Fear The Boom And Bust
New member
In school I learned that Hoover sat back because he believed in free market laissez-faire, and did nothing to help to stock market crash. If that is indeed true, I would like to know why FDR accused Hoover during the 1932 election of having "the greatest spending administration in peacetime in all history" and criticized him for believing "that we ought to center control of everything in Washington as rapidly as possible." FDR's running mate John Nance garner said that Hoover was "leading the country down the path to socialism" kind of funny actually, he promised change and turned out to be the exact same, sounds familiar to me
my source (i know you are going to ask) comes from a 1982 article of Time magazine 'fdr's disputed legacy' (page 23 if you have the article) and from 'great myths of the great depression' from the mackinac center for public policy (page 6)
my source (i know you are going to ask) comes from a 1982 article of Time magazine 'fdr's disputed legacy' (page 23 if you have the article) and from 'great myths of the great depression' from the mackinac center for public policy (page 6)