HIST 2112 Lecture Notes - Lecture 10: Bonus Army, Hooverville, Hubris
Document Summary
Hoover said to employers don"t lay off workers. Smoot-hawley tariff protect americans from foreign competition, record high tariffs on imports gets retaliation, europe cuts in production, layoffs, no euro markets buy american goods f. spending. Tries raising taxes to balance gov budget and cut spending, then less consumer. Reconstruction finance corp. (rfc) independent government loans to banks and corporations, view of hoover as someone who wants to help big business not common men. The bonus army people who want adjusted compensation to help through depression, many rode to d. c. protesting government to pass bill to pay veterans, veterans set up camp hoovervilles , homeless, hungry veterans as symbol of. The 1932 election fdr wins popular vote in 42 states, hoover wins in 6 states, repudiation of hoover"s policies, fdr was a bit vague in what he was supposed to do, each problem confronted as they emerge. Franklin d. roosevelt the new deal, ambitions to have great political career as.
