1928 HERBERT HOOVER Political LUCKY POCKET PIECE Token PRESIDENT Brass 4 YEARS

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1928 HERBERT HOOVER Political LUCKY POCKET PIECE Token PRESIDENT Brass 4 YEARS:
$19.99

1928 HOOVER TOKEN

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Original 1\" Herbert Hoover token, \"Hoover Lucky Pocket Piece; Good for 4 Years of Prosperity\"

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Herbert Clark Hoover(August 10, 1874 – October 20, 1964) was an American politician who served as the 31stPresident of the United Statesfrom 1929 to 1933. A Republican, as Secretary of Commerce in the 1920s he introducedProgressive Erathemes of efficiency in the business community and provided government support for standardization, efficiency and international trade. As president from 1929 to 1933, his ambitious programs were overwhelmed by theGreat Depression, that seemed to get worse every year despite the increasingly large-scale interventions he made in the economy. He was defeated in a landslide in 1932 by DemocratFranklin D. Roosevelt, and spent the rest of his life as a conservative denouncing big government, liberalism and federal intervention in economic affairs, as Democrats repeatedly used his Depression record to attack conservatism and justify more regulation of the economy.

He was a professionalmining engineerand was raised as aQuaker. Hoover served as head of theU.S. Food Administrationduring World War I, and became internationally known for humanitarian relief efforts in wartimeBelgium.[1]As theUnited States Secretary of Commercein the 1920s he promoted partnerships between government and business. Inthe presidential election of 1928, Hoover easily won theRepublican nomination, despite having no elected-office experience. Hoover is the most recent cabinet secretary to be elected President of the United States, as well as one of only three Presidents (along withWilliam Howard TaftandDonald Trump) who had neither been elected to a national political office or governorship, nor served as military generals.[2]Although Hoover never raised the religious issue, some of his supporters did in mobilizing anti-Catholic sentiment against his opponentAl Smith.

Hoover, a globally experienced engineer, believed strongly in theEfficiency Movement, which held that the government and the economy were riddled with inefficiency and waste, and could be improved by experts who could identify the problems and solve them. He also believed in the importance of volunteerism and of the role of individuals in society and the economy. A rich man, Hoover donated all his federal paychecks to charity.[3]

When theWall Street Crash of 1929struck less than eight months after he took office, Hoover tried to combat the ensuingGreat Depression in the United Stateswith large-scale government public works projects such as theHoover Dam, and calls on industry to keep wages high. He reluctantly approved theSmoot–Hawley Tariff, which sent foreign trade spiralling down. He believed it was essential to balance the budget despite falling tax revenue, so he raised the tax rates. The economy kept falling and unemployment rates rose to about 25%. This downward spiral, plus his support for prohibition policies that had lost favor, set the stage for Hoover\'s overwhelming defeat in 1932 by DemocratFranklin D. Roosevelt, who promised aNew Deal.

After Roosevelt assumed the Presidency in 1933, Hoover became a conservative spokesman for opposition to the domestic and foreign policies of the New Deal. In 1947, PresidentHarry S. Trumanappointed Hoover to head theHoover Commission, intended to foster greater efficiency throughout the federal bureaucracy. Most historians agree that Hoover\'s defeat in the1932 electionwas caused primarily by the downward economic spiral, although his strong support forprohibitionwas also significant. Hoover is usuallyranked lower than averageamong U.S. Presidents.

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