Herbert Hoover and the Great Depression

What and when was Black Tuesday?

The day the stock market crashed, October 29, 1929

The Dawes Plan

Plans to rebuild European countries after WW1. We loan Germany money where they pay France and France pays us. We earn a lot of money because of interest.

When the United States collapsed so did other countries causing a

Global Depression

Hoovers stand on the Great Depression was

“We are in a crisis of confidence”

What is a Washington Conference

Herbert Hoover bringing together captains of industry’s to try to solve the depression. This was a failure. He hosted four of them

Great depression unemployment rate

25%

Percent of banks that are gone after great depression

40%

Hoovers public works plan

Giving people jobs like repairing schools, roads, bridges, etc but paying these people by raising taxes.

Agricultural Marketing Act, 1931

Hoovers plan of trying to get the surplus of goods off the market

Hoovervilles

Small homes / sheds where homeless people lived. They passed out Hoover plates & Hoover blankets.

What did Reconstruction Finance Corporation, 1931 do

Hoovers plan to loan money to banks so no more banks would shut down

Where was the bonus army in 1932

Washington D.C.

What is bonus army and what did Hoover do to handle it?

20,000 WWI veterans setting up camp & marching to the capitol for an advance on their check. Hoover has them escorted out by military at gun point.

What does Franklin Delano Roosevelt (D) 1932 campaign on?

A new deal for the American people

Does the new deal end the Great Depression?

No