The Great Depression€¦ · The Great Depression 1929-1939. Fighting the Great Depression Hoover...
Transcript of The Great Depression€¦ · The Great Depression 1929-1939. Fighting the Great Depression Hoover...
The Great Depression
Hoover’s Policies
Bonus Army
Election of 1932
The “New Deal”
The Great Depression
1929-1939
Fighting the Great Depression
Hoover had to turn away from
his convictions about government welfare
Hawley-Smoot Tariff:
High protective tariff
Urged Congress to fund government projects
Reconstruction Finance Corporation:
Provided indirect relief through loans to corporations, banks, and agricultural organizations
Bonus ArmyThousands of WWI
veterans protested in DC during the summer of 1932
They wanted the bonus promised them in 1924
Lead by Marine corps major general SmedlyButler
Hoover and the federal government, beset by the same Depression-era finances that motivated the marchers, refused their requests
Election of 1932
Brain Trust
3Rs: Relief, Recovery, and Reform
The “New Deal” - Relief
FDR developed a plan for
getting the US out of the Great Depression
Relief Agencies would provide aid (jobs, $, food) directly to the people
- Civilian Conservation
Corp
- Agricultural Adjustment
Act
The “New Deal” - Recovery
FDR developed a plan for getting the US out of the Great Depression
Recovery Agencies would provide jobs, training, and benefits over a longer period of time
Building Infrastructure
- Works Progress
Administration
- Tennessee Valley
Authority
The “New Deal” - Reform
FDR developed a plan
for getting the US out
of the Great Depression
Reform Agencies would make sure the causes
of the Great Depression
were corrected
- Securities Exchange
Commission
- Federal Deposit Insurance
Corporation