1. Hoover and FDR: The Election of 1932
American History B

2. Hoover’s attitude towards the Depression
Thought confidence and private action would solve the economic problems
Eventually tried the Hawley-Smoot Tariff and Reconstruction Finance Corporation (RFC), as well as creating jobs through some government spending: Hoover Dam

3. Hawley-Smoot Tariff HIGHEST import tax in history Didn’t work
Europeans raised their tariffs on U.S. goods
Resulted in a worsening of international economies because it basically halted trade

4. RFC Lent money to banks -- (Banks still failed)
Reflected idea of more wealth at the top will trickle down to the average person (trickle down theory)
looked like the government was helping out the wealthy and big business while the average person went hungry

5. Hoover in 1932 Seemed cold and hard-hearted
All Republicans (except one) lost their seats in Congress

6. Franklin Delano Roosevelt (FDR)
Promised a “new deal” for Americans
No one really knew what it meant, except they thought FDR was actually going to do something
New Deal: came to refer to the relief, recovery, and reform programs of FDR’s administration aimed at combating the Great Depression

7. FDR’s New Deal

8. Vote
Herbert Hoover---Republican
Franklin D. Roosevelt---Democrat

9. Hoover and FDR: 1933
Do you think this drawing, which appeared on the cover of The New Yorker, is being critical of a particular candidate or is depicting the American people’s perception of the two candidates?