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The Response the U.S. Government had to the Great Depression

The Response the U.S. Government had to the Great Depression. By: Paula Jordan-Mayo, Kayla Gales, and Julia Skinner. Hoover’s Policies During the Great Depression. Advocated tax reduction for the low-income Americans and closed tax loopholes for the wealthy

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The Response the U.S. Government had to the Great Depression

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  1. The Response the U.S. Government had to the Great Depression By: Paula Jordan-Mayo, Kayla Gales, and Julia Skinner

  2. Hoover’s Policies During the Great Depression • Advocated tax reduction for the low-income Americans and closed tax loopholes for the wealthy • He started a commission that set aside 3,00,000 acres of National Parks and over 2 million acres of national forests • Supported laissez-faire principles

  3. Hoover’s Policies During the Great Depression • Hoover believed that the economy would right itself • He also believed in private voluntary charities (such as the Red Cross) should organize to help people who were hurt by the depression • He expanded civil service coverage of Federal positions, canceled private oil leases on government lands, and enable the prosecution of mobster Al Capone • Reconstruction Finance corporation (1931) – created by Hoover to provide low interest loans to businesses, state and local governments that were hurt in the depression

  4. Rugged Individualism & Volunteerism • On October 22, 1928, Hoover gave a speech where he expressed his belief that the American system was based on “rugged individualism” and “self-reliance.” • Rugged Individualism– the belief that nearly all individuals can succeed on their own and that government help should be minimal • Volunteerism – Hoover did not believe that the government should lead the way to end the depression, instead he wanted to rely on private measures to solve it

  5. Roosevelt’s Policies • The New Deal- Set of federal programs launched in response to the calamity of the Great Depression • Made to deliver relief to the unemployed and those in danger of losing farms and homes, recovery to agriculture and business, and reform through the foundation of the Tennessee Valley Authority. • The New Deal from 1933-1943 inspired civic, cultural and economic renaissance • The New Deal laid a foundation for success in World War II and prosperity of postwar era

  6. Roosevelt’s 3 R’s • Relief – immediate action taken to halt the economy’s deterioration • Recovery – “Pump - Priming” Temporary programs to restart the flow of consumer demand • Reform – Permanent programs to avoid another depression and insure citizens against economic disasters

  7. Four Goals of the New Deal • Economic Recovery – Stabilized banks, cleaned up financial mess from the Stock Market Crash of 1929, stabilized prices of industry and agriculture, and aided state and local governments • Job Creation – Created a number of special agencies to provide jobs for millions of workers and wages to help families. It recognized the rights of workers to organize in unions • Investment in Public Works – Built thousands of highways, bridges, hospitals, schools, libraries, etc. that are still being used today • Civil Uplift – It was in every state, city and town, improving the lives of ordinary people and reshaping the public sphere

  8. The End

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