Herbert Hoover Flashcards

1
Q

During the depression he followed a policy of………

A

Austerity: he cut government spending and sacked thousands of workers. He cancelled any contracts with private companies, these companies had to cut their spending as well.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

He took firm action against protesters like

A

the bonus army who were US armed forces veterans who wanted their bonus sooner rather than later. Hoover used tear gas against them, 2 babies are killed by this.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Hoover set up the federal farm board which

A

paid farmers to take land out of production and destroy crops and livestock. Was only given $500 million so couldn’t do much

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Hoover decided to spend

A

$423 million on public works, like the Hoover dam

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

January 1932 Hoover set up the

A

Reconstruction Finance Corporation (RFC) which had $2 billion to lend to businesses. Only $1.5 billion was borrowed as businesses were reluctant to get into debt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly