Better-than-expected earnings from major companies and encouraging comments from St. Louis Fed President James Bullard lifted benchmarks higher on Friday
Cedrick Swift's insight:
Even to this day the stock market borders on the line of crashing. As seen before in the 1930s the stock market has done too well since President Hoover invested over half a million dollars into the market. But people still continue to put millions of dollars into the market.
Hoover Commission- was a body appointed by President Harry S. Truman in 1947 to recommend administrative changes in the Federal Government of the United States.Prohibition- banning of alcoholQuakers- a type of religionBig Game- the rival game between University of California and Stanford University.Froth Flotation- a process for selectively separating hydrophobic materials from hydrophilic.Supreme Economic Council- was established at the Paris Peace Conference in February 1919 to advise the conference on economic measures to be taken pending the negotiation of peace.Progressive Party- was an American political party. It was formed by former President Theodore Roosevelt, after a split in the Republican Party between himself and President William Howard Taft.Associationalism- a political project where "human welfare and liberty are both best served when as many of the affairs of a society as possible are managed by voluntary and democratically self-governing associations.Levee- an elongated naturally occurring ridge or artificially constructed fill or wall, which regulates water levels.
10.Solid South-describes the electoral support of the Southern United States for Democratic Party candidates from 1877 (the end of Reconstruction) to 1964 (the passage of the Civil Rights Act of 1964). During this time, the vast majority of local and state officeholders in the South were Democrats, as were federal politicians the region sent to Washington, D.C.. The virtual non-existence of the Republican Party in the region meant that a candidate's victory in Democratic primary elections was tantamount to election to the office itself.
The American Presidency Project contains the most comprehensive collection of resources pertaining to the study of the President of the United States. Compiled by John Woolley and Gerhard Peters
Cedrick Swift's insight:
This document was written June 26, 1930 to the House of Representatives vetoing the right to the war veterans getting benefits from the government. President Hoover feels like they should be able to provide and take care of them selves and allow the people who need help to get it.
These are 3 letters to Senator Simeon D. Fess from Herbert Hoover. These letters are basically Herbert Hoover's views on the Depression. He stars off by adressing the financial problems in the depression. I honestly feel like the government should've just stayed out of the problem and just let it takes its course of action.
Well I’m here at the White House in Washington D.C. at President Herbert Hoover’s presidential election. The Bonus Army is outside the gates of the White House awaiting there the benefits that they were promised in 1929 for fighting in World War II. President Hoover has just called out the Army and the State Troops to take care of the Bonus Army. Well the election is over and President Hoover won by a landslide.
Hoover, a globally experienced engineer, believed strongly in the Efficiency Movement, which held that the government and the economy were riddled with inefficiency and waste, and could be improved by experts who could identify the problems and solve them. He also believed in the importance of volunteerism and of the role of individuals in society and the economy. Hoover, who had made a small fortune in mining, was the first of two Presidents to redistribute their salary (President Kennedy was the other; he donated all his paychecks to charity). When the Wall Street Crash of 1929 struck less than eight months after he took office, Hoover tried to combat the ensuing Great Depression with volunteer efforts, public works projects such as the Hoover Dam, tariffs such as the Smoot-Hawley Tariff, an increase in the top tax bracket from 25% to 63% and increases in corporate taxes. These initiatives did not produce economic recovery during his term, but served as the groundwork for various policies incorporated in Franklin D. Roosevelt's New Deal. After 1933 he became a spokesman in opposition to the domestic and foreign policies of the New Deal. In 1947 President Harry S. Truman brought him back to help make the federal bureaucracy more efficient through the Hoover Commission. The consensus among historians is that Hoover's defeat in the 1932 election was caused primarily by his failure to end the downward economic spiral. Hoover is generally ranked no higher than average among US Presidents.
Herbert Hoover was born on August 10, 1874, in West Branch, Iowa, the first of his office born in that state or even west of the Mississippi River. His father, Jessie Hoover, was a blacksmith and farm implement store owner, of German (Pfautz, Wehmeyer) and German-Swiss (Huber, Burkhart) descent. Herbert's father and grandfather Eli had moved to Iowa from Ohio twenty years prior. Hoover's mother, Hulda Randall (Minthorn) Hoover (1849–84), was born in Norwich, Ontario, Canada, of English and Irish descent. Both parents were Quakers.
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