1. Herbert Hoover’s Volunteerism
The Great Depression
Herbert Hoover’s Volunteerism

2. October Crash, 1929

3. Wall Street Decline

4. Symptoms of the Depression

5. Bank Failures

6. Farm Foreclosures

7. CAUSES OF THE DEPRESSION
I. Fundamental Flaw in Economy of 1920s
A. Overproduction/Underconsumption
1. Want in the Midst of Plenty
II. Other Basic Causes
A. Overextension of Credit on Wall Street
1. Buying on Margin
B. Lack of government oversight

8. Hoovervilles

9. Breadlines and Soup Kitchens

10. On the Road: Looking for Work

11. Hoover’s Volunteerism
Hoover did not believe that the government should lead the way to end the economic depression, instead wanting to rely on private measures to solve it.
He spoke out against the New Deal, the economic policy that served as the basis of Franklin D. Roosevelt's successful bid for the 1932 presidential election.

12. The Bonus Army

13. Congress Says No To the WWI Vets

14. Pres. Hoover Runs Vets Out of Town

15. The Vets Loose Thanks to MacArthur

16. Hoover Loses to FDR in 1932

17. 1932 Election

18. Election Stats: 1932 FDR [Democrat] 472 57.4%
Hoover [Republican] %