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SECTION 2 HOOVER AND THE DEPRESSION

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Page 1: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

SECTION 2HOOVER AND THE

DEPRESSION

Page 2: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

THE DEPRESSION HITS HOME

Jobs1932: Unemployment reaches

24%Very few available

SurvivingSelling personal items on the

streetFighting over food in the

garbage

Page 3: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

HOOVERVILLES

Shacks built in the outskirts of cities

Made of any available materialNewspapers became blankets

Page 4: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

THE DEPRESSION HITS HOME

Women find jobs easier, paid less

MinoritiesDiscriminated further

ReliefDonations for less fortunate

FoodClothing

ShelterRed Cross and Salvation Army Helped

Page 5: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

HOOVER’S VIEW OF THE DEPRESSION

Americans wondered: when would the Gov’t help?

President Hoover Gov’t shouldn’t helpPrivate Charities should helpDepression would last much longer so

gov’t wasn’t neededBy March of 1930, he changed his mind

Page 6: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

HOOVER’S RESPONSE

Reconstruction Finance Corporation(RFC) 1932 Loaned money to businesses and banks Cut their federal taxes

Public Works $150 million on projects

Build: hospitals, roads, schools

Page 7: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

HOOVER’S RESPONSE

Agricultural IndustrystrugglingNeeded LoansFederal Farm Board created

Buy surplus farm crops Raise or keep prices high due to low supply in market

Failed and shut down in 1933

Page 8: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

HOOVER’S RESPONSE

Federal Home Bank Loan Act (1932)Provided money to banks, insurance

agencies etc…Supposed to keep mortgages at low

rates so less people forecloseSupposed to promote new

construction

Page 9: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items
Page 10: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

THE BONUS ARMY

1924: Congress passed a bill to give WWI vets a bonus in 1945

Due to depression, Vets wanted the bonus earlyMay of 1932 they marched on WashingtonSet up camp in D.C.Police sent to get rid of them and riots

occuredHoover sent Gen. MacAuthur with army to

drive them out Destroyed the camp

Page 11: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items
Page 12: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items
Page 13: SECTION 2 HOOVER AND THE DEPRESSION. THE DEPRESSION HITS HOME Jobs 1932: Unemployment reaches 24% Very few available Surviving Selling personal items

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