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