Print
Word
PDF|
This section contains 169 words (approx. 1 page at 300 words per page) |
|
Inaugurated on 4 March 1929, Hoover had been president only seven months when the stock market crashed. Ironically, at the start of his campaign he had declared that Americans were approaching "the final triumph over poverty," and he praised Americans' "rugged individualism" as a solution to the nation's economic problems. When it became clear that the Depression could not be ended without government intervention, Hoover reversed his stand and initiated a series of innovative federal programs in an attempt to counteract the economic downturn. But the economy continued to worsen, and he was handily defeated by Roosevelt in the presidential election of 1932. During Hoover's 1932 campaign one of his critics, Walter Lippmann, observed: "Mr. Hoover has long since abandoned his old faith in rugged individualism. His platform is a document of indefatigable paternalism. Its spirit is that of the Great White Father providing help for all his people...
|
This section contains 169 words (approx. 1 page at 300 words per page) |
|
