Today we talked about Martin Luther King Jr. Day. We watched his I have a dream speech. He hoped that everyone would be treated equally. We continued blog discussions.
Social and Physicoligcal Effects: It was problems they went through not economic problems. The suicide rate increased by 30%. A lot of people had to change their lives because they were used to being rich and getting nice things. People were embaressed because they lost everything. 18 out of every 1000 people commited suicide. It really brought people together. Neighbors really helped each other out.
Hoovers Background. He was born in Iowa and his parents died when he was 9. He didnt really stay in one place for very long. He was the 31st president. He served in politics as the US secretary of commerse. He won easily the republican nomination to become president. He was an hamanitarion. He didnt win the re election because people wanted change.
Hoovers Philosophy: Hoover did not believe the gov. should have a role in helping the needy. He believed that small organizations should have to help them out. He called in buisness people for advice. Rugged Individualism: people needed to work so hard to just survive. Democrats are much more interested in helping people out with giving them money. Laissez Fairre goverment should stay out of buisness affairs. It didnt work out to well because people needed help. Trickle down theory: gov. will give tax breaks to rich people and big buisnesses. The theory is because is you help the rich out and that will eventually help the lower class through better pay and more jobs. It took along time for it to start working All 3 of his philosophys made him seem that he didnt care about us at all. Supposedly it wasnt true.
Boulder Dam Project: There were dozens of dams built in the 1930s because it gave out jobs. Its also known as the Hoover Dam. Its really close Las Vegas. Its purpose was help errigation, prevent flooding, and to produce hydroelectic power. It created lots of jobs. People lost their lives. 112 people died because it was a dangerous job. They used the money they taxed people for the electric power to help pay it off.
Democrats win Congressional Election: In the 1930s they had a re election of senate and house. In 1932 democrats controlled the nation for quite sometime.
Hoover Takes action: He did a lot of things to help turn the economy around. He established an organization that was designed to help bail the banks out. What he was doing just wasnt enough. Federal Home Loan bank Act lowered payments for your homes and farms and it kept them from losing everything. Recronstruction Finance Corporation gave billions of dollars to state and local buisnesses and banks to try to create jobs for people. (Good example of trickle down theory) Many people blamed him because he wasnt doing anything. It was too little to late.
Bonus Army: In world war I these were people that fought it WWI in the 1940s they were going to get a bunch of money.
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