The first thing we did was watch a video on the MLK speech. Then we went back into the stock market crash.
We did a little review on what we talked about in the blog discussion.
Social and phsycologilcal effects
-siucide rate increased up to 30%
-they had to learn to compromise
-lead to negetive effects on poeple
Hovers Backround
-parents died when he was 9
-lived with his uncle
-31 pres.
-mining engineer, author and humanitarian
-pres. durring great depression
Hoover's philosophy
-didnt believe government should help the poor
-called buisness people for advice
-rugged individuallism -people support themselves
-liassez-ffairre -government should not be involved in buisness
-trickle-down theory -government will give tax breaks to the rich
will help rich
then middle class
then it helps the poor
The Boulder Dam Projects
-irrigation
-floods
-tax the electricity
-produce hydroelectric power
-112 peole did building it
-made jobs
-many dams build for above reasons
Hoover Takes Action
-tried to recover bank systems
-government passed mortgage release program
-tried to keep poeple from losing thier homes
-gives billions of dollars to state and local governments and buisness to try to make jobs for people (trickle down theory)
-RFC wasnt enough to change
Bonus army
-WWI garunteed pension, but they needed it early
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