What Was Significant About Herbert Hoovers Response To The Great Depression?
Herbert Clark Hoover born on August 10th, 1874, was a well known humanitarian administrator and the 31st President of America. As the American Commerce Secretary during the 1920s working under presidents like Harding and Coolidge, he encouraged economic modernization. He became the president of America in the year 1929, when the country was hit by the Great depression. The most significant part about Herbert Hoover’s response to the great depression was that he felt there were technological solutions to each and every communal and economic problem. He tried to counter the great depression by implementing quite a few new programs like, “Reconstruction Finance Corporation”, but all of these programs failed because he and the Congress party failed to recognize the devastating consequences of the Smoot-Hawley Tariff Act which was passed in the year 1930, and had throttled American trade, caused disciplinary tariffs and started a chain of global bank failures.
