U.S. History 14.3_Hoover_Struggles_with_the_Depression_Reading.pdf

Herbert Hoover:

31st president

Boulder Dam:

Dam on the Colorado River built during the Depression to create jobs

Reconstruction Finance Corporation:

Agency established in 1932 to provide emergency relief to large businesses, insurance companies, and banks

What actions did Hoover take to improve the economy?

Hoover asked employers not to cut wages or lay off workers, and he asked labor leaders not to demand higher wages or go on strike. He created a special organization to help charities generate contributions for the poor. The Dam was constructed to provide electricity, flood control, and regular water supply.

What did Hoover think government should do in poor economic times? Explain.

Hoover believed governments shouldn't get involved with economic problems and he promotes volunteering for people to help each other out. He also created jobs with the making of the Boulder Dam.

How did the treatment of the Bonus Army affect President Hoover?

Hoover's image suffered. The downturn in the economy and Hoover's inability to deal effectively with the Depression had sealed his political fate.

Federal Home Loan Bank Act:

Law passed in 1931 to reduce mortgage rates to save farmers from foreclosure

What was the Patman Bill and what happened when it failed in the Senate?

Patman Bill was a bill that proposed by Wright Patman to pay out bonuses to World War 1 veterans. During the consideration of the bill, the Bonus Army, a group of veterans demanding payouts came to Washington and camped out near the capitol building.

What happened to the Bonus Army?

The Bonus Army was voted down in Congress, Hoover told the veterans to leave as Thousands of veterans and their families came to Washington and set up tents near the capitol building. About 2,000 stayed. Hoover ordered the army to remove them. The sight of U.S. Army troops using tear gas on citizens outraged many people.

Bonus Army:

Unemployed World War I veterans who marched to Washington to demand their war bonuses as they were promised by the government