PPT-From 1929 to 1932, President Hoover was criticized for not

Tens of thousands of businesses failed and unemployment rose to 25 The American banking system collapsed Hoover initially relied on rugged individualism but offered relief checks and job programs . Discuss how Hoover’s initial conservative response to the depression failed.. Explain the changes in the President’s policies as the crisis continued.. Describe how Americans reacted to Hoover’s relief programs. . INTO THE GREAT DEPRESSION. GROWTH AND DISCONTENT. With the war over, 250,000 Canadians hunt for jobs.. Unions had grown during the war but times were now tough.. One Big Union was promised by labour leaders (a Canadian Russian Revolution). In . 1932. the United States was nearing the low point of the . Great Depression. By now Americans had become used to scenes of homeless, . jobless. people camped out in cardboard shacks in public areas. The Financial Panic of 1932-33. A Stock Market Bubble in the USA, Bank Runs, and an International Crisis. The Great Bubble: Suppose You had $100 to invest . in . the . Stock . Market in July 1926. . America in Crisis. Economic Boom!. Values changing. Excessive, pleasure seeking. Entertainment and fun key. Credit on the rise. Consumerism having a hay day, for now. Business up, wages barley increasing. As . the Great Depression escalated into a national . crisis. , . American citizens looked to President Herbert Hoover for a . federal. . response. . Hoover was hailed by many as the “Great Humanitarian” and a wonder worker who could find a solution to their problems. However, Hoover was firmly entrenched in “laissez faire” ideology which would greatly limit his initial response to the Great Depression. . Herbert Hoover. Republican . Hoover took office at a time of unparalleled economic prosperity and optimism. BUT at the end of his presidency- the US was at the bottom of the deepest economic depression in history . Tens of thousands . of businesses failed . and unemployment rose to 25%. The American banking system collapsed . Hoover initially relied on rugged individualism but offered relief checks and job programs, . .. Warm-up . The Great Depression. 8.E.1.1 . Explain how conflict, cooperation, and competition influenced periods of economic growth and decline.. 8.H.2.1 . Explain the impact of economic, political, social, and military conflicts on the development of North Carolina and the United States.. Chapter 17, Section 3. Cautious Response to Depression Fails. When Americans looked to Hoover to solve the crisis of the Great Depression, he did not immediately jump into action. . In the beginning, Hoover adopted a hands-off policy because he felt the economic cycle would correct itself. . Presidential . Election?. Learning objective . – to understand and explain the outcome of the 1932 Presidential Election.. I can . describe . the outcome of the Presidential Election of 1932. .. Grade D. Hoovers Response Fails. At first, Hoover felt that government should not interfere.- . Laissez Faire Economics. Thought of this as a downswing of the . business cycle. . Asked for volunteerism.. For business leaders not to cut prices and wages. New Deal Agencies Hoover V. Roosevelt Finish the questions on the back of the worksheet from last time! Response: Hoover v. Roosevelt Hoover opposed the idea of using the government to provide welfare. Activity Worksheets for Artifacts from the Schoolhouse Herbert Hoover National Historic Site 110 Parkside Drive PO Box 607 West Branch Iowa 52358 Phone 319 643-2541 This page is intentionally blank H