Was hoover strongly criticised by economists of the time?
not so oddly a majority of economist agreed with Hoover and it was Franklin Delano Roosevelt whose ideas were seen as dangerously radical even socialistic and it was only because America was so desperate that FDR was able to get his agenda through but the majority of economic experts felt that the less intervention by government the better. Now reform of tax laws and laws about trading, those were separate issues – – – many economist were willing to agree that Wall Street and Banks across America did engage in dangerous trading practices and out & out corruption and crime – – – but as for allowing the economy to correct itself, that was pretty much the norm. In fact America had been going through Boom & Bust cycles since its inception and people pretty much accepted that was how things were. Throughout the 1800s there were periods of booming prosperity followed by depression misery and want. People p^ssed and moaned about unemployment and shed tears over hordes of hobos tramping the la
