1 / 65

Ch 14 Sec 3- Hoover Struggles with the Depression

Ch 14 Sec 3- Hoover Struggles with the Depression. 14.3 Hardship & Suffering During the Depression. Objective…. - Explain H oover’s initial response to the Great Depression. Hoover tries to reassure Americans. Remain optimistic Business as usual

gerda
Télécharger la présentation

Ch 14 Sec 3- Hoover Struggles with the Depression

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Ch 14 Sec 3- Hoover Struggles with the Depression

  2. 14.3 Hardship & Suffering During the Depression Objective…. - Explain Hoover’s initial response to the Great Depression.

  3. Hoover tries to reassure Americans • Remain optimistic • Business as usual • Government could play a limited role in helping to solve the problems.

  4. Hoover writes a book called… • American Individualism (1922) • - “Volunteerism”… • - “a cooperative, socially responsible economic order”…

  5. Hoover’s Philosophy: • Power of Reason • Humanitarian • Gov. should facilitate not control • “Rugged Individualism”-Survival of the fittest

  6. Hoover’s Philosophy II • No Handouts! • No vast Federal Bureaucracy/ No Big Gov. • Use State and Local Government • Charitable Organizations

  7. Hoover Takes Cautious Steps • Called key economic and business leaders to the White House • He asked for promises of no more layoffs or cut wages. • Helped Private Charities generate contributions. • 1931 President’s Organization for Unemployment Relief (POUR) • encouraged local groups to raise money to help the unemployed • Federal aid would only be a disservice

  8. More Action Needed • Economy Shrinking • Unemployment rising • Increased Bankruptcy • General Misery • Soup Kitchens • Shantytowns • Hoboes

  9. 3) What was the nation’s economic situation in 1930 and how did voters respond in the 1930 Congressional (mid-term) elections? • Democrats • 1930 mid-term elections • Win HoR for 1st time since 1916 • Gain 8 seats in the Senate

  10. 4) Describe how the Boulder Dam project helped those unemployed by the Depression and benefited many other Americans.

  11. BoulderDam Project I • Approved in 1928 • Construction began in 1930 and ended in 1936. • Boulder City , NV Housed the workers. • Hoover financed the construction by using future profits of electricity

  12. Boulder Dam Project • $700 million dollar public works project • 726ft. High and 1,244 ft. long • Provided electricity and flood control. (CO river basin) • Provided thousands of jobs • Water source for LA and LV

  13. Boulder (Hoover) Dam • Location: AZ & NV • Built: 1931-1936 • Cost: $165 million • Employed: 8,000 workers • Purpose: Hydroelectric/ Flood control • Boulder (Hoover) Dam Facts • 660 ft. Thick • 726 ft. tall • Concrete = 2 lane road from • Seattle, WA, to Miami, FL

  14. Americans Frustrated by 1930 • Democrats win more seats in Congress • Farmers burned crops and dumped milk • “Farm Holidays” • Farmers block Food • “Blame it on Hoover!”

  15. 5) What actions were taken by American farmers to protest the economic conditions in the agricultural community?

  16. Farmers’ Holiday Association Meeting

  17. 6) Give some examples of how the American public criticized and made fun of President Hoover.- “Hoover-villes”… - “Hoover -blankets”… - “Hoover-flags”…“Mellon pulled the whistle Hoover rang the bell Wall Street gave the signal And the country went to Hell.”

  18. “Mellon pulled the whistleHoover Rang the bellWall Street gave the signalAnd the country went to hell.”

  19. Hoover Takes Action • Federal Farm Board – It would buy crops to keep them off the market. (Farm Cooperatives) • National Credit Corporation – Big banks loaned $ to smaller banks.

  20. Hoover: Direct Intervention * Federal Home Loan Bank Act • Lowered mortgage rates for homeowners • Allowed farms to refinance their loans to avoid foreclosure.

  21. Hoover’s Direct Action II * Reconstruction Finance Corp • $2 billion in emergency finance • Banks • Life Insurance Co. • Railroads • Large Businesses

  22. Critics Of RFC • It would not trickle down • Benefited corporations • Poor still needed direct relief • “Too little too late.”

  23. Hoover’s Actions • 1931 President’s Organization for Unemployment Relief (POUR) • encouraged local groups to raise money to help the unemployed • Federal aid would only be a disservice • He focused on restoring business confidence • Reconstruction Finance Corporation (RFC) • Provided gov’t credit to ailing industries like banks, RRs, etc. to stimulate economic activity • Problem was low consumer demand, not supply!

  24. The Bonus Army • Spring of 1932 • 10,000 -20,000 WWI Vets and Families • Arrived in Washington DC • Came to support the Patman Bill • $500 bonus to vets

  25. The Bonus Army Camp

  26. The Bonus Army

  27. 10) What was Hoover’s opinion of the Bonus Army?11) What happened to the Bonus Army?

More Related