1 / 10

22.3 Hoover Struggles with the Depression

22.3 Hoover Struggles with the Depression . Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and necessary downswing O pposed direct relief, felt intervention by federal government would destroy free enterprise

marge
Download Presentation

22.3 Hoover Struggles with the Depression

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly tocrisis Saw it as a temporary and necessary downswing Opposed direct relief, felt intervention by federal government woulddestroy free enterprise Resentment towards Hoover and Republicans grows daily 1930 mid-term elections, Democrats take control of House

  2. Attempts at Helping • Programs started by Hoover: • Public Works Projects (Hoover Dam) • Federal Farm Board-control prices • Glass Steagall Banking Act (FDIC)-protects banks • Federal Home Loan Bank Act-keep people in homes • Reconstruction Finance Corporation (trickle-down economics)

  3. Hoover and Bonus Army • Group of WWI vets led by Waters march to DC to get $1,000 bonus • Hoover allowed them to create Hooverville while issue was debated • Senate and Hoover deny money and say go home • About 2,000-5,000 stayed • Police shot 2 vets • Army tear gassed families, 2 babies die • Hoover’s reluctance to act and gassing of Bonus Army costs him any chance of re-election

More Related