november 19 1. notes: 22.3- hoover responds 2. video clip: hoover presidency 3. 22.3 guided reading...
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Hoover’s Response Hawley-Smoot Tariff Gave public speeches about optimism. Lowered taxes Public Works Projects: Government financed building projects. Helped some but are expensive. Can’t raise taxes during depression or borrow money from banks- both would hurt private sector. Hoover asked wealthy to donate to charities. Created the Reconstruction Finance Corporation (RFC) Government loans money to banks & businesses ($238 million) Mainly, Hoover believed in state and city relief (money directly to poor) instead of from federal government.TRANSCRIPT
November 191. Notes: 22.3- Hoover Responds2. Video Clip: Hoover Presidency3. 22.3 Guided Reading Q’s4. 22.3 Vocabulary
***Ch. 22 Quiz Thursday***
Hoover Responds
Chapter 22 Section 3
Hoover’s Response Hawley-Smoot Tariff Gave public speeches about optimism. Lowered taxes Public Works Projects: Government financed building
projects. Helped some but are expensive. Can’t raise taxes during depression or borrow money
from banks- both would hurt private sector. Hoover asked wealthy to donate to charities. Created the Reconstruction Finance Corporation
(RFC) Government loans money to banks & businesses ($238 million)
Mainly, Hoover believed in state and city relief (money directly to poor) instead of from federal government.
In an Angry Mood Hunger Marches: Organized by American Communist
Party to take advantage of struggles to change government.
Dec., 1932: 1,200 gathered in D.C. chanting “feed the hungry, tax the rich.”
Farmers Revolt: Many farmers began destroying their crops to raise prices by reducing supply.
Bonus Army- 1924: Congress promises veterans of
WWI a $1,000 bonus paid in 1945.- Veterans protested in 1931 saying
they need early payment.- Congress passed a bill to provide
early payment but Hoover vetoed.- The “Bonus Army” marched on
Washington to protest (20,000.)