The only problem with Capitalism is greedy capitalists!
The Wonder Boy!
Invigorated the country
Secretary of Commerce
"There could not be a finer one”
Al “coholic” Smith
Party of Rum, Romanism and Ruin!!!
"Americans knew they may have more fun with Smith, but that they would make more money with Hoover."
"We in America today are nearer to the final triumph over poverty than ever before in the history of any land."
“ We have passed the worse and shall rapidly recover!”
Causes of the Depression
Too much supply, not enough demand!
"My candle burns at both ends; It will not last the night; But ah, my foes, and oh, my friends - It gives a lovely light"
Loss of income
Banks in the market
Foreign countries can’t help-World Wide problems!
What to do???
Reconstruction Finance Corporation
Revenue Act of 1932
Raise taxes from 25% to 63% on highest incomes
Japan in Manchuria
Good Neighbor Policy
The Noble Experiment
Last president to go right from cabinet post to president
“ Although no one would say it at the time, practically the whole New Deal was extrapolated from programs that Hoover started." –Rexford Tugwell (democrat)
Longest retirement of all presidents-31 years (lived until age 90, October of 1964)
“ I outlived all of those bastards!”
All in the Family?
Is he right?
Boy the way Glen Miller played Songs that made the hit parade. Guys like us we had it made, Those were the days. And you knew who you were then, Girls were girls and men were men, Mister we could use a man Like Herbert Hoover again. Didn't need no welfare state, Everybody pulled his weight. Gee our old LaSalle ran great. Those were the days.