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Hoover as President

Hoover as President. Chapter 21 section 3. Philosophy. Rugged Individualism: Unnecessary government dimmed the spirit of the American people Believed deeply that it was vital for the nation’s well-being not to destroy people’s belief in their own responsibility and power. Associative State:

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Hoover as President

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  1. Hoover as President Chapter 21 section 3

  2. Philosophy • Rugged Individualism: • Unnecessary government dimmed the spirit of the American people • Believed deeply that it was vital for the nation’s well-being not to destroy people’s belief in their own responsibility and power. • Associative State: • Businesses should form voluntary associations that would make the economy more fair and efficient. • Called together business leaders and experts to discuss ways to achieve national goals.

  3. Hoover Dam • Harness Colorado River to produce electricity and water supply for7 states.

  4. Hoover’s Response to Great Depression • Voluntary Action • Government should seek to AVOID direct involvement in the lives of people • Pushed for Farmer cooperatives • Groups of farmers buy equipment together and share • Urged business leaders not to lay-off employees or cut wages

  5. Hoover’s Reluctance • Direct Action • 1932 Reconstruction Finance Corporation • $2billion in direct government loans given to struggling banks and insurance companies • Federal Home Loan Bank • Encouraged homebuilding • Reduced foreclosures • Smoot Hawley Tariff Act • Raised cost of imported goods • Europe responds with higher taxes on our goods • DISASTER for TRADE

  6. The Nation Responds to Hoover • “We have passed the Worst” • People question his compassion • Why is he willing to give money to banks and business but not individuals? BONUS MARCH page687

  7. 1932 Election • Hoover didn’t bother to campaign • Franklin Delano Roosevelt • Criticizes Hoover’s Actions • Promises to help the Forgotten Man • Offers public works programs • As Governor of New York • Creates a ground breaking relief program that helps 1 in 10 NY families.

  8. Landslide Victory

  9. Click on the window to start video

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