Republican President Hoover believed strongly in the Republican philosophy--do not let government oversee economy and corporations--which eventually led companies to abuse their powers that resulted in the Great Depression. Even during the Great Depression Republican President Hoover followed the Republican Philosophy- -Government MUST NOT Help The Needy Under ANY Circumstance Because "They Will Then Be Depandent Upon Government". A Clear Example of This Republican Philosophy Is Also Present In The Way President George W. Bush Responded To Hurricane Katrina- -Wait Four Days And Let Them Suffer, And THEN Go In And Help.
The shit that was laid upon America by Republican President Hoover was fixed By Democrat Franklin D. Roosevelt who followed the Democratic Philosophy--Government Has A Duty To Help The Poor And Needy.
Saved millions of Belgians from starvation after WWI with his own money. Railed against rampant speculation as early as 1925. At this time there was no SEC to oversee Wall Street (NYSE). Wall Street was under control of the State of New York. Guess who was Governor of New York at that time? That's right; FDR. Franklin Delano Roosevelt. He encouraged speculation until the bottom fell out in 1929. Care to guess who was left holding the bag?
Hoover was now out. But for 12 years, FDR oversaw the Great Depression. It was only by entering WWII that the country was able to turn around. Not his alphabet soup programs.
Don't get me wrong; FDR was a great unifier. But Hoover's name carries a little too much burdon.
"I had to cover for Joe's mistakes. At the meeting everyone thought it was my fault and Joe was the hero. I got the Herbert Hoover from the Boss."