1. Herbert Hoover’s Response to the Great Depression
“Don’t emphasize hard times and everything will be all right”
-Hoover

2. Hoover’s Responds to the Great Depression
Great Shorts Answers:
-What were the issues American’s faced during the G.D?
-Evaluate President Hoover’s attempts to revive the economy.
-How did Americans react to Hoover’s plans to revive the economy?

3. Hoover’s Responds to the Great Depression
What were the issues American’s
faced during the G.D?

4. Life During the Great Depression
-1932 = 30,000 businesses
closed
-1933 = 9,000 banks closed
-1933 = 12 million
unemployed ¼ workforce
-In 3 years = Family Income
from $2,300/yr to $1,600/yr
The
STATS

5. Unemployment: people left their homes in search
of jobs (hobos)

7. Hunger = forced to wait in line for soup & bread

8. Homelessness = many families could not afford rent… Many were evicted
bailiffs (court officials) came in and kicked
you out of your house.

9. Hoovervilles
Shantytowns

11. Hoover’s Responds to the Great Depression
Evaluate President Hoover’s attempts
to revive the economy.

12. Hoover’s Responds to the Great Depression
What were Hoover’s philosophies about gov?
Laissez Fair
Decentralized Government: don’t expand the Federal Government.
“During the war we necessarily turned to the government to solve every difficult economic situation…If continued in peacetime it would destroy our progress and freedom…it would have meant the undermining of individual initiative and enterprise…”

13. -Public Works Administration:
Hoover’s Responds to the Great Depression
Needs to be fixed?
Attempts Made. Successful?
Unemployment
PWA:
-Public Works Administration:
Problem = Who pays?
1.) Raise Taxes?
2.) Run a deficit = spend more money than the gov has. = debt

14. Reconstruction Finance Corp
Needs to be fixed?
Attempts Made. Successful?
Stop
Business
&
Bank
Closings
RFC:
Reconstruction Finance Corp
Have Federal Government loan money to
Banks
Railroads
Farmers

15. RFC = TRICKLE DOWN Economics

16. Did not believe it was the Fed Gov’s responsibility
Needs to be fixed?
Attempts Made. Successful?
Prevent
Hunger
&
Homelessness
Relief:
Did not believe it was the Fed Gov’s responsibility
Give $ to the states and they deal
Not enough $ without going into a deficit

17. Hoover’s Responds to the Great Depression
How did Americans react to failed attempts to revive the economy?

18. 1.) Hunger Marches
2.) Farmer’s Revolt
- destroyed crops
: foreclosures on over 1 million
farms
3.) Bonus Army March
- WWI soldiers promised $1,000
: 1,000 left Portland  D.C…grew
to15,000
- Eventually cleared out by the D.C police

19. Franklin Delano Roosevelt (D)
1932 Election
Herbert Hoover (R)
Franklin Delano Roosevelt (D)

20. Election Of 1832 Hoover lowering taxes No national welfare
caring for poor must be a local and voluntary responsibility
Roosevelt
Three R’s: Relief, Recovery, and Reform.
New Deal
he said little about the specifics of his plan.
federal government’s responsibility to care for the poor.

21. Landslide
Democrats were also
in control of the
House & Senate

22. Pop Quiz! 1.) What was the PWA? What was the purpose of the PWA?
2.) What is a deficit?
3.) What is the RFC? Who, specifically, did the government loan money to?
4.) When was Hoover elected?
5.) What was the nickname for shantytowns that sprung up all around US cities during the G.D?

23. What in the economy needs to be fixed?
How would you fix it? Who should do it?
What did Hoover do? Was it successful?