Hoover's Economic Reform

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Initially, under the Hoover administration, the government did not do much to intervene on the economic crisis. Hoover was a strict constructionist, who believed that it was not in his power to intervene on the Great Depression. He feared that too much intervention or coercion by the government would destroy individuality and self reliance. Instead, Hoover held a stance on the economy that was largely based on voluntarism, expecting churches and other social institution to aid the poor. However, as unemployment and poverty grew, many became unsatisfied with Hoover’s take on the depression. Later on, under Franklin D. Roosevelt’s presidency, the “First New Deal” was created in 1933. It introduced programs such as the National Recovery Administration, which sought to stimulate demand and provide work and relief through increased government spending. The NRA…show more content…
Bennet initially refused to centralize government and have the federal take responsibility for recovering the economy. He personally assisted from his own pocket to the many people who wrote him begging. However, he insisted that it was the provinces responsibility for social welfare. When re-election came around, R.B. Bennet decided to change his initial policy, and planed for a New Deal of their own after constant begging and wishing for federal aid. The Canadian New Deal was passed by 1935, and introduced policies that called for minimum wage, unemployment insurance, and other relief programs. However, this effort was largely unsuccessful, and the provinces challenged the rights of the federal government to manage these programs. As a result, the failure of Bennett’s New Deal legislation shifted the burden of the economy back to the provincial levels of the state. Provinces such as Ontario created acts such as the Industrial Standards Act, which was designed to have the state bring workers and employers together to establish minimum wages and work standards
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