Hoover Administration

1. Unit 2- The Great Depression

2.  1. Herbert Hoover’s (R) philosophy
 A. Gov’t should play a limited role to fix
economy
 B. Opposes federal aid (welfare); preferred
“rugged individualism”

3.  C. Constructs the Hoover Dam- Provides:
 1. Electricity
 2. Water supply
 3. Flood control
 4. Jobs

4.  1. Reaction to Hoover
 A. Unemployment is rising
 B. GOP loses control of H.O.R. and seats in the
Senate
 C. Farmers riot, destroy crops, block roads

5.  1. Hoover’s Response
 A. Federal Home Loan and Bank Act- tried to
stop foreclosures by lowering mortgage rates
 B. Reconstruction Finance Corp.- $2B for
failing businesses
 Both are ineffective

6.  C. Bonus Army
 1. WWI vets want their bonus ($500) early and
assemble in DC, Congress says no
 2. Some vets refuse to leave DC
 3. Hoover sends in army, vets are gassed, a baby
is killed, another is blinded, another injured
 No chance at re-election