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Voluntary Efforts and Public Works

Do Now: Open to page 669, read “Different Viewpoints” Section and write down who you agree with and why?. Objectives : Students will be able to...(1) explain the economic and social policies of Herbert Hoover (2) describe the various viewpoints on how to fix issues in the country. .

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Voluntary Efforts and Public Works

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  1. Do Now: Open to page 669, read “Different Viewpoints” Section and write down who you agree with and why? Objectives: Students will be able to...(1) explain the economic and social policies of Herbert Hoover (2) describe the various viewpoints on how to fix issues in the country. 

  2. Voluntary Efforts and Public Works • Meeting of the minds – Heads of banks, railroads, and other big businesses, labor and government officials. • Promised to keep factories open and not slash wages • That lasted until 1931…. • Next step was to increase public works • He urged governors and mayors to increase spending

  3. Hoover’s in a ‘Pickle’ Someone had to pay for the projects If he increased taxes, it hurt consumers pockets and hurt businesses If kept taxes low and run budget deficit (Spending more $ than bringing in) it would have to borrow from banks  less $ for businesses to borrow for loans

  4. Pumping $$$ Into the Economy (Banks) • Hoover asks to print more $ (NOPE! Wouldn’t do it!) • National Credit Corporation (NCC): Pool of money put in by banks to loan to other banks (NOPE! Not enough $) • 1932: Reconstruction Finance Corporation (RFC): Loans to banks, railroads, and agricultural institutions • Gave out $238 Mill, to 160 banks, and 18 building-and-loan organizations (NOPE NOT ENOUGH

  5. Direct Help for Citizens • Hoover opposed Governments participation in relief • Thought that only states and cities should dole out relief • Congress passed Emergency Relief and Construction Act – Hoover reluctant to pass • $1.5 Billion for public works, and $300 million in loans to states for relief

  6. Hunger Strikes • December 5th, 1932 – 1,200 “Hunger Marchers” assembled in Washington • “Feed the hungry, tax the rich!” • Police blocked them off and denied food, water, and medical treatment (Slept on sidewalk and trucks) • Eventually members of Congress insisted on their right to protest and they were let go

  7. Farmers Revolt • What did farmers do during the boom days of World War I? • What happened after the war? • Couldn’t make money back let alone profit • Banks foreclosed on land (Taking and evicting families) • Some farmers destroyed crops to lower supply…. • Nebraska they burned corn • Iowa food growers prevented the delivery of veggies • Georgia dairy farmers blocked milk trucks and emptied into ditch

  8. The Bonus Marchers Watch the short video clip and write down 2 CCQ’s on it

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