22.3 hoover struggles with the depression hoover’s belief in the “rugged individual” leads his...

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22.3 Hoover Struggles with the Depression •Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis •Saw it as a temporary and necessary downswing •Opposed direct relief, felt intervention by federal government would destroy free enterprise •Resentment towards Hoover and Republicans grows daily •1930 mid-term elections, Democrats take control of House

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Page 1: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

22.3 Hoover Struggles with the Depression

•Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis•Saw it as a temporary and necessary downswing•Opposed direct relief, felt intervention by federal government would destroy free enterprise•Resentment towards Hoover and Republicans grows daily•1930 mid-term elections, Democrats take control of House

Page 2: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Page 3: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Page 4: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Page 5: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Attempts at Helping

• Programs started by Hoover:– Public Works Projects (Hoover Dam)– Federal Farm Board-control prices– Glass Steagall Banking Act (FDIC)-protects banks– Federal Home Loan Bank Act-keep people in homes– Reconstruction Finance Corporation (trickle-down

economics)

Page 6: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Hoover and Bonus Army

• Group of WWI vets led by Waters march to DC to get $1,000 bonus

• Hoover allowed them to create Hooverville while issue was debated

• Senate and Hoover deny money and say go home• About 2,000-5,000 stayed• Police shot 2 vets• Army tear gassed families, 2 babies die

• Hoover’s reluctance to act and gassing of Bonus Army costs him any chance of re-election

Page 7: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Page 8: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Page 9: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

Page 10: 22.3 Hoover Struggles with the Depression Hoover’s belief in the “rugged individual” leads his team to react slowly to crisis Saw it as a temporary and

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