hardship and suffering during the depression hoover's response * rejected direct relief as...
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Hardship and Suffering during the Hardship and Suffering during the DepressionDepression
Hoover's Response Hoover's Response
* Rejected direct relief as undermining * Rejected direct relief as undermining to character and rugged individualism to character and rugged individualism
* Urged Americans to turn to community and * Urged Americans to turn to community and church resources (Salvation Army, Community church resources (Salvation Army, Community Chest, Red Cross) to meet needs of the poorChest, Red Cross) to meet needs of the poor
Hoover Gradually used federal agencies to address Hoover Gradually used federal agencies to address issues issues
* Met with business and labor leaders to reduce layoffs * Met with business and labor leaders to reduce layoffs and and strikes strikes
* Financed federal work projects, such as massive dams in * Financed federal work projects, such as massive dams in the West (Boulder, Hoover, and Grand Coulee) the West (Boulder, Hoover, and Grand Coulee)
3. Set up RFC (Reconstruction Finance Corporation) in 1932 to 3. Set up RFC (Reconstruction Finance Corporation) in 1932 to make loans to stimulate economy in a "trickle-down" make loans to stimulate economy in a "trickle-down" manner The corporation was authorized to loan money to manner The corporation was authorized to loan money to banks, railroads and other institutions. banks, railroads and other institutions.
4. Raised tariffs 33% by signing the Hawley-Smoot Tariff in 4. Raised tariffs 33% by signing the Hawley-Smoot Tariff in
attempt to keep foreign goods off the U.S. market.attempt to keep foreign goods off the U.S. market. http://www.youtube.com/watch?v=dxPVyieptwA
The Bonus ArmyThe Bonus Army 10,000 to 20,000 World War I Veterans 10,000 to 20,000 World War I Veterans
& families& families– Support the Patman BillSupport the Patman Bill
Authorize the government to pay a bonus to Authorize the government to pay a bonus to WWI vetsWWI vets
This bill would allow the early payment of the This bill would allow the early payment of the bonusbonus
The bill was defeatedThe bill was defeated– Many left DC, some remainedMany left DC, some remained
Hoover ordered the Army to remove themHoover ordered the Army to remove them Violence and injury was a result as well as Violence and injury was a result as well as
public outragepublic outrage
http://www.youtube.com/watch?v=mSC1lbfXfRQhttp://www.youtube.com/watch?v=mSC1lbfXfRQ