It was Herbert Hoover, the 31st President of the United States, who confused not only the United States but also the world because he showed a state-free attitude called the Hoover Moratorium against the Great Depression.
The aftermath of the World War II is not temporary, but it has strengthened the Soviet Union's authority to lead the planned economy, led to the rise of the Nazis in Germany, and the rise of Japanese imperialism. The result was that the fire line to World War was ignited.
Hoover before becoming president
Herbert Hoover was born in Iowa as a Quaker child.
Quakerism is a sect of Christianity, and its outbreak is said to be during the Puritan Revolution in England.
He entered Stanford University in 1891, and after graduating he got a job at a mining technology company based in London. Relief to. At that time, the then president, Woodrow Wilson, supported support for Belgium. After that, he provided food assistance to European regions other than Belgium, and was evaluated as a "great humanitarian".
This made him a favorite of the Republicans, who became Secretary of Commerce when Harding became president, and continued to be Secretary of Commerce when Harding died and Coolidge became president.
At this time, the United States was in an unprecedented economic boom because it did not intervene in the market as much as possible, and it actively supports the Mississippi River when it flooded in 1927.
For this reason, he was elected president in 1928 and became the 31st president of the United States.
31st President of the United States
In October 1929, when Hoover became president, a plunge occurred in the New York stock market, which eventually spread throughout the world. It is the famous "Great Depression" in history.
Leave the market to the market.
This was the basic stance of the Republican Party. This is not limited to Hoover, and it can be said that all American powers supported such state non-intervention.
Hoover therefore did nothing to this unprecedented situation. On the contrary, he simply repeated, "Prosperity is just around the corner." And made things worse.
In 1930, Hoover finally lifted his heavy hips. He enacted the Smut-Holey law to raise tariffs and strengthen protectionist trade to protect the domestic economy, but at this time, the United Kingdom and France also called it a block economy and planned to carry out economic activities only within their own territory. It was totally ineffective because I adopted.
The economy was stagnant all over the world, and what Hoover did was nothing more than anointing the fire.
In 1931, financial institutions such as banks went bankrupt in a domino effect. In response to this, Hoover launched the Hoover Moratorium, which was intended to postpone payment to Germany in order to restore Germany's purchasing power, but it had no effect as a matter of course.
In Germany, the Nazis who showed a breakthrough in this situation grew tremendously.
Not surprisingly, Hoover was not reelected, and Franklin Roosevelt became president in the next presidential election. He was rather motivated to run.
Hoover after that
After his term as president, Hoover has visited Europe and met with Nazi leader Hitler and others.
Perhaps because of this, Europe has fallen into the hands of the Nazis, and even when Britain alone is fighting against Nazi Germany, it has shown its opposition to its support.
In a sense, that kind of air was flowing throughout the United States, but perhaps because Japan attacked Pearl Harbor in the United States, the flow changed. It can be said that the snake was struck by poking the bush, and the United States, the strongest nation, took the opportunity of this incident to pluck Germany. Germany itself was a bush snake because it fought against the Soviet Union and detonated itself, but this made it no longer possible for the Axis powers to win 1%.
By the way, Hoover hates Stalin and criticizes Roosevelt and Churchill who have teamed up with Stalin, and when he came to Japan, he told McArthur that Japan's Pearl Harbor was designed by Roosevelt. He said he was looking for an excuse for his war and used Japan for that.
Hoover died in 1964. He was 90 years old.
Unfortunately, Hoover was almost incompetent as the president, but he is actively providing postwar food assistance to Japan and Germany, and without Hoover, Japan's postwar reconstruction might not have been possible, and the president. Other than that, he was a very good person.
Hoover also provided food assistance to post-revolutionary Russia, providing food assistance regardless of ideology, belief, or race, and in that respect, it can be said that he was a humane person along with Woodrow Wilson among the Presidents of the United States. Let's go.
Hoover was not the cause of the Great Depression, and the fact that he did not intervene in it should not be criticized in the light of the times. Keynes's modified capitalism came after the Great Depression, and the perspectives he sees later and in his time will be very different.
However, even if it is discounted, it is certain that the Great Depression has spread, and it seems appropriate for the president to evaluate it as incompetent.