Student’s Name
Institutional Affiliation
Date
The Graphic Memoir Persepolis
Introduction
The Great Depression, which lasted between 1929 and 1939, was the worst economic situation the U.S. has ever experienced in history. The Great depression compromised the Presidency of Herbert Hoover, which led to the tremendous victory of President Franklin D. Roosevelt in 1932 (Gellman and Rung 17). There are quite a several issues that President Herbert Hoover could have considered to address the Great Depression. The first step that President Herbert Hoover could have taken is to understand the primary causes of the Great Depression to better address it (Mutuku 201). Understanding the cause of a problem is usually a step ahead in addressing the issue.
Since the causes have currently been exploited and people now understand the situation better, there are other practical measures the president could have exploited, for example, the federal government could have funded relief, jobs, and infrastructure. These are major areas that have a significant influence on the country’s economy (Gellman and Rung 18). More specifically, President Herbert Hoover’s administration would have established proper policies around the national retirement system, unemployment insurance, disability benefits, minimum wages, maximum hours, and others (Gellman and Rung 15). These policy areas would to a greater extent help in reviving industrial activities.
The monetary hemorrhage experienced during the Great Depression could have been addressed by creating a system of federal deposit insurance and providing the banks with a federal license. This strategy would have restored confidence in the banking system, leading to economic recovery (Mutuku 200). The creation of more employment opportunities to reduce the number of unemployed was a better strategy. Experts believe that World War II contributed to the ending of the Great Depression due to many job opportunities that were available in the military sector that employed many people (Gellman and Rung, 16). These are just but a few strategies among many, that President Herbert could exploit to address Great Depression.
Works Cited
Gellman, Erik, and Margaret Rung. “The Great Depression.” Oxford Research Encyclopedia of American History. 2018. https://doi.org/10.1093/acrefore/9780199329175.013.336
Mutuku, Caroline. The Great Depression. München GRIN Verlag, 2018.