1. #53 Ch 14 S 3 Details: Read & Notes Ch 14 S 3 _____________
Understand the causes of the Great Depression and steps taken by the government to combat the crisis
Discuss the human toll of the Depression and its effects on population and political movements.

2. The Great Depression Begins Hoover Struggles with the Depression
Chapter 14:
The Great Depression Begins
Section 3:
Hoover Struggles with the Depression

3. Economic Theory Economics is cyclical
Periods of growth are followed by periods of depression
In time, the economy would fix itself with no help from the government

4. Hoover’s Philosophy
Believed that one of the government’s main functions was to bring cooperation between competing interest groups
Management vs. labor (for example)
Cooperation must be voluntary
Government should encourage and facilitate
Rugged individualism was valued
People succeeding through their own efforts
Hoover opposed federal welfare
Did not want people to rely on government
Believed individuals & charities should help needy

5. Times Worsened
Clever nicknames came up blaming Hoover for not acting to help people directly
Hoover was seen as cold and heartless
Shantytowns = Hoovervilles
Newspapers = Hoover Blankets
Empty Pockets = Hoover Flags
Farmers declared a “farm holiday”
Refused to work their fields
Stopped delivery of/destroyed their crops to limit supply and raise demand & price

6. Boulder Dam (Hoover Dam)
A public works project initiated prior to the depression
World’s tallest dam
Helped to spur agriculture growth in CA
Shared water distribution in the surrounding states
Provided jobs in a tough economic time
Hoover Dam Info and Pics

7. Hoover Takes Cautious Steps
Called business and labor leaders together
Asked them to not make a bad situations worse
Business not to:
Cut wages
Cut hours
Cut workers
Labor not to:
Demand higher wages
Go out on strike
None of these steps made much of a difference

8. Hoover Acts Hoover softens his position of government intervention
Hoover backs cooperatives to help industries like farming and banking
Direct intervention by Hoover
To help the economy Hoover finally passes:
Federal Home Loan Bank Act
Help keep people in their homes
Reconstruction Finance Corporation
Emergency financing for banks and other large businesses

9. The Last Straw The Bonus Army
10k-20k WWI veterans came to D.C. asking for $ that was due to them in 1945 to account for military service
Average of $500 per soldier
The bill went to the senate and was denied
Some marchers refused to leave
Hoover became nervous and gave orders to disband the marchers
In all the chaos, troops opened fire and gassed the Bonus Army to break them up
1 infant died; 8 yr. old boy blinded; 2 people shot
With the impending election Roosevelt knew he would now win…

10. Rest of semester Ch 14 S 1, 2, 3 Ch 14 Test (Thursday 1/9)
Ch 15 Test (Friday 1/17)
Final Exam (1/22)
teacherweb.com

11. #53 Ch 14 S 3 Details: Read & Notes Ch 14 S 3 Study Guide ?s 1-6 (6)
Understand the causes of the Great Depression and steps taken by the government to combat the crisis
Discuss the human toll of the Depression and its effects on population and political movements.