• Emphasized that the country’s growth and need to continue laissez-faire Republican strategies that had led to the booming growth of the late 20s
• Hoover thought Americans should depend on what he called their “rugged individualism”, depending upon themselves to get by and not by being bailed out by others
• He proposed cutting individual income taxes
• Proposed a program of public building project to jumpstart the economy and stalled businesses.
• Gave government aid to the railroads, banks, and rural credit associations to help stabilize the financial system and he hoped the benefits would tricked down to the average American
• He remained fearful that direct aid would destroy the idea of self-help and create a permanent class of people that looked for the government for help.
• Hoover deplored government handouts since he believed that industry would ultimately prevail
• Reduce the strain on municipal and other government services
• Strike at those seen as people who took American jobs from tax-paying Americans
• Major targets: Texas, California, Illinois, Michigan and Colorado.
o Buy up surpluses, store them, dispose of them rather than see commodity prices shift dramatically
• Federal Farm Board
o Did not have the authority to order reductions in agricultural produce
• Grain Stabilization Corporation
o Bought up wheat for 80 cents per bushel, while the world price was only 60 cents.
• Norris- LaGuardia Act: prevented courts from issuing injunctions to end strikes
• Hawley- Smoot Tariff (1930): enacted on of American’s highest rates at about 40%.
o This backfired since exports (66%) and imports decreased (61%)
• 20,000 camped outside the capital before the “march” was broken up by the US Army.
• states were allocated as much as $1.5 billion for public programs