Ch. 22.3: Hoover Struggles with the Depression

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Presentation transcript:

Ch. 22.3: Hoover Struggles with the Depression OBJECTIVE: Identify the Hoover Administration’s Response to the Depression.

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

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

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.

Hoover’s 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

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

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

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)

Gassing of Bonus Army IMPACT? Hoover’s popularity falls lower. Helps FDR win in 1932.

Bonus Army marches on Washington, DC 1932 http://www.youtube.com/watch?v=dWvCCxOUsM8

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