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

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Hoover Struggles with the Great Depression

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Presentation transcript:

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

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

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

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