The Roaring Twenties – the end.

“What the hell has Hoover got to do with it (his salary being larger than that of the President). Besides, I had a better year than he did.”       Babe Ruth 1930

Coolidge had been reluctant to choose Hoover as his successor and on one occasion he remarked that “for six years that man has given me unsolicited advice – all of it bad.” Coolidge had no desire, however, to split the party and did not intervene in the selection of Hoover as the candidate of the Republican Party, a decision that would have unfortunate consequences for the nation and prove Coolidge’s remark to be incredibly accurate.

Herbert Hoover (1874-1964) won the 1928 election in a landslide riding the wave of prosperity from the Roaring Twenties. The people were soon to understand that not all Republicans are alike. Hoover was a Republican progressive in the mold of Theodore Roosevelt and had supported the “Bull Moose” Party in 1912. The “Progressive Movement” had been declared officially dead in 1924 with the defeat in the 1924 elections of Robert LaFollette, its founder. We all know of course that “Progressive” is just a term that socialists use to hide under and so, after 1924, they started hiding under the term “Liberal” – nonetheless it is all the same and their basic approach never wavers. Hoover was never tagged as a Progressive Republican, even though that was exactly his approach. Hoover was not a conservative and today would be labeled a RINO.

Hoover’s one term was bound up with the Stock Market Crash that occurred shortly after he took office and the subsequent Great Depression that rocked the nation economically. Unwittingly, Hoover’s reaction to these cataclysmic events formed the blueprint for the subsequent actions by the Roosevelt administration that extended and prolonged the misery. When the Depression struck Hoover responded with large scale government intervention, a policy that sealed his doom.

At the outset of the Depression Hoover rejected Treasury Secretary Mellon’s suggested “leave it alone” approach and called many business leaders to Washington to urge them not to lay off workers or cut wages – the beginning of many bad decisions Hoover was to make. Hoover adopted pro-labor policies after the stock market crash that accounted for close to two-thirds of the drop in the nation’s gross domestic product over the two years that followed, causing what should have been a recession to slip into the Great Depression. Hoover raised the top Income Tax Rate from 25% to 63% and made increases in the corporate income tax rate and the estate tax – all policies that as we have seen only make the situation worse. The Federal Reserve was not helpful at all, reducing the nation’s money supply when the opposite remedy was required. One can make a strong argument that this was intentional on the part of the Federal Reserve since the forces of liberalism dominated the Fed and they realized that this was necessary to counteract the success of Conservative Republican policies from the Harding/Coolidge administration.

In the election of 1932 Franklin Roosevelt cynically blasted the Republican incumbent for spending and taxing too much, increasing national debt, blocking trade, and placing millions on the dole of the government. Roosevelt attacked Hoover for “reckless and extravagant” spending and of thinking “that we ought to center control of everything in Washington as rapidly as possible.” The Democratic vice-presidential candidate, John Nance Garner, accused Hoover of “leading the country down the path of socialism.” All of these assertions were of course correct. The fact that Roosevelt subsequently did these same things in an even more drastic manner was later conveniently forgotten by anyone associated with his administration.

The charge that Hoover was responsible for the Depression stuck and Hoover suffered a large defeat in the 1932 election. After the election Hoover requested that Roosevelt retain the Gold Standard as the basis of the U.S. currency – Roosevelt refused.

Hoover lived until 1964 and his good works from the period 1933 until his death restored his image in the eyes of many. Hoover was rather the Lazaro Cardenas of the United States – a good man with a flawed vision. His intentions were good but his policies were to begin a period in American history that many people who lived through them were to remember with grief and anguish. The descent into socialism was once again on track and nothing would be able to stop this freight train now that it was moving at a fast clip.

 

 


10 Responses to "The Roaring Twenties – the end."

  1. Yes, my grandmother lived through the depression. She was 99 when she passed in 2010. Rarely does something affect your life so severely that your actions and fears are forever in anticipation of it happening again. She lived very modestly. She was thankful for every dime she had. She did not spend frivolously or compulsively. She was independent, proud, self sufficient and is missed every day. Its a shame people don’t remember.

    • My granparents were alive during the Depression. When they were alive they have frugal means. They didn’t out to eat much…when they did in was a big deal! My granparents has a large garden. My granpa was a fishmen and a hunter. They loved to go camping.
      They told me about eating onions sandwiches. If was a good sandwich. They would a couple of pieces of bread. And big dollop of lard. And but a slice of onion. And that would be a good sandwich and would fill up your tummy.
      I have never have an onion sandwich! I hope be never has to things eat that anymore.
      The grandparents were patriots! My grandpa was a WWII soldier! My granma was a war bride. She worked until until Grandpa came home.

  2. Many who lived through the depression became pack rats who saved everything in case they could use it for something else. Raising their children the same way. Nothing was wasted. Now people won’t eat leftovers or reuse anything. Perfectly good cloths are thrown out like garbage instead of passing them to someone who could use them. Today we are a throw away society which will hurt the common person when the government finally becomes the socialist entity that it is moving towards.

  3. Trump has the whole world against him since he refuses to play by either the socialism or banker global rules. He is a one man army and may God help him not cave in or get shot unless of course he does something to deserve being labeled a traitor.

    He is a ? mark in the US and that’s throwing everyone for a loop as they don’t know which way to move their chess pieces.

  4. Hollywood is about to crash due to people not going to the theater because they are sick of trans gender crap and women being stronger then men pushed in their face.

    Hell Star Trek Discovery the writers admitted on record that the Kingalongs I mean Klingon’s are based off of rabid Trump supporters with no basis in reality.

    Star Trek has always had liberal ideas mixed with thinking but it was never in your face and always left you having second guesses or thoughts.

    The original Star Trek with Spock had a lot about the Vietnam war hidden in it but those at the time who were aware would pick it up.

    Sadly Star Trek did not get popular till the 1980s when we went a decade without a single movie as most people were interested in Lost In Space a stupid show that offered very little thinking but in the 1980s the Spock series of movies would come out and spark a renewed interest because the 1970s there were Trekke conventions that fans started attending and demanded more franchise.

  5. The Hollywood Crash is going to be important because a lot of entertainment is tied to it so when Hollywood crashes a lot of sub sections will follow with it making a lot of stuff suddenly not there.

    Now I HOPE the government does NOT bail out Hollywood.

    Do you think Hollywood should be bailed out?

  6. So what happens to USFA now? Is any one still running it?

    I miss the monthly posts but understand the lack of them without Mr. Shupe, but this is not over, is it?

    • No, the USFA is FAR from “over!” We did slow down considerably in October and November, right after the Founder’s untimely death. We are back on track with almost all aspects of the Freedom Army with the exception of new posts to the website. There are a couple of reasons for that – (1) not enough time, and (2) we’re waiting for some modifications to the website that can’t be accomplished without additional funding (about $1,000). If you’d care to help resolve either one of those issues, let me know!

  7. I am a Navy veteran. My oath still holds true joining is logical. I am a trucker and can help in running supplies should it come to that. My Grandma went through the depression. I had uncles who fought in ww2. I saw the protests against Vietnam and thought people attacking our soldiers and sailors were wrong. I was 6 or so.told my dad how I felt. He felt the same and thought I was more grown up than the protestors

    • Mr. Nichols, if you haven’t already, be sure to fill out the enlistment form on our website and submit it – you’ll be added to the USFA roster and begin receiving our bi-weekly newsletters and occasional Call to Action reports.

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