Topic 5 - The 1932 Presidential Election Flashcards
Who was President of the USA from 1928 to 1932?
Herbert Hoover (Republican)
What political party did President Hoover represent?
The Republicans
What was President Hoover accused of being during the years of the depression?
A “do nothing” President
What approach did President Hoover take to dealing with the depression?
Laissez-faire: As a Republican, he believed that the American economy would recover naturally, without government interference.
“Rugged individualism”: He believed that it is not the government’s responsibility to provide welfare and aid. Instead, people should look after themselves.
What law did President Hoover introduce in 1930, which placed even higher tariffs on foreign imports coming into America?
The Hawley-Smoot Tariff Act
When was the Hawley-Smoot Tariff Act introduced?
1930
What evidence is there that the Hawley-Smoot Tariff Act worsened the depression?
Other countries retaliated to the high tariffs and added even higher tariffs to American goods, making US goods even harder to sell abroad.
What bill did President Hoover block?
Garner-Wagner Relief Bill
What would the Garner-Wagner Relief Bill have allowed Congress to do?
It would have given Congress permission to spend $2.1 billion on creating jobs.
What was the name given to the group of 25,000 veterans who protested in Washington D.C. in the summer of 1932?
The Bonus Marchers
Who were the Bonus Marchers?
25,000 war veterans who protested in Washington D.C. in the summer of 1932.
What did the Bonus Marchers demand?
They demanded the bonus of $500 which they had been promised in 1924 (instead of receiving it in 1945).
What did President Herbert Hoover accuse the Bonus Marchers of being?
Communists or criminals
How were the Bonus Marchers eventually dealt with?
Hoover ordered the army to attack their camps, evict them, and drive them out of the city.
What evidence is there that Hoover was not a “do nothing” President?
- In 1930 and 1931, he ordered tax cuts to give people more disposable income.
- He tried to persuade business leaders not to cut wages.
- He set up the Reconstruction Finance Company, which worked to prevent banks from doing bankrupt.