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Why didn't Harry Truman blame Herbert Hoover for the Great Depression?

Harry said, "The Depression wasn't caused by Hoover but made for him"

That is true because the Depession started in Germany after WW1 when the country was devastate economically by the war. The British blockade of German ports during the war prevented food from getting into the country. The German government sent farm workers to the front to fight the war while neglecting to organize women to produce food. At the end, the people including the troops were starving.

When the war ended, Germany got no help from anyone. The French and British imposed penalties that further weakened the country. The depression started there with people scraping the bottom of sewer covers with a spoon to eat the scum for nutrition.

That cascaded around the world and eventually reached the markets in this country.

However, Hoover did too little, too late to stop the bleeding. The single shining example of his attempt to create jobs is the Hoover Dam. He could have done more. FDR did.

Massive government spending by the FDR administration along with regulations stopped the bleeding. Money started circulating and jobs became available. Laws restricting banks from risky adventures were passed. With the preparation for WW2 our depression ended.

It is government spending that stops economic depressions and recessions. The worse the problem the more money it takes.

The banking laws were eliminated under Clinton. We didn't have to wait long for the disaster, we now call the Great Recession.

5 Answers

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    I always thought that the lack of regulations on the stock market were much more to blame than the german situation (as far as size of impact)...the german situation was much more to blame for the start of WWII than the great depression in the U.S....

    and hoover was the secretary of commerce from 21 to 28... which was probably a position where he would have done something about it...

    I would lay a good chunk of the blame as his feet...

  • meg
    Lv 7
    7 years ago

    I assumed it was because Hoover took office in March 1929 when the economy was already in trouble and by then it was not in the president´s power to prevent the market crash in October.

  • Anonymous
    7 years ago

    How about blaming FDR since he was president from 1933 and all through the 30's when the Depression hit Americans the hardest. He might not have been president when the stock market crashed in 1929, but his policies did little or nothing to put the country back on track for the first 8 years of his presidency. Thank goodness for World War II, or else it might have lasted a lot longer! Nothing turns the economy around like a war effort.

  • ?
    Lv 7
    7 years ago

    Maybe they didn't go in for all the blame gaming back then as now.

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  • Anonymous
    7 years ago

    Hoover was blamed for doing nothing to help the poor during the Depression.

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