“We in America today, are nearer to the final triumph over poverty than ever before in the history of any land. The poor h...
1st Response: Voluntary Action<br />He was laissez-faire<br />Opposed gov’t assistance; rugged individualism was best<br /...
Initially Successful!<br />$150 million for public works (employment)<br />Tax cut (purchasing power)<br />Fed lowered dis...
Long Term: This Didn’t Work<br />He became more activist (biggest increase in gov’t power up to that time)<br />Smoot-Hawl...
Marching for the 1945 Bonus<br />
Pressuring Congress<br />
Sleeping at the Capitol<br />
The Encampment<br />
The Encampment<br />
"We Done a Good Job in France, Now You Do a Good Job in America"<br />
Police Fighting the Campers<br />
Tanks Roll In<br />
Cleaning Up<br />
Aftermath: Hoover Lost the Faith of the American People<br />
Hoover Responds to the Great Depression
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Hoover Responds to the Great Depression

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Hoover Responds to the Great Depression

  1. 1. “We in America today, are nearer to the final triumph over poverty than ever before in the history of any land. The poor house is vanishing from among us”<br /> H. Hoover, August 1928;<br /> A one term president<br />Hoover Responds to the Great Depression<br />US History<br />
  2. 2. 1st Response: Voluntary Action<br />He was laissez-faire<br />Opposed gov’t assistance; rugged individualism was best<br />This was like a “storm”<br />He asked business leaders not to fire workers & lower wages; unions pledged no strikes<br />Wealthy Americans: give $ to charity (local)<br />
  3. 3. Initially Successful!<br />$150 million for public works (employment)<br />Tax cut (purchasing power)<br />Fed lowered discount rate to 2%<br />Got farm board to keep prices high<br />Hoover spoke with confidence—called this a “Panic”<br />
  4. 4. Long Term: This Didn’t Work<br />He became more activist (biggest increase in gov’t power up to that time)<br />Smoot-Hawley Tariff<br />RFC<br />Give $ to banks, who will loan it to businesses, who will hire workers, etc.<br />$ did NOT trickle down (covered losses)<br /><ul><li>Boulder (Hoover) Dam (Public works)</li></li></ul><li>Place photo here<br />The “Last Straw”: The Bonus Army March on Washington<br />US Studies<br />
  5. 5. Marching for the 1945 Bonus<br />
  6. 6. Pressuring Congress<br />
  7. 7. Sleeping at the Capitol<br />
  8. 8. The Encampment<br />
  9. 9. The Encampment<br />
  10. 10. "We Done a Good Job in France, Now You Do a Good Job in America"<br />
  11. 11. Police Fighting the Campers<br />
  12. 12. Tanks Roll In<br />
  13. 13. Cleaning Up<br />
  14. 14. Aftermath: Hoover Lost the Faith of the American People<br />

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