the radio was in 12 million homes, changing the nature of presidential campaigns. The RFC saved numerous businesses from failure, but it failed to stimulate commercial lending as Hoover had hoped, partly because it was run by conservative bankers unwilling to make riskier loans. Trei, Lisa (July 26, 2006). vol 40 p 369. 31st President, Herbert Clark Hoover Archived March 21, 2012, at the Wayback Machine. Nonetheless, FDR (as he was known) projected a calm energy and optimism, famously declaring that the only thing we have to fear is fear itself. Further reading edit Biographies edit Best, Gary Dean.
The Bonus Army: An American Epic. 145 Herbert Hoover in the Oval Office with Ted Joslin, 1932 Taxes, revenues, and deficits edit National debt as a fraction of GNP up from 20 to 40 under Hoover. He also began addressing the public directly over the radio in a series of talks, and these so-called fireside chats went a long way towards restoring public confidence. 11 Humanitarian work edit Relief in Europe and Belgium edit When World War I began in August 1914, Hoover helped organize the return of around 120,000 Americans from Europe. Herbert Hoover birthplace cottage, West Branch, Iowa After a brief stay with one of his grandmothers in Kingsley, Iowa, Hoover lived the next 18 months with his uncle Allen Hoover in West Branch. He asked business and labor leaders to avoid wage cuts and work stoppages, and raised taxes in the hope of balancing the budget. Hawley, Ellis (1989 Herbert Hoover and the Historians. In his nine major radio addresses Hoover primarily defended his administration and his philosophy of government. In autumn 1930, Hoover established the President's Organization for Unemployment Relief, which issued press releases urging companies to hire. 22 23 Hoover became opposed to measures such as the minimum wage and workers' compensation, feeling that they were unfair to owners.