1. “Sec. 22.3 Notes” Topic: Hoover Struggles with the Depression 2/1/10 30

2. I. Hoover’s initial response to the Depression A.Called for cooperation B.Let economy fix itself 1. “Rugged Individualism” 2. Bust-boom theory C.Indirect relief 1. Encouraged charity 2. Boulder Dam Project

4. II. Hoover takes action A.Federal Home Loan Bank Act B.Reconstruction Finance Corporation C.Too little, too late

5. III. The Bonus Army A.Veterans protested payments of bonus B.Protestors were gassed C.1 child died, 1 child blinded D.Hoover’s reputation suffered greatly