Herbert Hoover’s Response to the Great Depression

Issues in 1932
30,000 businesses closed

Issues in 1933
-9,000 banks closed
-12 million unemployed 1/4 workforce

In 3 years
Family income from $2,300/yr to $1,600/yr

Hoover • He succeeded Coolidge in 1929 • 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 …

Public Works set up state a local building projects to help employ people Reconstruction Finance Coorporation gave federal loans to businesses, in exchange, the businness would hire workers; supported Hoover’s “Trickle Down Theory”. Didn’t work WE WILL WRITE A CUSTOM …

Key Republican Party Policies during the 1920s Laissez-faire- lack of involvement in the economy. Small state. Deregulation of business and the stock markets Hoover’s Response to the Depression At the start – very little. Believed that it was simply a …

Laissez faire Idea that government should not interfere in the economy Hoovervilles Popular name for shanty towns built by homeless people during the great depression WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Localism policy relied on by President Hoover in the early years of the great depression whereby local and state government acts as primary agents of economic relief Little orphan Annie The famous comic strip that entertained children during the Great …

Franklin Delano Roosevelt Democratic president who created the New Deal to counter the effects of the Great Depression New Deal A collection of multiple programs started to end the Great Depression passed by Franklin Roosevelt; some of these programs included …

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