Martin Luther King:
Today in Mr. Bruns's class we talked about Martin Luther King, and how we started the MLK day. He was a speaker for peace and all men are created equal. We listened to 2 minutes of his 'I Have a Dream Speech'.
Psycological Effects of the Great Depression:
Then we talked about the 1920's again. Then we talked about the psycological effects of the great depression. When alchohol was outlawed the homicide and sucide rates were way down. When alcohol was repealed the sucide and homicide rates went way up.
Herbert Hoover
-parents died when he was 9.
-was a humanitarian
-blamed for much of the Great Depression
Hoover's Philosophy
-does not beleive the federal gov't should not directly help the needy, he had small groups help the poor.
-called in business people, had them give advice.
Rugged Individualism:
-people need to fend for themselves.
-starts by getting a good education.
Laissez-Fairre:
-Gov't should stay out of business
-gov't should be small
Trickle-Down Theory:
-giving tax breaks to big business so they can hire people and pay more per hour
Boulder Dam Project:
-aka Hoover Dam
-all concrete
-located in Arizona and part of Nevada
-built to help irrigation, prevent floods, and produce hydro-electric power
-created a lot of jobs
-112 people died when it was being built
Democrats win 1930 Election:
-democrats take over, republicans had Hoover and nobody wanted him so they picked a democrat.
Hoover Takes Action:
-did alot to try to turn the economy around
-tried to help banks so they wouldn't fail, but didn't help much
-Federal Loan Home Bank Act- lowered payments for home or farm
-Reconstruction Finance Coorporation- gave up billions of dollars to banks and businesses, they were supposed to create jobs for people.
Bonus Army:
-Ex world war one fighters
-they wanted money now!
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