No doubt anyone can make after hearing the name of the current as well as the former Presidents of USA and their impressive and successful work. But the most recognized and the most popular Barack Obama and Herbert Hoover Presidency needs to be compared as both took the same path to the success of USA. Here are some points which deals with the similarity between them:
1. The Bonus Army
Bonus Army is a type of war revolution created by a huge number of people including the marchers, the veterans, families and other groups. This main reason of this gathering among people is demanding of cash payment absolution of their service certificate. This situation occurs in both the case of President Herbert Hoover as well as the current President Barack Obama. Currently this problem has been seen in US due to the government shutdown which results in huge problems among military veterans. The same case occurs in Hoover’s reign when payments were delayed due to economic problems.
2. Socialism
Both Hoover and Obama follow the path of socialism which moves them forward to the path of their success as well as that of the country. Both of them adopted social methods to increase the Federal Spending of Government. This increase in Federal Spending is mainly due to increase in the taxes and all the trading import export tax and services for other nations and countries all around the world. With this path of success they both became progressive and reformer.
3. Mexican Repatriation
Mexican Repatriation was a migration among huge crowd of people which occurred mainly due to the pressure made on the people of Mexican to leave America. Most of these Mexican people were illegal and despite of having illegality they were involved in too many job offers. Both the President ordered the agents to have a site check among people whether they are public or private, they would be thrown away if they are found to be illegal. In Hoovers rule they were around 2 million in number while they increased up to 4 million during the Obama rule.
4. Educated First Lady
Firstly introducing to Hoover’s wife as Lou Hoover was the First Lady of USA. She was known as First Lady because of that she was the first lady to broadcast radio on regular basis and also she played an important role in constructing the Presidential traditions. She was highly educated as she took education from Stanford University and the only female geology major at that time. Now coming to Michelle Obama, completed her education from the very famous Harvard University. She is currently known as the first African American First Lady of America.
5. The Bubble Economy
Both Presidents faced the scenario of Bubble Economy in their ruling period. The term “Bubble Economy” generally refers to the problem due to reduction in economy in one country due to the stock fall in other country on which the former country is dependent. At the end of World War I, the repayment of the destruction by Germany in terms of money caused this situation of Bubble Economy. Germany borrowed from USA and paid other countries like France and Britain. France and Britain re-paid USA and USA would re-invest in Germany but after sometimes when the stock market crashed, no further investment is made and there is no path for Germany to re-pay back the money taken from USA. This is known as Bubble Economy. Similar case arises when Asia is affected by the problem of financial crises due to the fall in stock market in USA.
6. Troops Withdrawal
Troops Withdrawal from other nations and countries is well known as Good Neighbor policy. In order to maintain better relations among neighboring countries, this Good Neighbor policy was adopted on behalf of both the Presidents. Thus Hoover withdrew the troops from Nicaragua and the withdrawal of troops in Obama’s rule is expected to be completed in the year 2004. This process of withdrawal of troops is made to have a better relation with the Latin America.
7. Oscar De Priest and Beer Diplomacy
Both Presidents were found to be involved in the controversy related to the invitation in White House. Hoover invited Oscar De Priest’s wife to the White House for tea and thus a controversy arises. Similarly Obama called upon the cop James Crowley and the African American Harvard professor to his home to have some snacks and beer in order to reduce and resolve the differences between the two which was actually not resolved and hence the controversy arises here also.
8. Bank Closures
Bank Closure situation was common under both Hoover and Obama Presidency. Due to the crash of Stock Market in the year 1929 and 2008, more than 500 banks were closed in 48 different states. The closures of Bank in USA also lead to financial crisis in many other parts of the world especially in Asia. Thus both of them faced the same problem of Bank Closure and a similarity can be made between them.
9. Emergency Relief and Construction Act
Under the rule of Hoover, The Emergency Relief and Construction Act of 1932 were passed by the Congress for public programs to increase the growth of job. The same law was passed during the Obama rule i.e. the law of American Recovery and Reinvestment Act 2009 in order to start public work programs.
10. Ground Breaking Ethnicity on Presidential Ticket
Charles Curtis the vice President during Hoover Presidency was not at all shamed of his background as well as the bi racial distinction. The same case is with Obama of not being ashamed of Native American and continues his political career to further success.
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