Famous quote from President Hoover : " We must must not be misled by the claim that the source of all wisdom is in the government".
President Hoover was the 31st President of the Unites States. He was part of Republican Party and he was well known as the the person that was blamed for the Great Depression. He was held responsible because Hoover believed in a limited role for government and worried that excessive federal intervention created a possible threat to capitalism and individualism. He felt that assistance should be handled at the local level especially on a voluntary basis. As a result of his beliefs, Hoover vetoed several bills that would have provided direct relief to struggling Americans. Many believed that because Hoover did not allow the needed bills to pass, the Great Depression happened. Banks and businesses failed across the country. Nationwide unemployment rates rose from 3 percent in 1929 to 23 percent in 1932. Millions of Americans lost their jobs, homes and savings. Many people were forced to wait in bread lines for food and to live in squalid shantytowns known as Hoovervilles.