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Bellringer What is a “Hooverville?”What is a “Hooverville?” Who “rode the rails” to seek a better life?Who “rode the rails” to seek a better life? What was the 1 st feature-length animated film?What was the 1 st feature-length animated film?
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Chapter 22 The Great Depression Begins Section 3 Hoover Responds
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Promoting Recovery Hoover held a series of conferences bringing together the heads of banks, RR, big business, labor, and gov’t.Hoover held a series of conferences bringing together the heads of banks, RR, big business, labor, and gov’t. He received pledges from industry to keep factories open and stop cutting wages.He received pledges from industry to keep factories open and stop cutting wages.
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Voluntary Efforts and Public Works The pledge failed, Hoover increased public works – gov’t financed building projects.The pledge failed, Hoover increased public works – gov’t financed building projects. Hoover asked mayors and governors to increase public works spending.Hoover asked mayors and governors to increase public works spending. Hoover refused to increase gov’t spending or taxes.Hoover refused to increase gov’t spending or taxes.
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The Midterm Election Americans blamed the Republicans for the Depression.Americans blamed the Republicans for the Depression. As a result, midterm elections in 1930, Republicans lost 49 seats and their majority in the House of Rep.As a result, midterm elections in 1930, Republicans lost 49 seats and their majority in the House of Rep.
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Trying to Rescue the Banks Hoover tried to persuade the Fed. Reserve Board to put more money into circulation.Hoover tried to persuade the Fed. Reserve Board to put more money into circulation. Set up the National Credit Corp (NCC), which created a pool of money to rescue banks, but it wasn’t enough to help.Set up the National Credit Corp (NCC), which created a pool of money to rescue banks, but it wasn’t enough to help.
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Trying to Rescue the Banks 1932 – Reconstruction Finance Corporation (RFC) – made loans to banks, RR, and agricultural institutions.1932 – Reconstruction Finance Corporation (RFC) – made loans to banks, RR, and agricultural institutions. The RFC was too cautious and the economy ctd. to decline.The RFC was too cautious and the economy ctd. to decline.
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Direct Help for Citizens Hoover opposed the fed. gov’ts participation in relief – money that went directly to poor families.Hoover opposed the fed. gov’ts participation in relief – money that went directly to poor families. He felt relief was the responsibility of the state and local gov’t.He felt relief was the responsibility of the state and local gov’t. 1932 – Congress passed the Emergency Relief and Construction Act to get money for public works and for direct relief.1932 – Congress passed the Emergency Relief and Construction Act to get money for public works and for direct relief.
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In An Angry Mood Discontentment led to violence.Discontentment led to violence. During a hunger march in 1931, police denied the protestors food, water, and medical treatment.During a hunger march in 1931, police denied the protestors food, water, and medical treatment. Congress intervened, stressing the marchers right to petition the gov’t.Congress intervened, stressing the marchers right to petition the gov’t.
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Farmers Revolt B/w 1930-1934, creditors foreclosed, or took possession of, almost a million farms.B/w 1930-1934, creditors foreclosed, or took possession of, almost a million farms. Some farmers destroyed their crops, hoping the reduction in supply would cause the prices to go up.Some farmers destroyed their crops, hoping the reduction in supply would cause the prices to go up.
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The Bonus Marchers 1924 – Congress enacted a $1000 bonus to paid to veterans in 1945.1924 – Congress enacted a $1000 bonus to paid to veterans in 1945. In 1931 a bill was introduced in the House that authorized early payment of the bonus.In 1931 a bill was introduced in the House that authorized early payment of the bonus. In 1932 the “Bonus Army” marched to Washington D.C., to ask Congress to approve the legislation.In 1932 the “Bonus Army” marched to Washington D.C., to ask Congress to approve the legislation.
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The Bonus Marchers Hoover refused to meet with the Bonus Army, and the Senate voted new bonus bill down, some marchers left.Hoover refused to meet with the Bonus Army, and the Senate voted new bonus bill down, some marchers left. Some marchers stayed, moving into deserted buildings in Washington D.C.Some marchers stayed, moving into deserted buildings in Washington D.C. When Hoover ordered the buildings cleared, disputes b/w the remaining people and the police (and later the army) resulting in several deaths.When Hoover ordered the buildings cleared, disputes b/w the remaining people and the police (and later the army) resulting in several deaths.
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