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President Herbert Hoover played a proficient role in the intensification and advancement of the great economic depression in America. Research indicates that the President’s conservative policy on government intervention in economic crisis violates the effectiveness of capitalism (Brinkley, 1993). The Great Depression began in 1929, a few months after President Hoover was sworn into office (Levine, 2019). Although a significant percentage of the causative constituents emanated from the previous government’s economic strategies, President Hoover elevated the conditional outlier. An excellent example is opposing the use of federal government reserves to shield from imminent economic downfall. As a result, researchers established that businesses liquidate while the unemployment rate increased from 3 to 23% (Levine, 2019). A country’s productivity quotient relies on the implemented government policies on sociocultural, economic, and political outlines.
The U.S government focuses on dynamic philosophical constructs steering the intended growth and development. President Hoover’s government focused on enhancing the empowerment of the citizens while improving the independent state among the Indian Americans. The advocacy for individualism and apt productivity from capitalism attributes to the significant economic success and potent acquisition of wealth among entrepreneurs (Levine, 2019). However, President Hoover’s initiative fostered a contrast on the necessity of addressing the economic crisis. The fall of the stock market decreased the market value of the currency locally and internationally while causing inflation. Ideally, President Hoover’s persistence on individualism and minimal federal government interference rendered the continual consequences and negative impact on the economic foundation.
In conclusion, president Hoover’s failure to institute policies shielding the American economy from the great depression justifies his contributory blame. It is the core responsibility of leaders to incorporate mainframes, improving the well-being of the citizens. However, president Hoover focused on the philosophical constructs with minimal attention to the negative trickle-down effect of the consequences. It is crucial to restructure strategic mainframes based on the conditional outlier of the transactional outlets.
References
Brinkley, A. (1993). The unfinished nation: A concise history of the American people, volume II (Vol. 12, p. 7229). McGraw-Hill.
Levine, M. (2019). Herbert Hoover and the problem of American Indians.Across the Bridge: The Merrimack Undergraduate Research Journal, 1(1), 4.
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