how successful was hoover in dealing with the great depression

Question 1

why was hoover called the do nothing president

Answer 1

• believed in rugged individualism
• refused to fund welfare programmes
• believed that too much intervention by the gov. during the depression would destroy American individual strength

Question 2

why did hoover refuse to fun welfare programmes

Answer 2

• thought it would reduce the incentive to work

Question 3

outline what happened at the bonus march - june 1932

Answer 3

1. servicemen who had fought in world war one marched on washington asking for their war bonuses to be paid early
2. peacful protests singing patriotic songs
3. hoover would not meet them but sent MacArthur
4. macarthur said they were communist agitators and troops burned marchers camps

Question 4

what did hoover refuse to admit after the bonus march 1932

Answer 4

• would not admit to failing to control macarthur
• instead publicly thanked god that the usa knew how to deal with a mob

Question 5

when was the bonus march

Answer 5

june 1932

Question 6

what happened in the 1929 mexican repatriation programme

Answer 6

• hoover created the mexican repatriation programme
• caused forced migration of Mexicans and Mexican americans to mexico

Question 7

how many mexicans and mixican americans were forced to migrate to mexico

Answer 7

500 000

Question 8

what did hoover do to (which failed) to encourage the purchase and growth of american made goods and to protect farmers

Answer 8

• the Smoot-Hawley Tariff 1930
  -> raised the tariff on thousands of imported items

Question 9

how did the smoot-hawley tariff 1930 prove to be disastorous fo US and world economies

Answer 9

• a general global trade war
• and a rapid decline in international trade (to about 20% of its earlier levels in just a couple of years)
• his failure to increase the money made by farmers created “in hoover we trusted but now we are busted”

Question 10

what was hoovers main response

Answer 10

• vigarous but narrow
  -> wanted to restore confidence in the economy and banking system

Question 11

did hoover authorise loans to farmers

Answer 11

• agricultural marketing act 1929
• but were expected to be paid back

Question 12

how did hoover try to restart the economy

Answer 12

• 1930 he cut taxes
• and set up the committee for unemplyed relief

Question 13

hwo much money did the emergency relief act provide as unemployemnet pay

Answer 13

$300 million

Question 14

what did hoover do in 1931 to set up schemes to provide work

Answer 14

he gave $ 4 billion to state governments ex hoover dam

Question 15

what act encouraged firms to maintain high wages

Answer 15

davis bacon act
- by recquiring union support wages on federal construction contracts

Question 16

what did the reconstruction finance corporation do

Answer 16

• provided $ 2 billion in aid to
  -> state, local governements, loans to banks, other businesses and finacial institutions