Hoover Struggles With the Depression Section 22-3 pp. 684-687.

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Presentation transcript:

Hoover Struggles With the Depression Section 22-3 pp

Preview Questions What could be done to help the nation? What action did Hoover take?

I. Hoover Tries To Help Hoover took little direct action –Slowdown would correct itself –Against direct relief for poor

I. Hoover Tries To Help “Rugged Individualism” –Succeed through own efforts, not handouts –Charities should help needy

I. Hoover Tries To Help Backlash Against Hoover –Democrats win 1930 Congressional elections –Farmers destroy crops rather than sell –Shantytowns: “Hoovervilles”

II. Hoover Takes Action Public works projects: Boulder Dam Federal Home Loan Bank Act –Lower mortgage rates –Prevent foreclosure Reconstruction Finance Corporation –Money for projects to create jobs

II. Hoover Takes Action Bonus Army –WWI veterans marched on capital in 1932 –Demanded immediate payment of bonuses

II. Hoover Takes Action –Hoover evicted veterans after bill failed –Outraged many Americans, Hoover’s popularity falls