hoover and roosevelt Flashcards
why did hoover do little to intervene?
he believed in rugged individualism and opted for a laissez faire approach
what was the national credit corporation 1931?
all major banks were meant to pay a loan fund to stop struggling banks from closing
why did the national credit corporation 1931 fail?
most banks did not want to help their rivals
what was the smoot-hawley tarrif 1930?
raised price of imported goods to encourage people to buy us-made goods
why did smoot-hawly tarriff 1930 fail?
countries responded by raising price of imported us goods
trade to and form us fell
why did roosevelt lose support in congress?
because of his poor response to poverty, homelessness and unemployment
what were bonus army marchers?
ww1 veterans who were owed compensation payment, but they marched on washington to payment early
how did roosevelt react to bonus army marchers and how did this affect his status?
he used brute force to remove them
a few died
made hoover more unpopular
hoover was beaten by roosevelt in 1932, what did roosevelt promise that made him so popular?
promised action
proposed a new deal
promosed 3 Rs
