ch. 21 great depression
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Ch. 21 Great Depression
Pres. Herbert Hoover
-elected 1928
-supported Prohibition?
-little gov’t interference, more voluntary action
-”Rugged Individualism”
“Rugged Individualism”
-associative state
-Hoover Dam
-Cooperatives
Great Depression
-Bank failures
-Farm failures
-Unemployment
Effects
-Hoovervilles
-Hoboes
-Hunger
Dust Bowl
-Drought in GreatPlains
-no vegetation to holdsoil in place
-2.5 million flee the Plains
Hoover’s Response
-at first, Hoover sticks with his ideas of “Rugged Individualism” and the “associative state”
-believed in voluntary cooperation
-not very successful
Bye-Bye Voluntary Cooperation!
-1932- Reconstruction Finance Corporation is created
-1932- Federal Home Loan Bank
-1930- Smoot-Hawley Tariff Act
Hoover loses favor
-too optimistic??!!
-no direct help for individuals
-Bonus March
1932 Election
-Hoover wins 6 states, 59 electoral votes
-FDR wins the rest, 472 electoral votes
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