Ch. 22.3: Hoover Struggles with the Depression

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Ch. 22.3 Hoover Struggles with the Depression

• OBJECTIVE
• Identify the Hoover Administrations Response to
  the Depression.

2
QUIZ

1. What is the name of Hoovers most famous public
   work project?
2. Who did Hoover order the army to attack in 1932?
3. Hoover authorized the Federal _____ Loan Bank
   Act.
4. Hoover authorized the _______ Finance
   Corporation.
5. Which political party won the 1932 Congressional
   elections?

3
QUIZ

1. What is the popular name of the Boulder Dam?
2. Who did Hoover order the army to attack in 1932?
3. Hoover authorized the Federal Home Loan _____
   Act.
4. Hoover authorized the Reconstruction ______
   Corporation.
5. Which political party won the 1930 Congressional
   elections?

4

• REVIEW of INFO and IDs FROM 22.2
• Cash payments or food provided by the government.
• The great ecological crisis during the Great
  Depression.
• Places where food was offered free to the needy
  during the Great Depression.
• Lines of people waiting to receive free food and
  aid during the Great Depression.
• Name for towns built by the homeless and
  dispossessed during the Great Depression.
• Percentage of unemployment in the minority
  community during the Great Depression.

5
Hoovers Philosophy

• Depressions were normal, healthy part of business
  cycle
• Depression will correct itself
• Belief in rugged Individualism and voluntary
  action
• Government should do as little as possible
• No Indirect Relief

No Direct Relief
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PROBLEM Depression does not fix itself

• Hoover asks businesses to voluntarily hold wages
  and employment
• Economy continues to collapse
• Democrats win 1930 Congressional Elections
• Farmers rioting destroying crops
• Starvation Homelessness haunts US

7
Hoover Acts Too Little, Too Late

• Authorizes public works projects to build dams,
  bridges, roads
• 1932 Reconstruction Finance Corp. (RFC)
• 1933 Federal Home Loan Bank Act
• CRITICISM
• This aid goes to big companies and banks, does
  not trickle down to average citizens

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Construction of a Dam by William Gropper
Hoover does direct some government aid to major
construction projects, such as the Boulder Dam
(now called Hoover Dam)
Construction of a Dam by William Gropper .
(Smithsonian American Art Museum,Washington,D.C.
Art Resource, NY)
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Gassing of Bonus Army

• IMPACT?
• Hoovers popularity falls lower.
• Helps FDR win in 1932.

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Bonus Army marches on Washington, DC 1932

• http//www.youtube.com/watch?vdWvCCxOUsM8

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EVALUATION OF HOOVER
HOOVERS RESPONSE RESULT
No Direct Relief
Reconstruction Finance Corporation
Home Loan Bank Act
Boulder Dam
Gassing of Bonus Army