Herbert Hoover: Success or Failure?
5-Minute Videos | PragerU
PragerU
4.8 • 6.9K Ratings
🗓️ 25 July 2022
⏱️ 5 minutes
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| 0:00.0 | Herbert Hoover, the 31st president of the United States, succeeded at almost everything |
| 0:06.1 | he did, and not just succeeded, he succeeded in spectacular fashion as a mining executive |
| 0:12.0 | in Australian China, as a humanitarian in Europe, and as a politician in the United States. |
| 0:18.0 | But he's best known to history for his role in one failure, the Great Depression, at |
| 0:23.0 | decade-long economic collapse that impoverished millions in America and across the world. |
| 0:28.9 | He didn't cause it, and he made superhuman efforts to reverse it, but no matter how hard |
| 0:33.8 | he tried, he couldn't stop it. |
| 0:36.2 | If a single individual could have, it might have been this remarkable man. |
| 0:41.2 | Born in rural Iowa in 1874, Hoover was orphaned at the age of nine. |
| 0:47.0 | His father, a blacksmith, died when Hoover was just six. |
| 0:50.8 | His mother, a quaker preacher, three years later. |
| 0:53.8 | When happy, sullen, and painfully shy as a teenager, he came into his own at Stanford University, |
| 1:00.9 | then tuition-free. |
| 1:02.1 | Hoover was in his university's very first graduating class, his field of study being geology. |
| 1:08.1 | On graduation, he talked himself into a job with a prominent English mining company. |
| 1:13.5 | They sent him to the Australian Outback. |
| 1:16.2 | Conditions were so harsh and diseases so rampant, it was almost a suicide mission. |
| 1:20.8 | But young Hoover was not deterred. |
| 1:23.4 | He reorganized the company's minds, made them much more profitable and scouted for new ones. |
| 1:29.7 | A gold mine he acquired largely on his own initiative turned out to be one of the richest |
| 1:34.4 | in the world. |
| 1:35.6 | He was on track to become fabulously wealthy when World War I broke out and he abruptly |
... |
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