Hoover vs. The Depression

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Hoover Struggles with the Great Depression

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Presentation transcript:

Hoover vs. The Depression How effective were president Herbert Hoover’s efforts in combatting the Depression?

Do Nothing

Do Nothing What was it: -Had a hands-off approach to economics (laissez-faire) -Encouraged private and small businesses

Do Nothing Intended Purpose: -too much government involvement would undermine individuality and self-reliance (being able to take care of yourself) Sound like any guys we learned about before?!

Do Nothing Do on your own: What parts of Hoover’s hands-off approach to the economy were successful (or COULD have been successful)? What parts of Hoover’s hands-off approach to the economy were failures (or not as successful as others)?

Reconstruction Finance Corporation

Reconstruction Finance Corporation What was it: -January 1932 -The agency gave $2 billion in aid to state and local governments

Reconstruction Finance Corporation Intended Purpose: -Made loans to banks, railroads, mortgage associations and other businesses that were struggling financially

Reconstruction Finance Corporation Do on your own: What parts of the Reconstruction Finance Corporation were successful (or COULD have been successful)? What parts of the Reconstruction Finance Corporation were failures (or not as successful as others)?

The Bonus Army

The Bonus Army What was it: -Thousands of WWI veterans and their families protested and camped out in Washington, DC, during June 1932

The Bonus Army Intended Purpose: -they wanted immediate payment of a bonus that had been promised to them in 1924 -weren’t supposed to receive payment until 1945 Although offered money by Congress to return home, some members of the "Bonus army" remained. Washington police attempted to remove the demonstrators from their camp, but they were outnumbered and unsuccessful. Shots were fired by the police in an attempt to attain order, and two protesters were killed while many officers were injured. Hoover sent U.S. Army forces stop a march.

The Bonus Army Do on your own: What parts of the Bonus Army were successful (or COULD have been successful)? What parts of the Bonus Army were failures (or not as successful as others)?

Hoovervilles

Hoovervilles What was it: -”shanty towns” made of tents and small shacks -built by homeless people during the Great Depression

Hoovervilles Intended Purpose: -named after president Hoover as many blamed him for the Depression "Hoover blanket" (old newspaper used as blanketing) "Hoover flag" (an empty pocket turned inside out). "Hoover leather" was cardboard used to line a shoe when the sole wore through "Hoover wagon" was a car with horses hitched to it because the owner couldn’t afford fuel

Hoovervilles Do on your own: What parts of America’s reaction to Hoover’s policies were successful (or COULD have been successful)? What parts of America’s reaction to Hoover’s policies were failures (or not as successful as others)?