Hoover Struggles with the Depression. Hoover’s Beliefs Role of Government: – Encourage voluntary cooperation to solve problems – Limited involvement –

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Presentation transcript:

Hoover Struggles with the Depression

Hoover’s Beliefs Role of Government: – Encourage voluntary cooperation to solve problems – Limited involvement – Rugged individualism

Hoover’s Beliefs Economics – Laissez Faire – Depressions are a normal part of business cycles – Economy would fix itself

Public Opinion of Hoover Negative view – People felt he was out of touch – People wanted him to do more – Bonus Army incident also hurt image

Hoover’s Actions Boulder Dam Federal Home Loan Bank Act Reconstruction Finance Corporation Too little too late

1932 Election: Hoover vs. FDR

Roosevelt and the New Deal

Roosevelt’s Characteristics Friendly and confident Creative ideas New Deal: series of programs proposed by Roosevelt to try to fix the Depression.

Goals of the New Deal Economic recovery Help needy Reform banking and finance