Worst Presidents: Herbert Hoover (1929-1933)

edwards rant

he raised taxes because he had the conservative view that the budget should be balanced and not go off the gold standard mate ps calm down

Joy Clark you don't have a clue

Have you ever heard of the Revenue Act of 1932? It doubled the income tax and raised the top rate to 64%!!!! Yet you repeat the mantra that "Cutting taxes in not the only thing Conservatives value". Learn about Hoover before spouting off nonsense of how "he believed the market would naturally self-correct". Hoover was a progressive who believed in the engineering of society, and he supported Theodore Roosevelt during his time. Hoover believed that laissez-faire capitalism was outdated, and Calvin Coolidge and Warren Harding, who had much more respect for the free market, usually REJECTED Hoover's advice. Hoover bailed out states for them to give aid to people. He also told businesses not to cut their wages, right after the 1929 crash, because he thought high wages caused prosperity.

Your statement that Hoover "did nothing to prevent further economic losses because he believed the market would naturally self-correct" is a total myth (I'll give you the benefit of doubt and not call it a lie). Hoover did a lot of things, and what he did made the economy WORSE!!! We've had many presidents, such as Van Buren and Harding, who rejected government intervention in depressions, but Hoover was not one of them. And guess what: Neither Van Buren's nor Harding's depressions were as bad!!!!! Those depressions are hardly remembered in the scheme of history because those presidents allowed prices to fall!!!

Hoover Was Indeed a Conservative

Sorry Edward, but Hoover was absolutely a conservative. He governed when the economy was deteriorating, but did nothing to prevent further economic losses because he believed the market would naturally self-correct, and that government intervention would be harmful. Hoover was unwilling to give direct federal aid to workers displaced by the Depression due to his belief that such assistance would destroy character and initiative. Later Hoover, when negotiating failed, willing to allow the federal government to step in to help companies, but still not individuals. You know, the conservative love of big business but not the little guy. Cutting taxes in not the only thing Conservatives value.

Completely Wrong

Hoover was not a conservative, he was a government activist that didn't lower taxes, he raised them from 25% to 63% and enacted protectionist policies. This article is a gross slap in the face to the facts of history.

true leadership!!!!!

we need this kind of leadership today..... A leader that reqires a person to work for what the government gives them. Now all we have are officials to scared to hurt someones feelings so as not to get re-elected.

Army Veterans Of Hooversville

Hoover also had Hooversville destroyed. Leading the charge to follow Hoover's orders was no other than "Douglas MacArthur." Maybe if the American veterans were Filipino veterans, things might have been different. Go figure!

Herbert Hoover

Many forget that in the last 2 years of Hoover's administration that ther was a substantial Bull Market. Roosevelt and the new Deal brought the market crashing down.

If Hoover has remained as President, his policies, contrary to Roosevelts, would have brought the depression to an end in the late 30'S Roosevelt was absolutely unsuccessful in his programs with the unemployment rates the same in 1930 as 1940. In the end, the New Deal was a bust.

Hoover's presidency put us on the right track. Roosevelt turned a recession into a major depression.