Herbert Hoover and Franklin Roosevelt. Hoover, a Republican, was the successor to Coolidge, a President known for doing NOTHING, which is why America, and by extension the world, did so well economically. when the crash happened
America and by extension the rest of the world did so well because the US was a debtholder whom was recieving millions from the UK and France, along with having its economic infrastructure intact after the end of the war. That, along with trade with a devastated Europe, allowed the US to thrive.
Hoover, a Republican, was the successor to Coolidge, a President known for doing NOTHING
Coolidge raised tariffs.
which is why America, and by extension the world, did so well economically. when the crash happened, rather than do nothing and let America right itself, and being an Engineer, tried to fix the problem... and Failed, creating the depression.
Hoover was a non-interventionist and did nothing to aliviate the economy, being a firm believer in "rugged individualism" and the mythological free enterprise, thus allowing thousands of businesses to go bankrupt and millions to lose their jobs.
Roosevelt, an old Left(not like today's new left) Democrat, believing in big government, expanded the Governemnt to try to fix it.
A historical trivia, FDR ran in 1932 as a fiscal conservative and accused the free market fundamentalist Hoover of being a socialist which is nonsense. Also FDR implemented fiscal conservative policies in 1937 which was what triggered the 1938 Recession which only ended when he reversed the fiscal conservative policies and re-implemented progressive policies.
elieving in big government, expanded the Governemnt to try to fix it.
What nonsense.
During the first two years of his first term, FDR was a standard American School of Economics president , with the major difference being that FDR opposed tariffs. It was only after the 1934 midterms, under increasing pressure from grassroots progressive organizations that he implemented the Second New Deal. Not that progressive pressure prevented FDR from implementing disastrous conservative policies in 1937 which directly lead to the recession the following year.
but he started drawing up war plans as he believed a WAR was necessary to rebuild the economy(Note, please fact check this). his policies tied with this believe meant america didn't recover... till war broke out in 1942. it took till at least late 1945 for the economy to reach a high level peace time economy.
This is nothing more than a crazy conspiracy.
so, if Coolidge had run again, since he never meddled with the economy, i believe America would have fixed itself and put itself back on the track it belonged on by the time the rest of the world recovered, which could have been even earlier.
If Coolidge had run, he would have made no difference. Both Coolidge and Hoover were free market fundamentalists who supported high tariffs.