Ch. 22.3: Hoover Ch. 22.3: Hoover Struggles with the Struggles with the

DepressionDepressionOBJECTIVE:OBJECTIVE:

Identify the Hoover Identify the Hoover Administration’s Administration’s Response to the Response to the

Depression.Depression.

QUIZQUIZ

1)1) What is the name of Hoover’s most What is the name of Hoover’s most famous public work project?famous public work project?

2)2) Who did Hoover order the army to Who did Hoover order the army to attack in 1932?attack in 1932?

3)3) Hoover authorized the Federal _____ Hoover authorized the Federal _____ Loan Bank Act.Loan Bank Act.

4)4) Hoover authorized the _______ Hoover authorized the _______ Finance Corporation.Finance Corporation.

5)5) Which political party won the 1932 Which political party won the 1932 Congressional elections?Congressional elections?

QUIZQUIZ

1)1) What is the popular name of the What is the popular name of the Boulder Dam?Boulder Dam?

2)2) Who did Hoover order the army to Who did Hoover order the army to attack in 1932?attack in 1932?

3)3) Hoover authorized the Federal Hoover authorized the Federal Home Loan _____ Act.Home Loan _____ Act.

4)4) Hoover authorized the Hoover authorized the Reconstruction ______ Corporation.Reconstruction ______ Corporation.

5)5) Which political party won the 1930 Which political party won the 1930 Congressional elections?Congressional elections?

REVIEW of INFO and IDs FROM 22.2:REVIEW of INFO and IDs FROM 22.2:

1.1. Cash payments or food provided by the Cash payments or food provided by the government.government.

2.2. The great ecological crisis during the Great The great ecological crisis during the Great Depression.Depression.

3.3. Places where food was offered free to the Places where food was offered free to the needy during the Great Depression.needy during the Great Depression.

4.4. Lines of people waiting to receive free food Lines of people waiting to receive free food and aid during the Great Depression.and aid during the Great Depression.

5.5. Name for towns built by the homeless and Name for towns built by the homeless and dispossessed during the Great Depression.dispossessed during the Great Depression.

6.6. Percentage of unemployment in the minority Percentage of unemployment in the minority community during the Great Depression.community during the Great Depression.

Hoover’s PhilosophyHoover’s Philosophy

Depressions were normal, healthy Depressions were normal, healthy part of business cyclepart of business cycle

Depression will correct itselfDepression will correct itself Belief in “rugged Individualism” and Belief in “rugged Individualism” and

voluntary actionvoluntary action Government should do as little as Government should do as little as

possiblepossible No No Indirect ReliefIndirect Relief

No No Direct ReliefDirect Relief

PROBLEM: PROBLEM: Depression does not “fix itself” Depression does not “fix itself”

Hoover asks businesses to Hoover asks businesses to voluntarilyvoluntarily hold wages and employmenthold wages and employment

Economy continues to collapseEconomy continues to collapse Democrats win 1930 Congressional Democrats win 1930 Congressional

ElectionsElections Farmers rioting & destroying cropsFarmers rioting & destroying crops Starvation & Homelessness haunts USStarvation & Homelessness haunts US

Hoover Acts: Too Little, Too LateHoover Acts: Too Little, Too Late

Authorizes public works projects to build Authorizes public works projects to build dams, bridges, roadsdams, bridges, roads

1932: 1932: Reconstruction Finance Corp. Reconstruction Finance Corp. (RFC)(RFC)

1933: 1933: Federal Home Loan Bank ActFederal Home Loan Bank Act

CRITICISM:CRITICISM:

This aid goes to big companies and This aid goes to big companies and banks, does not “trickle down” to banks, does not “trickle down” to average citizensaverage citizens

Construction of a Dam by William Gropper. (Smithsonian American Art Museum,Washington,D.C. Art Resource, NY)

Construction of a Dam by William GropperConstruction of a Dam by William Gropper

Hoover does direct some government aid to major construction projects, such as the Boulder Dam (now called Hoover Dam)

Gassing of Bonus Gassing of Bonus ArmyArmy

IMPACT? IMPACT? Hoover’s popularity falls Hoover’s popularity falls

lower. lower. Helps FDR win in 1932Helps FDR win in 1932..

Bonus Army marches Bonus Army marches on Washington, DC 1932on Washington, DC 1932

http://www.youtube.com/watch?v=dWvCCxOUsM8

EVALUATION OF HOOVEREVALUATION OF HOOVER

HOOVER’S HOOVER’S RESPONSERESPONSE

RESULTRESULT

No Direct ReliefNo Direct Relief

Reconstruction Reconstruction Finance CorporationFinance Corporation

Home Loan Bank ActHome Loan Bank Act

Boulder DamBoulder Dam

Gassing of Bonus Gassing of Bonus ArmyArmy