Herbert Hoover- Rugged Individualism Rugged Essay

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During that time, the American middle class was threatened, and the reality is that many Americans lost their status as middle class during the economic crises. People literally died of starvation, and the economic markets that had helped create the middle class, once destabilized, helped usher in a greater divide between rich and poor, since only those with the most assets were able to weather the Depression with economic wherewithal. However, context remains important, because the fact is that America did recover from the Depression, and the living standards of the middle class continued to rise after its recovery, and have consistently done so, notwithstanding less substantial economic recessions. As a result, America has become a country associated with vast wealth, not because of the tremendous wealth held by the top 1% of its inhabitants, but because of the incredible wealth held by all but its poorest inhabitants, which dwarves the assets held by most non-upper class persons in the world.

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In addition, the speech also highlights some of the politically conservative views of the Republican Party, for example not allowing government to regulate business. In fact, Hoover makes it clear that as soon as the Republican Party took control of the government after World War I, it was faced with the decision of whether to nationalize certain businesses. He stated that, during the war, Americans had turned to the government to solve their problems, but that such a solution was inappropriate during times of war. Instead, he believed that the American system, a hybridized social and political system, was largely based on the concept of economic freedom. This helps explain how the free market became synonymous with democracy, and why modern efforts like the current economic bailout, are approached so cautiously by lawmakers......

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