Montecresto
DP Veteran
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- Aug 9, 2013
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LOL Poor little Herbert. Roosevelt was merely echoing the sentiment of the American people when it came to Hoover. His behavior during the Depression that started on his watch was deeply unpopular. He did virtually nothing to help the American people as they lost all their savings and unemployment rose to 23%. If he had gone begging to Congress for money like Bush did for TARP he might have gotten at least some sympathy for his administration. As it was he was considered cold and aloof from the suffering and he felt that the pain and starvation was inseparable from capitalism, a lot like some on this board behave I'm afraid..
And prior to Hoover, it was Warren Harding that gave us the temporal 'roaring twenties' by deregulating the railroads, banks and other industry which culminated in the very painful depression. FDR, did a very good job of easing its pain, but it was his continual manipulation to involve us in the second WW that really put everybody back to work and ended the depression.