1. How did the Great Depression unfold from 1929-1932 ?
The Hoover Years

2. Causes Uneven distribution of income Easy credit = large debt
High Tariffs hurt foreign markets→ hurts sale of U.S. goods
Mechanization replaces workers

3. Results Widespread poverty Loss of economic opportunities for women
Decline of educational opportunities
terrible conditions for farmers
Bonus Army Incident ***- highlights desperation and government “heartlessness”

5. Hoover Responds Asks business leaders not to cut wages
Ask labor leaders to refrain from any “job action”
Encourages tax cut
Asks FED to make it easier to borrow money
Sets aside money for public works (Boulder Dam)*

6. Conflict Conditions do not improve
1930 midterm elections = Democratic H of R
Hoover’s philosophy/ personality
Self-reliance
Laissez-faire
Stubborn & self-made
Seen as dour, cold, serious

7. Con’t Becomes synonymous with inaction
Villianized through Hoovervilles, Hoover flags, etc.

8. Happy Days Are Here Again…