Comparison of Events

The problems in the left column are revealed in the Hoover administration, but they were caused by economic events and decisions before his administration and beyond his administration.

* + (date) = Alteration in this law                Blue = occurring in the 1st 100 days of Franklin Delano Roosevelt’s New Deal

Problems Revealed in Hoover’s Administration

Solutions Attempted in FDR’s New Deal

Protecting freedom of information


Bankers – embezzling funds and speculating in stock market


Gold Standard


Stock Market

-          Insider trading

-          Margin buying

-          Fraud

-          Sales to the public of stock but no required disclosure [1]


Business Not Producing

         Businesses are hurting

         Workers are hurting (Scroll down for growing pressures from 1934, especially with the shift to union organization by industries.)

         Market saturated






People on the edge


         old (Scroll down for growing pressures by 1934)





         market saturation

         farmers are hurting

         farm labor is hurting (25% of work force)



1. Pressures from John L. Lewis’s development of the CIO (Congress of Industrial Unions) and a split from the old American Federation of Labor, pressures in 1937 from industries (see Ford, Republic Steel) and the CIO’s sit-down strike

2. From 1934 to the act creating Social Security (pension for old, aid for widows and orphans, unemployment insurance), pressures from left and right – Father Coughlin (Radio Priest), Dr. Frances Townsend, and Huey Long (Louisiana governor and later senator - nicknamed the “King Fish”)

3. Pressures from the Supreme Court: The Court had declared NRA and parts of AAA unconstitutional. FDR planned an increase in Supreme Court justices (disliked by Americans). The Court, however, backed off. Both the Wagner Act and Social Security were not declared unconstitutional.


Copyright C. J. Bibus, Ed.D. 2003-2013


WCJC Department:

History – Dr. Bibus

Contact Information:

281.239.1577 or

Last Updated:


WCJC Home:


[1] Public offering (stock sold to the public) regulated only by the private stock market that did not require accuracy and disclosure of information.