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Buy Your Essay Our professionals are equipped to generating any college exploration project for your needs,.. What our customers say. Order now or Check prices. There he met his future wife, Lou Henry, at the time the first female student of the university, studying geology. They married in As a student Hoover has shown outstanding capability in mathematics, geology and mining industry. After graduation, Hoover for almost twenty years had been a successful mining engineer and businessman abroad, having the main office in London, and soon became an internationally renowned expert of mining.
World War in found him in London. Since then, he devoted himself to a humane purpose, first organizing aid agencies of Belgium. After the war he was organizing the food aid to war-torn Europe, including the support to Soviet Russia, which was suffering from hunger. In American history we can see the alternation of conservative and liberal political cycles; conservative cycle, stimulating economic growth at the cost of deepening social inequality, gave the way to liberal cycle, during which the principles of social justice developed, but when the redistributive mechanism threatened the economic growth, the Liberals were replaced by conservatives.
Thus, competition between conservatives and liberals helped to maintain a kind of balance between economic freedom and social democracy Nash G. The World War I led to the radical changes in the political and economic arena of the world. The World War filed unprecedented demands to the economy.
It swallowed a huge amount of wealth of mankind. Military expenditures of the warring countries increased in more than 20 times, exceeding 12 times the cash reserves of gold. America turned to be a creditor instead of its role of a debtor. Its economic power increased during the war, the country had a large army and navy. In addition, it was a time of confrontation between capitalist and socialist systems. The confrontation led to the two main trends in the systems of economic policy in capitalist countries: The first trend was likely for the United States, Britain, France and other bourgeois-democratic countries of the West, the second — for Italy, Japan and Germany.
After the war, Hoover supported Wilson in his desire to join the League of Nations. In , when Hoover finally returned from abroad, he became a possible Republican candidate for president, and reformist forces of both parties fought for him.
In Harding made him a Minister of Trade. In this position he worked in a spirit of informal, voluntary cooperation of the Government with the business world. As the trade minister he developed the statistics and economic analysis, research of the market and industry, as well as exchange of information within the business world. He was totally for the cooperation between employers and trade unions, for an active policy against unemployment and for the development of housing, roads and air traffic.
All this was supposed to be achieved not so much by state coercion, but by voluntary collaborative efforts of private entrepreneurs Wilson J. At the very beginning of his administration he got from Congress a creation of the Federal farm management and intended to reform antitrust laws, distribution of electricity, rail transport, stock market and banking sector.
However, the October stock market crisis of created a situation radically different from those in which all his predecessors had worked. Hoover did not agree with his Minister of Finance E.
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