Herbert Hoover’s Volunteerism

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Presentation transcript:

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

October Crash, 1929

Wall Street Decline

Symptoms of the Depression

Bank Failures

Farm Foreclosures

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

Hoovervilles

Breadlines and Soup Kitchens

On the Road: Looking for Work

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.

The Bonus Army

Congress Says No To the WWI Vets

Pres. Hoover Runs Vets Out of Town

The Vets Loose Thanks to MacArthur

Hoover Loses to FDR in 1932

1932 Election

Election Stats: 1932 FDR [Democrat] 472 57.4% Hoover [Republican] 59 39.7%