Great Depression And Hoover Flashcards
How many people lost their jobs by 1932?
13 million (25% of labour source)
By 1932 what fraction of farmers had been evicted from their homes?
1/20
What was the name given to unemployed workers who traveled looking for work?
Hobos
What was the name given to the temporary camps People moved to in cities?
Hooverville’s (named after Hoover because people were angry with his policies)
What did drought turn many farms into?
Dust bowls
What was Hoover’s initial policy towards the depression
Rugged individualism, which means not handing out much government help
Three things Hoover did to try beat the depression
Court taxes by 130 million, set up a huge road and damn building program, set up the reconstruction finance cooperation, which lend money to farmers and businesses
What was the name of the tarriff which placed Higher taxes on foreign goods
Smoot Hawley tariff (made countries raise tax on American products tho)
What was the bonus army?
25,000 army veterans who marched to Washington to ask for their war pension back. They were angry at Hoover