Herbert Hoover: Success or Failure?
Herbert Hoover, the 31st President of the United States, prospered at almost whatever he did. He is finest remembered for one failure: the Great Depression.
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Script:
Herbert Hoover, the 31st President of the United States, prospered at nearly whatever he did.
And not simply been successful. He prospered in spectacular fashion– as a mining executive in Australia and China, as a humanitarian in Europe, and as a political leader in the United States.
However he is best known to history for his role in one failure– the Great Depression, a decade-long financial collapse that impoverished millions in America and across the world.
He didn’t cause it. And he made superhuman efforts to reverse it. But no matter how hard he tried, he couldn’t stop it.
It might have been this impressive guy if a single individual might have.
Born in Iowa in 1874, he was orphaned at the age of 9. His dad, a blacksmith, passed away when Hoover was just six; his mother a Quaker preacher, three years later on. Dissatisfied, sullen, and painfully shy as a teen, he came into his own at Stanford University, then tuition-free. Hoover was in the university’s really first finishing class, his discipline being geology.
On graduation, he talked himself into a task with a prominent English mining business. They sent him to the Australian outback. Conditions were so harsh, and illness so rampant, it was almost a suicide mission. But young Hoover was not hindered. He reorganized the business’s mines, made them a lot more profitable, and searched for brand-new ones. A cash cow he acquired, mostly on his own initiative, turned out to be one of the richest worldwide.
When World War I broke out and he abruptly deserted his service career, he was on track to become wonderfully rich.
In a matter of months, he changed himself into a globally acknowledged humanitarian. Nearly solitarily, he organized to feed eight-million Belgians threatened with starvation when the war cut off their food materials.
In 1919, with the guns finally silenced, Hoover was charged by President Woodrow Wilson to lead the rebuild of Europe’s devastated economy. He tackled the task with typical relentless energy and saved 10s of millions more from hunger.
In 1921 the newly chosen Republican President, Warren Harding, tapped Hoover to be Secretary of Commerce. When Calvin Coolidge took over following Harding’s unexpected death in 1923, he remained on. Throughout his tenure, Hoover prepared for America’s industrial air travel industry. He also arranged the structure of the Colorado River dam that now bears his name and enabled the rapid economic advancement of the American southwest. And when devastating flooding struck the Mississippi River Valley in 1927, it was Hoover who handled the effective and enormous relief effort.
By the time he won the Republican governmental nomination in 1928, he was hailed as a man “whose knowledge encompassed all branches, whose judgment was never at fault, who knew the responses to all questions, and who might see in the dark.” His election was never ever in doubt. He won quickly.
Yet just six months after Hoover’s inauguration, in the fall of 1929, the stock exchange crashed. Gradually and inexorably, the United States followed the rest of the world into the Great Depression. Nevertheless certified he was for the presidency, Hoover was no match for the worst financial collapse in modern history, a worldwide phenomenon rooted in the still-unresolved upheavals of the First World War, and far beyond the capabilities of any one leader to resolve.
His political opponents would later claim that he rested on his hands through his 4 years in workplace. Hoover, in reality, fought the Depression with vigor and imagination. He broadened the federal government’s toolkit for handling the economy and made even more progress in restricting the Depression’s damage than is generally recognized.
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source
Herbert Hoover, the 31st President of the United States, was successful at almost whatever he did. In 1919, with the guns lastly silenced, Hoover was charged by President Woodrow Wilson to lead the restore of Europe’s devastated economy. In 1921 the freshly elected Republican President, Warren Harding, tapped Hoover to be Secretary of Commerce. Qualified he was for the presidency, Hoover was no match for the worst financial collapse in modern history, a worldwide phenomenon rooted in the still-unresolved turmoils of the First World War, and far beyond the capacities of any one leader to solve.
Hoover, in truth, combated the Depression with vigor and creativity.
