the wealthy. To pay for government programs and to make up for revenue lost due to the Depression, Hoover signed the Revenue Act of 1932. The act increased taxes across the board, so that top earners were taxed at 63 percent on their net ...
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933.A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe.
Parker, Randall E., ed. Reflections on the Great Depression (2002) interviews with 11 leading economists; Romasco, Albert U. "Hoover-Roosevelt and the Great Depression: A Historiographic Inquiry into a Perennial Comparison." In John Braeman, Robert H. Bremner and David Brody, eds. The New Deal: The National Level (1973) v 1 pp. 3–26. Szostak ...
Hoover argued that it was the American system of liberty that allowed an individual to advance. Orphaned at an early age, Hoover just as Lincoln had done, had advanced in life on his own initiative.
As Hoover's final State of the Union Address, it came at the height of the Great Depression and during the transition period following his loss to Franklin D. Roosevelt in the 1932 presidential election. Hoover's speech reflected the deep economic crisis the country was facing, with unemployment reaching unprecedented levels and widespread ...
The 1930 State of the Union Address was delivered by President Herbert Hoover on December 2, 1930, in the second year of his presidency and during the early stages of the Great Depression. Hoover focused on the government's response to the economic crisis, which included promoting voluntary cooperation between businesses, labor, and government ...
The 1931 State of the Union Address was delivered by President Herbert Hoover on December 8, 1931, in the midst of the Great Depression.Hoover's third address to Congress focused on efforts to address the ongoing economic crisis through both government and private sector initiatives, with an emphasis on cooperation and limited government intervention.
In the past, Herbert Hoover was routinely blamed for the Great Depression, despite taking office less than a year before the stock market crash of 1929 struck, signaling the beginning of an era of ...