Trump and Reagan are a lot more similar, the one difference being social issues. However, even Trump is moving towards the base on those, for example hiring a respected anti-abortion guy recently. Reagan, coming from Hollywood, and having been divorced, evolved in similar fashion.
Hoover is more like Bush 43, the guy who gave us TARP and set the stage for a leftist democrat.
Comparing Trump to Hoover is idiotic. Hoover was a progressive Republican, like Teddy Roosevelt. He was the epitome of the government expert who knows how to tinker with the levers and fix everything. He began the response to the depression that FDR continued. Harding and Coolidge had a similar recession in 1921, and fixed it the conservative way.
Trump and Reagan are a lot more similar, the one difference being social issues. However, even Trump is moving towards the base on those, for example hiring a respected anti-abortion guy recently. Reagan, coming from Hollywood, and having been divorced, evolved in similar fashion.
Hoover is more like Bush 43, the guy who gave us TARP and set the stage for a leftist democrat.
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Good analysis!
The Great Depression was a systemic collapse of banks and the money supply. It was mostly the fault of the Fed’s failure to act as lender of last resort during the banking crisis of 1930-33 which allowed one third of American banks to fail and one third of the American money supply to vanish.
Hoover played only a minor role despite the recent hobby of portraying him as a progressive whose meddling turned a normal recession into a disaster. The 1921 recession was not precipitated by a collapse in the banking system, something entirely different than the situation in 1930
Bush gave us recession and an almost economic collapse. TARP was simply an outcome of all of that.