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Hoover Struggles with the Great Depression
Ch. 22 sec. 3 Hoover Struggles with the Great Depression
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Facts about Herbert Hoover
1st president born west of the Mississippi River – from Iowa Orphaned at young age “rags to riches” story Stanford University Mining Engineer
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Herbert Hoover Elected President in 1928 – promised every American family would have “A chicken in every pot and two cars in every garage”.
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Hoover’s reaction to stock market crash
Hoover tries to reassure American public Wanted Americans to remain optimistic and go about business as usual
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Hoover’s philosophy of government
Man of strong principles Belief in RUGGED INDIVIDUALISM – idea that people should succeed through their own efforts
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Hoover reaction to depression
Opposed any form of federal welfare or DIRECT relief (would weaken people’s self-respect) Individual charities and local organizations should provide relief Federal gov’t should limit their role and not take too much power
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Hoover Quote about Government
“Every time we find solutions outside of government, we have not only strengthened character, but we have preserved our sense of real government.”
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Hoover’s actions Asked business leaders to work together to create solutions, avoid cutting wages or laying off employees Asked private charities to help out more NONE OF THESE SOLUTIONS WORKED
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Public’s reaction to Hoover’s leadership
Frustrated citizens create new terms: “Hoovervilles” “Hoover Blankets” “Hoover Flags” People blamed Hoover for their circumstances
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Hoover starts to be more active…
Creation of Boulder (Hoover Dam) – create jobs Reconstruction Finance Corporation (RFC) – provides $$$ to banks & businesses to pump $ into the system to “trickle down”
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The Bonus Army 1932 – over 10,000 veterans and families arrived in D.C. supporting a bonus bill to WWI veterans Senate voted down the bill, Hoover called on the marchers to leave but they stayed Hoover finally sends a force of 1,000 soldiers in to remove the veterans: people gassed, shot and injured – most Americans stunned by the incident & Hoover’s image suffers more
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