Hoover And Great Depression Flashcards
(35 cards)
2 key features of Hoover’s reaction to Great Depression
- He didn’t directly help, believing in volunteerism
- Introduced laws to help indirectly
Why didn’t Hoover intervene to help usa
- laissez-faire attitude
- emphasised rugged individualism
What is rugged individualism
- Idea that government shouldn’t interfere with people’s lives
- and no handouts to help people
How did government interfere to help
- 1930, hawley-smoot tariff
- 1932, emergency relief + construction act
When was hawley smoot tariff act passed
1930
When was emergency relief + construction act passed
1932
What did Hawley-smoot tariff do
- raised import taxes on over 20,000 European goods by 40%
What did hawley-smoot tariff aim to do
- increase the prices of non-American goods
- so American goods were cheaper and more appealing
- this increased the number of American goods purchased
- led to gradual increase in price of American goods
What did 1932 emergency relief + construction act do
Gave loans to promote building of infrastructure
What was the aim of emergency relief and construction act 1932
- provide jobs
- to help economy
Name the famous infrastructure built using loans from the emergency relief + construction act
Hoover dam
Hoover’s limited reaction made him very unpopular
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2 features of unemployment following the depression
- Many lost jobs and savings
- Many moved to Hoovervilles
How many banks closed by 1933
9000 banks
How much was lost in savings from bank failures
$2.5 billion lost in savings
What other meteorological event was going on at the same time
- dust bowl:
- stormy weather conditions
- destruction of farms
How much did farmer’s income fall in 1932
$6 billion to $2 billion
What did farmers do as a result of the dust bowl and crash
- migrated elsewhere having lost their land
What happened to wages in industry in 1933
Wages Halved
- even ford made workers redundant
By 1933, what % of the workforce was unemployed
25%
- couldn’t afford rent
2 key features of Hoovervilles
- Named after Hoover
- Very bad conditions
Why were the Hoovervilles named after Hoover
- mocking him
- for doing nothing to help
Who live in Hoovervilles predominantly
- blacks + immigrants
- who lost their jobs
Sanitary and quality of life conditions in Hoovervilles
- lack of clean water
- lack of electricity