The Great Depression

Hoover’s Policies

Bonus Army

Election of 1932

The “New Deal”

The Great Depression

1929-1939

Fighting the Great Depression

Hoover had to turn away from

his convictions about government welfare

Hawley-Smoot Tariff:

High protective tariff

Urged Congress to fund government projects

Reconstruction Finance Corporation:

Provided indirect relief through loans to corporations, banks, and agricultural organizations

Bonus ArmyThousands of WWI

veterans protested in DC during the summer of 1932

They wanted the bonus promised them in 1924

Lead by Marine corps major general SmedlyButler

Hoover and the federal government, beset by the same Depression-era finances that motivated the marchers, refused their requests

Election of 1932

Brain Trust

3Rs: Relief, Recovery, and Reform

The “New Deal” - Relief

FDR developed a plan for

getting the US out of the Great Depression

Relief Agencies would provide aid (jobs, $, food) directly to the people

- Civilian Conservation

Corp

- Agricultural Adjustment

Act

The “New Deal” - Recovery

FDR developed a plan for getting the US out of the Great Depression

Recovery Agencies would provide jobs, training, and benefits over a longer period of time

Building Infrastructure

- Works Progress

Administration

- Tennessee Valley

Authority

The “New Deal” - Reform

FDR developed a plan

for getting the US out

of the Great Depression

Reform Agencies would make sure the causes

of the Great Depression

were corrected

- Securities Exchange

Commission

- Federal Deposit Insurance

Corporation