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17-3 ush
 

17-3 ush

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Hoover's Response to the Depression

Hoover's Response to the Depression

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    17-3 ush 17-3 ush Presentation Transcript

    • Hoover Responds Ch.17 Sec.3
    • Promoting Recovery• Govt Response – Hoover pledged that the worst had passed for the U.S. economy – Promoted Public works projects by states – Refused to increase federal govt spending – Opposed federal govt spending on relief
    • • Reconstruction Finance Corporation – One of Hoover’s only attempt at federal govt intervention – Gave govt loans to banks, railroads, & agricultural businesses – The amount of money handed out was too little to make a difference• Emergency Relief & Construction Act – Provided $300 million in loans to states for relief – Too little too late
    • In an Angry Mood• Public Response to Hoover – Open acts of revolt increased as Depression worsened – Hunger marches were organized, farmers burned their crops to raise crop prices, “Hoovervilles” set up across the country• Bonus Army – World War I vets who marched across the country to petition for their bonus wages
    • In An Angry Mood• Reaction to Hoover – Public support for Hoover declined steadily as 1932 election approached – Failure to create support programs, press coverage of the Bonus Army violence, and public anger at govt guaranteed no reelection for Hoover