Post on 28-Dec-2015
Herbert Hoover was president when the Depression started
His Philosophy: We’ll make it!– Opposed direct federal aid– Self-help & volunteerism– Self-help cooperatives
He Did Nothing
Farmers felt the effectsPrices of crops went down
Many farms foreclosedPeople could not afford luxuries
Factories shut downBusinesses closed
Banks could not pay out moneyPeople could not pay their taxesSchools shut down due to lack of funds
Many families became homeless and had to live in shanty towns called “Hoovervilles”
Immediate Effects
“Hoovervilles”
• Some families were forced to live in shanty towns– A grouping of shacks
and tents in vacant lots
• They were referred to as “Hoovervilles” because of President Hoover’s lack of help during the depression.
The Bonus Army/MarchThe Bonus Army/March• WWI veterans who were promised a
$ bonus in 1945, want it NOW (1932)• Gov’t denied their pensions• Marched on Washington, 1932
and “camp out” around White House• Hoover sends Army (Eisenhower,
MacArthur), used tear gas, machine guns, and burned the camp
• Deep anger at gov’t• Deep class divisions• http://www.youtube.com/watch?v=xqevdBZCbcQ