1. Fixing the Economy

2. Herbert Hoover Elected president in ______ by a wide margin
_________________
Ambitious, confident, inspirational
the Great Depression begins in ________
Was the Great Depression all his fault?

3. Hoover’s First Response
_____ ____ ________!
Hoover felt people needed to have _________ in the economy for it to be fixed
Told Americans the economic downswing would ____________…oops

4. Starting Small
Hoover asked business leaders ___________ production or wages
Also suggested local governments (cities and states) to create _________ __________ to provide jobs for their citizens

5. Helping Farmers
_____________ ____________ ____: Designed to help farmers sell their crops for the price they wanted
Set up the ______ ________which allowed members to sell their crops as a group at the price they wanted
If the price was too low, they ________ the crops
Problem: Farmers needed ______ ASAP

6. Results? Hoover’s plans didn’t do nearly ________ to fix the economy
The depression got worse and worse
Tens of thousands of businesses ______ ____ ______
Unemployment climbed as high as _____

7. Can I Have a Redo?
Hoover eventually admits his plans didn’t work and takes further action
His small plans were a flop, so he thinks BIG

8. Reconstruction Finance Corporation
Formed to give _______ to banks, insurance companies, and railroads (all of which are _____ businesses)
Idea was that the funds would _________ those large industries and eventually _______ _____
Once again, people and businesses needed help ASAP and the RFC did not provide that
The RFC was another ________ for Hoover

9. Bonus Army
WWI veterans had been promised _________ by the government to be paid in ________
Needing money, they tried to get ___________ to pay the bonuses 13 years _______
Thousands went to D.C. while Congress was deciding on the bill to __________ ____________
The bill doesn’t get approved and most leave???

10. Bonus Army About 2000 remain to see if the bill will be ______
Hoover doesn’t like this so he sends troops, machine guns, tanks, etc. ___ _______ _______ _____
This force burns the camp the veterans had constructed
_____ injured and 1 infant dead
Extremely _____ __________ for Hoover

11. Election of 1932
Hoover’s ineffectiveness in fixing the economy and attack on the Bonus Army cause him to lose the election in 1932
Democratic candidate Franklin D. Roosevelt (FDR) wins by a landslide