page 26 of USA A5 booklet (Hoover's measures to deal with the depression.) Flashcards

1
Q

What did Hoover believe in?

A

Rugged Individualism

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2
Q

What is Rugged Individualism?

A

The idea that every man should fend for himself.

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3
Q

What was Hoover known as?

A

“The do nothing president”. Because he believed that government hand-outs to the poor and unemployed could make them lazy.

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4
Q

What happened in June 1932 which damaged Hover’s reputation?

A

In June 1932 with the Bonus March.

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5
Q

What was the Bonus March?

A

Thousands of servicemen who had fought in the First World War marched on Washington asking for their war bonuses (a kind of pension) to be paid early. The marchers camped peacefully outside the White House and sang patriotic songs.

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6
Q

What was Hoover’s response to the Bonus March?

A

Hoover refused to meet with the protesters. He ordered General Douglas MacArthur to handle the situation. MacArthur convinced himself (with very little evidence) that they were communist agitators. He ignored Hoover’s instructions to treat the marchers with respect. Troops and police used tear gas and burned the marchers’ camps.

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7
Q

What did Hoover do after the Bonus March?

A

Hoover would not admit that he had failed to control MacArthur. He publicly thanked God that the USA still knew how to deal with a mob.

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8
Q

What did Hoover set up in 1929?

A

Hoover set up the Mexican Repatriation Programme.

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9
Q

What was the Mexican Repatriation Programme of 1929?

A

It resulted in the forced migration of over 500 000 Mexicans and Mexican Americans to Mexico.

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10
Q

What was the problem with the Mexican Repatriation Programme?

A

Over 60% of those driven out were US citizens.

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11
Q

What did Hoover impose in 1930?

A

He imposed the Smoot Hawley Tariff.

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12
Q

What was the aim of the Smoot Hawley Tarriff?

A

he aim was to:

  • encourage the purchase of American made goods.
  • raise federal revenue
  • protect farmers.
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13
Q

What was the problem with the Smoot Hawley Tarriff of 1930?

A

t resulted in a general global trade war and a rapid decline in international trade.

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14
Q

How much did international trade fall by due to the Smoot Hawley Tarriff?

A

International trade declined 20% of its earlier levels in just a couple of years.

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15
Q

What was the chant about Hoover from farmers in Iowa?

A

“In Hoover we trusted and now we are busted.”

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16
Q

What was Hoovers main aim?

A

To restore confidence in the economy.

17
Q

What did Hoover set up in 1929 which helped farmers?

A

The Agricultural Marketing Act in 1929 authorised loans to farmers and businessmen to help them from going bankrupt. But the loans were expected to be payed back.

18
Q

What did Hoover do to try and stimulate spending ?

A

He cut taxes

19
Q

What was set up in 1930 which helped the unemployed?

A

The Committee for Unemployment Relief.

20
Q

What was set up in 1932 which set aside money for the unemployed?

A

In 1932, he passed the Emergency Relief Act which set aside $300 million to provide unemployment pay

21
Q

What was the NCC?

A

The National Credit Corporation (NCC) recieved much support from Hoover as it was a voluntary association of major private banks that loaned to smaller banks on the verge of collapse.

22
Q

What act made it easier for banks to borrow money from the federal reserve?

A

The Glass-Steagall Act helped banks by making it easier for them to borrow from federal reserves.

23
Q

How much money did Hoover give to the state governments? Why?

A

Hoover gave the state government $4 billion to set up schemes to provide work (e.g. the Hoover dam)

24
Q

What did the Davis-Bacon act do?

A

The Davis-Bacon act encouraged firms to maintain high wages by requiring union supported wages on Federal construction contracts.

25
Q

Which act was set up to protect trade unions?

A

The Norris-La Guardia Act protected trade unions.

26
Q

What was the Reconstruction Finance Corporation?

A

A government agency established and chartered by the US Congress in 1932. The agency provided $2 billion in aid to state and local governments and loans to banks and other business and financial institutions.