Policies to end the Depression: Hoover vs. Roosevelt

... Policies to end the Depression: Hoover vs. Roosevelt By Carina Uehr "T his campaign is more than a contest between two men. It is more than a contest between two parties. It is a contest between two philosophies of government." - H. Hoover W hen Wall Street crashed in 1929, it spelled the end of a decade of excess. In the 10 years preceding this dramatic event, life (for the middle class upwards at least) had been good. Businesses were booming, and new industries were growing rapidly at a time when consumer confidence was sky-high. When the Stock market crashed on the 24th October 1929, consumer confidence slumped. No-one wanted to spend money anymore, choosing instead to horde it in wait for better times. Even before the Crash, businesses had found that no-one would buy their goods anymore, because everyone who could afford them already had them! Faced with massive losses, bosses cut down production

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