hoover's measures to deal with depression Flashcards
what was rugged individualism?
the idea that every man should fend for himself
what was hoover’s nickname?
the do nothing president
why did Hoover believe in rugged individualism?
he thought people would become lazy with government intervention
when and what march damaged hoovers reputation?
june 1932
the bonus march
what was the bonus march?
thousands of servicemen from WW1 asking for their war bonuses early
refused with tear gas and state troopers
General MacArthur
hoover publicly thanked God that USA knew how to deal with mobs
what programme was introduced in 1929 and why?
Mexican repatriation programme
to reduce municipal aid services/combat white American unemployment
what did the Mexican repatriation programme result in?
forced migration of over 500,000 Mexicans and Mexican Americans (60% US citizens)
what tariff was introduced in 1930?
the Smoot-Hawley tariff
what did the Smoot-Hawley tariff do?
raised tariff on imported items to encourage purchase/growth of American goods
failed
how much did international trade decline due to the Smoot-Hawley tariff?
20%
what saying did farmers in Iowa use in their protests?
“in Hoover we trusted but now we are busted”
what act was passed in 1929 and what did it do?
the agricultural marketing act
authorized loans to farmers and businessmen to stop them going bankrupt
(loans expected to be paid back)
what committee was set up in 1930 to try and restart the economy?
committee for unemployment relief
what act was set up in 1932 and what did it do?
emergency relief act
set aside $300 million to provide unemployment pay
what did the NCC stand for and what did it do?
the national credit corporation
voluntary major banks loaned to small banks on the verge of collapse
