11. Children suffer hardships(476)
if you were old enough in the great depression you worked to help to provide for your family. a lot of kids weren't able to go to school. kids dreams of going to college were crushed.
14. Hoover's philosophy/Cautious steps(479)
he didn't believe in welfare or federal aiding the people. the rich and the poor should help each other. he put higher tariffs on world trade, he didn't want companies cutting people off. shared time became a common thing.
Trickle down theory- tax breaks to upper class/ big businesses--> middle class; more wages/ more jobs--> lower class------------ didn't work because people needed help now and that took a long time
Laissez Faire- government stays out of business.
Rugged Individualism- people fend for themselves.
Fiscally Responsible- people being responsible with money
15. Boulder Dam(480)
2nd largest dam in the world. tallest dam in the world. hoover authorized it. hoover was fiscally responsible he used to money to construct if from profits they made from regulating water. gave water to big cities, provided jobs, made money for it by selling electricity. hoover loved these kind of projects that kind of paid for itself. boulder dam was on the colorado river.. now called the hoover dam.
16. Democrats win 1930 Congressional elections(480)
the u.s was blaming hoover for being in the hole so because he was a republican they wanted a democrat. they were one vote short in the senate so the senate was republican
17. Hoover takes action(481)
hoover made the glassed steagall act and it opened the gold reserve. hoover cut 160 million dollars in taxes. RFC- reconstruction finance corporation; loaned out money to big companies and he thought they would try to expand and give people more jobs (did not give direct relief to people). the federal home loan bank act designed for people to keep their homes and farms. national credit corporation- big banks loan money to smaller banks.
18. Bonus Army(482-483)
WWI vets gathered in washington DC to protest the checks they were given earlier for the war. but the government wouldn't give the money to them.
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