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Hoover Vs. FDR

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Hoover vs. FDR

Michael M. Pg. ? PAGE ?1? Hoover vs. FDR Michael M. Pg. ? PAGE ?1? Hoover vs. FDR Herbert Hoover FDR Philosophy Philosophy Blamed depression?s severity on international economic situation. Expanded role of executive branch by centralizing decision making therein. Promised to eliminate poverty in election. Favored private job reliefs outside private sector. Believed in Voluntarism, or relying on the business community to help the system by keeping up wages and production. ?savior of capitalism?. Raised and lowered taxes based on budget. Abandoned gold standard to manipulate the dollar. Gave tax cuts to wealthy (trickle down) New Deal hoped for rise in prices due to government induced scarcity. No direct federal help to the unemployed.

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