Today we talked about martin luther king jr. in the beginng of the class because it is martin luther king jr. day.
herbert hoover
social and psychological effects
-suicide rates went up
-people had to give up education, going to the dentist and doctor.
-people in small towns helped each other out a lot.
Hoovers background
-born in 1874
-both parents died and became orphan
-westbranch iowa is where hoover was born
-never actually finished high school but was one of the first people to go to stanford.
-student manager of football and baseball teams
-met wife in college and had two sons
-worked in china for a while as an engineer
-was caught for treason against the US while working in china
-risked his life to save some chinese children
-last cabinet secretary to be elected
-both parents died before he was ten
-known as one of the worst presidents
Hoovers philosophy
-Hoover believed that government should get involved, he wanted people in different organization to help each other to rebuild (charities and rich families should be the ones helping now government started soup kitchens and bread lines)
-Believed that if the governemt helped then people would abuse the governments help, they would become depended (anti-welfare)
-asked companies not to cut wages and lay people off even though they don't have a choice. didn't put much effort into it
-rugged individualism- people need to get there money by themselves and should not expect help from anyone. You should work hard for everything you get. Less government involve ment
laissez-fairre- less government in everything
trickle down theory- helping the rich so that they will cut the poor a break and it will eventually trickle down to help all the people.
-people believed the republicans and hoover did not care about the people
bolderdam project
-before he was president he was secretary of commerce
-he wanted to pay for this with the money they the electricity would make.
-6 companies began building the dam, better known as the Hoover dam
-100s lost lifes and also the biggest cement structure of its time
-created many job
-huge tourist attration
-prevents floods
-irrigation
Democats win 1930 congression election
-mid-term election
-democrats take over and everyone is blaming republicans for what happened
Hoover takes action
-he set up farm board- helped people purchase crops and get the most money they could
-national credit corp. loaned money to banks to keep them open
-federal home loan bank act- designed to lower payments for home and farm so that people could keep there homes
-reconstruction Finacne corp.-congress gave emergency money to life insurance, banks and big business to create jobs for people. an example of trickle down theory.
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