Hoover and the Beginning of the 1929 - 1933 Great Depression——A Reevaluation of Hoover's Anti-depression Policies
LU Su-yin
Abstract
LU Su-yin
Abstract
This article starts with the question whether the Great Depression is inevitable. Investigations have been made on President Hoover's anti-depression policies as well as the expansion of the Depression between 1929 and 1933. Through an analysis of causes of the Depression, a reassessment of Hoover and his policy during the depression has been taken. As a president setting from 1920's to 1930' s, Hoover was more unfortunate rather than unable, helpless rather than powerless. Some of his policies gave clues to his successors.
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This article starts with the question whether the Great Depression is inevitable. Investigations have been made on President Hoover's anti-depression policies as well as the expansion of the Depression between 1929 and 1933. Through an analysis of causes of the Depression, a reassessment of Hoover and his policy during the depression has been taken. As a president setting from 1920's to 1930' s, Hoover was more unfortunate rather than unable, helpless rather than powerless. Some of his policies gave clues to his successors.
Key concepts: Depression (economics), Great Depression, Keynesian economics, Psychology, Economics, Political science, History, Psychiatry