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Hoover vs. Hoover vs. The DepressionThe Depression
How effective were president Herbert Hoover’s efforts in combatting the Depression?
Do Nothing
What was it:-Had a hands-off approach to economics (laissez-faire)
-Encouraged private and small businesses
Do Nothing
Intended Purpose:-too much government involvement would undermine individuality and self-reliance (being able to take care of yourself)
Sound like any guys we learned about before?!
Do Nothing
Do on your own:
What parts of Hoover’s hands-off approach to the economy were successful (or COULD have been successful)?
What parts of Hoover’s hands-off approach to the economy were failures (or not as successful as others)?
Reconstruction Finance Corporation
Reconstruction Finance CorporationWhat was it: -January 1932
-The agency gave $2 billion in aid to state and local governments
Reconstruction Finance CorporationIntended Purpose:-Made loans to banks, railroads, mortgage associations and other businesses that were struggling financially
Reconstruction Finance Corporation
Do on your own:
What parts of the Reconstruction Finance Corporation were successful (or COULD have been successful)?
What parts of the Reconstruction Finance Corporation were failures (or not as successful as others)?
The Bonus Army
The Bonus ArmyWhat was it:-Thousands of WWI veterans and their families protested and camped out in Washington, DC, during June 1932
The Bonus ArmyIntended Purpose:-they wanted immediate payment of a bonus that had been promised to them in 1924-weren’t supposed to receive payment until 1945
Although offered money by Congress to return home, some members of the "Bonus army" remained. Washington police attempted to remove the demonstrators from their camp, but they were outnumbered and unsuccessful. Shots were fired by the police in an attempt to attain order, and two protesters were killed while many officers were injured. Hoover sent U.S. Army forces stop a march.
The Bonus Army
Do on your own:
What parts of the Bonus Army were successful (or COULD have been successful)?
What parts of the Bonus Army were failures (or not as successful as others)?
Hoovervilles
HoovervillesWhat was it:-”shanty towns” made of tents and small shacks
-built by homeless people during the Great Depression
Hoovervilles
Intended Purpose:-named after president Hoover as many blamed him for the Depression
"Hoover blanket" (old newspaper used as blanketing)
"Hoover flag" (an empty pocket turned inside out).
"Hoover leather" was cardboard used to line a shoe when the sole wore through
"Hoover wagon" was a car with horses hitched to it because the owner couldn’t afford fuel
Hoovervilles
Do on your own:
What parts of America’s reaction to Hoover’s policies were successful (or COULD have been successful)?
What parts of America’s reaction to Hoover’s policies were failures (or not as successful as others)?
