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Hoover's Responses to the Depression: Struggles, Actions, and Backlash

Explore Hoover's initial approach, including "rugged individualism," charity efforts, and the Boulder Dam Project. Learn how his actions like the Federal Home Loan Bank Act and the Reconstruction Finance Corporation fell short, leading to the infamous Bonus Army incident.

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Hoover's Responses to the Depression: Struggles, Actions, and Backlash

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  1. 30 2/1/10 “Sec. 22.3 Notes” Topic: Hoover Struggles with the Depression

  2. I. Hoover’s initial response to the Depression • Called for cooperation • Let economy fix itself 1. “Rugged Individualism” 2. Bust-boom theory • Indirect relief 1. Encouraged charity 2. Boulder Dam Project

  3. II. Hoover takes action • Federal Home Loan Bank Act • Reconstruction Finance Corporation • Too little, too late

  4. III. The Bonus Army • Veterans protested payments of bonus • Protestors were gassed • 1 child died, 1 child blinded • Hoover’s reputation suffered greatly

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