Hoover Struggles with the Depression CHAPTER 14 SECTION
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Hoover Struggles with the Depression CHAPTER 14 SECTION 3
Herbert Hoover Elected His president in 1928 beliefs for the government: Laissez faire Foster cooperation between business and labor Individuals, charities, and private organizations should help the poor and suffering out (not direct relief from the government)
Hoover’s Cautious Steps Asked employers not to cut wages Asked employers not to lay off workers Asked workers not to go on strike In the end, none of these steps were working
“Hoovervilles” Americans started calling all the shantytowns that had popped up “Hoovervilles” Directed at the president for not doing enough for the poor during the depression
Federal Home Loan Bank Act Law enacted in 1931 Lowered home mortgage rates Allowed farmers to refinance their loans and avoid foreclosures
Reconstruction Finance Corporation (RFC) Agency established in 1932 Provided emergency financing to banks, life insurance companies, railroads, and other large businesses
Bonus Army Between 10, 000 and 20, 000 WWI veterans (1932) Gathered in Washington to demand their pay promised to them and their families for time served in WWI Most dispersed in peace The ones that stayed are gassed and pushed away with force This incident made Americans dislike Hoover even more
Chapter 14 section 3 hoover struggles with the depression
1932 electoral map
Compare and contrast hoover and roosevelt great depression
Hoovers response to the great depression
What was hoover's response to the great depression
What was hoover's response to the great depression
Hoover's poor farm tobacco fund
Chapter 15 section 1 a new deal fights the depression
