首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
President Hoover’s Politics During the Great Depression At first everything seemed fine and dandy. America was enjoying one
President Hoover’s Politics During the Great Depression At first everything seemed fine and dandy. America was enjoying one
admin
2011-01-15
39
问题
President Hoover’s Politics During the Great Depression
At first everything seemed fine and dandy. America was enjoying one of the biggest economic surges in the nation’s history. However, even though America benefited from the economic boom of the so called "Roaring Twenties", the imbalance between the rich and the poor combined with the production of more and more goods and rising personal debt caused one of the biggest recessions in history. On Black Tuesday, October 29, 1929, the stock market crashed, triggering the Great Depression, which was the worst economic collapse in the history of the modem, industrial world. It spread from the United States and rippled out to the rest of the world, with banks failing and businesses going bust for over a span of a decade, leaving more than a quarter of the working force in America without jobs.
President Herbert Hoover, underestimating the seriousness of the crisis, called it "a passing incident in our national lives," and assured Americans that it would be over within two months. Hoover did not think that the federal government should offer relief to the poverty-stricken population because he firmly believed in individualism. Focusing on economic programs to help finance businesses and banks, Hoover met with resistance from business executives who preferred to lay off workers. Blamed by many for the Great Depression, Hoover was widely ridiculed.
Hoover’s economy was put to the test with the onset of the Great Depression in 1929. It was his vocal stance on non-intervention that led to Democratic criticism that Hoover was a "sitting duck" president; on the other hand, his more pro-free market opponents also denied he was a laissez-faire president and condemned him for being an interventionist. Hoover tried to restore confidence with a series of speeches but his weak speaking style hampered these efforts. The biggest problem was that his predictions of an upturn just around the comer never materialized. His promises were not delivered and he lost a lot of the public’s confidence.
Together, the government and businesses actually spent more in the first half of 1930 than the previous year; yet frightened consumers cut back their expenditures by ten percent. A severe drought ravaged the agricultural heartland beginning in the summer of 1930, while foreign banks declared bankruptcy, draining U.S. wealth and destroying world trade. The combination of these factors caused a downward spiral: as earning fell, domestic banks collapsed, and mortgages were called in. Hoover’s hold-the- line policy in wages lasted little more than a year. Unemployment soared from five million in 1930 to over eleven million in 1931, causing this sharp recession to become the Great Depression.
In 1930, Hoover reluctantly signed the Smoot-Hawley Tariff Act, which raised tariffs on over 20,000 dutiable items. The Tariff, combined with the 1932 Revenue Act, which hiked taxes and fees across the board, is often blamed for deepening the economic depression, and is considered by some to be Hoover’s biggest political mistakes. Moreover, the Federal Reserve System’s tightening of the money supply is also regarded by most modem economists as a mistaken tactic, under the circumstances.
In order to cover the expenses of these government programs, Hoover agreed to one of the largest tax increases in American history. A The Revenue Act of 1932 raised taxes on the highest incomes from 25% to 63%, while the estate tax was doubled, and corporate taxes were raised by almost 15%. B Also, a "check tax" was included that placed a 2-cent tax on all bank checks. During the 1932 elections, Hoover’s opponents blasted the Republican incumbent for spending and taxing too much, increasing national debt, raising tariffs, and blocking trade, as well as placing millions on the dole of the government. C Roosevelt attacked Hoover for "reckless and extravagant" spending, and of leading "the greatest spending administration in peacetime in all of history." D Unemployment rose to 24.9% by the end of Hoover’s presidency in 1933, a year that is considered to be the depth of the Great Depression.
The author mentions the unemployment rates of 1930 and 1931 in order to
选项
A、compare the number of jobless people prior to and during the Great Depression.
B、provide an example of the results of Hoover’s unsuccessful policies.
C、illustrate how thing went from bad to worse during the Great Depression.
D、note the outcome of the downward spiral caused by combinations of reasons.
答案
C
解析
转载请注明原文地址:https://jikaoti.com/ti/T8lYFFFM
0
托福(TOEFL)
相关试题推荐
Youshouldspendabout20minutesonQuestions1-13,whicharebasedonReadingPassage1below.AAmericanstodaychooseamong
MorseCodeMorsecodeisbeingreplacedbyanewsatellite-basedsystemforsendingdistresscallsatsea.Itsdotsanddashesh
Youshouldspendabout20minutesonQuestions14-26whicharebasedonReadingPassage2below.Whatifeverythinghadabarcod
TheInnovationofGroceryStoresA.Attheverybeginningofthe20thcentury,theAmericangrocerystoresofferedcomprehen
TheEvolutionaryMystery:CrocodileSurvivesA.Eventhoughcrocodileshaveexistedfor200millionyears,they’reanything
Theuniversityhasproduceda______toinformstudentsaboutthedifferentaccommodationoptionsavailable.Moststudentslive
Theuniversityhasproduceda______toinformstudentsaboutthedifferentaccommodationoptionsavailable.Thisisthebesta
Atthestartofthetutorial,thetutoremphasisestheimportanceof
Atthestartofthetutorial,thetutoremphasisestheimportanceof【25】
Thereisa______at13WardrockPlace.______mightofferdiscountedaccommodationduringlowseasons.
随机试题
临床以相对值来表示基础代谢率时,其正常变动范围是()
A.甲状腺B.甲状旁腺C.肾上腺D.垂体E.胸腺位于颅中窝内的是
女,45岁。右上腹痛2天。2天前聚餐后突发右上腹疼痛,伴恶心,呕吐胃内容物1次。查体:T37℃,BP130/80mmHg,右上腹压痛(+),Murphy征阳性。血WBC14.1×109/L,N0.82。进一步检查首选()
入睡汗出,醒后汗止,称为
某2500m3高炉工程,总投资约9.3亿元。业主拟自行组织工程施工招标,采取邀请招标方式。招标文件规定向投标人收取投标保证金50万元。问题:①在什么情况下可采取邀请招标方式?②建设工程施工招标必须具备哪些条件?③招标文件应当包括哪些主要内容?④对
根据有关资料对北极的描绘而想象出北极冰天雪地的风光,这属于()
胡锦涛曾说,随着经济全球化不断深入,各国利益相百交织、命运彼此依存。促进普遍发展、实现共同繁荣,符合各国人民的根本利益。现在,摆在我们面前最紧迫的任务是:加强国际发展合作,缩小南北差距,确保实现千年发展目标。胡锦涛就此提出以下几点建议:进一步深化改革,使国
研究显示,一般人随着年龄的增长,用于运动的时间将逐渐减少,而用于看电视的时间将逐渐增多。而且在今后20年,城市人口老年人的比例将有明显的增长。因此木公司应当及时售出“腾达运动鞋”公司的股份,并增加对电视公司的投资。以下哪项不是作出以上推理所必要的前提?
甲、乙两人轮流投篮,游戏规则规定为甲先开始,且甲每轮只投一次,而乙每轮连续投两次,先投中者为胜,设甲、乙每次投篮的命中率分别是p与0.5,则p=________时,甲、乙胜负概率相同。
Theirresponsibleteacherknewthestudentwascheatingbutdecidedtolook______.
最新回复
(
0
)