Hoover as President Chapter 21 section 3

Philosophy Rugged Individualism: – Unnecessary government dimmed the spirit of the American people – Believed deeply that it was vital for the nation’s well-being not to destroy people’s belief in their own responsibility and power. Associative State: – Businesses should form voluntary associations that would make the economy more fair and efficient. – Called together business leaders and experts to discuss ways to achieve national goals.

Hoover Dam Harness Colorado River to produce electricity and water supply for 7 states.

Hoover’s Response to Great Depression Voluntary Action – Government should seek to AVOID direct involvement in the lives of people – Pushed for Farmer cooperatives Groups of farmers buy equipment together and share – Urged business leaders not to lay-off employees or cut wages

Hoover’s Reluctance Direct Action – 1932 Reconstruction Finance Corporation $2billion in direct government loans given to struggling banks and insurance companies – Federal Home Loan Bank Encouraged homebuilding Reduced foreclosures – Smoot Hawley Tariff Act Raised cost of imported goods Europe responds with higher taxes on our goods DISASTER for TRADE

The Nation Responds to Hoover “We have passed the Worst” People question his compassion Why is he willing to give money to banks and business but not individuals? BONUS MARCH page687

1932 Election Hoover didn’t bother to campaign Franklin Delano Roosevelt – Criticizes Hoover’s Actions – Promises to help the Forgotten Man – Offers public works programs – As Governor of New York Creates a ground breaking relief program that helps 1 in 10 NY families.

Landslide Victory

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