How did President Hoover respond to the Depression?

9 terms by reccos

Create a new folder

Advertisement Upgrade to remove ads

3-20-12 Notes

Hands Off Approach

Rugged individualism- belief that all indivuals can succeed on their own- government help for people shoul be minimal

Hawley-Smoot Tariff

-Raised the average tariff rate to the highest in history
-Foreign companies responded by raising tariffs on US products decreasing foreign sales

Direct Relief

Hoover did not believe the federal gov't shouls provide direct relief
Charities, churches, local gov't, and state gov't should instead

Public Works

-government financed building projects (i.e. roads, bridges, dams, buildings)
-Problem: How does the gov't pay for them?
Raise taxes + Borrow Money

Help the Banks

National Credit Corp.-created a pool of money so banks could continue lending
Reconstruction Finance Corp.- makes loans to businesses to stimulate economy

Provided a Trickle Down Approach

...money would trickle down to the workers

Hoover flags, Hoover Blankets, Bonus Army, Hoovervilles, Soup Kitchen, Hunger Marches

How did Hoover respond to the Great Depression?

No

Did Hoover's efforts satisfy the people?

No

Did Hoover's response help Americans?

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set