Example Of Essay On History: Questions & Answers

- How did President Hoover respond to the Great Depression?
President Hoover did not increase the control of government on the economy. Instead, President Hoover encouraged business owners to make sure that the wages given to their employees were higher. President was of the view that if the wages remained higher the purchasing power of the US citizenry would not be affected. However, this did not work well for business owners; they had to reduce the sizes of their workforces so that they would maintain high wages. With all the layoffs taking place the purchasing power of the general public declined thereby causing businesses to lay off more workers. Therefore, President Hoovers Keynesian approach to the Great Depression did not work to alleviate the suffering that people were experiencing at the time.
- What were the main goals of the New Deal?
The main goals of the New Deal were to enhance economic recovery of the United States. Federal government directed federal funding towards banks that had been affected by the collapse of the stock market during the Great Depression. The New deal also sought to create jobs for millions of Americans who had been laid off after the great depression. The new also aimed at improving infrastructure and other public institutions such as bridges, roads, and schools. Finally, the New deal was also meant to uplift the face of American families and society by making sure that families were employed and able to provide for their families.
- How did the Second New Deal differ from the first?
The first New Deal was meant to deal with the immediate problems that Americans experienced during the Great Depression. Some of the immediate measures were to make sure that unemployed Americans were put back to work and welfare was extended to them. On the converse, the Second New Deal sought to create sustainable economic policies that would be effective in the long run. Some of the programs that were adopted in the Second New Deal were the creation of real jobs rather than letting Americans to depend on welfare. It was also through the Second New Deal that important legislation, the Social Security Act of 1935, to protect the elderly and the unemployed were passed.