November 191. Notes: 22.3- Hoover Responds2. Video Clip: Hoover Presidency3. 22.3 Guided Reading Q’s4. 22.3 Vocabulary

***Ch. 22 Quiz Thursday***

Hoover Responds

Chapter 22 Section 3

Hoover’s Response Hawley-Smoot Tariff Gave public speeches about optimism. Lowered taxes Public Works Projects: Government financed building

projects. Helped some but are expensive. Can’t raise taxes during depression or borrow money

from banks- both would hurt private sector. Hoover asked wealthy to donate to charities. Created the Reconstruction Finance Corporation

(RFC) Government loans money to banks & businesses ($238 million)

Mainly, Hoover believed in state and city relief (money directly to poor) instead of from federal government.

In an Angry Mood Hunger Marches: Organized by American Communist

Party to take advantage of struggles to change government.

Dec., 1932: 1,200 gathered in D.C. chanting “feed the hungry, tax the rich.”

Farmers Revolt: Many farmers began destroying their crops to raise prices by reducing supply.

Bonus Army- 1924: Congress promises veterans of

WWI a $1,000 bonus paid in 1945.- Veterans protested in 1931 saying

they need early payment.- Congress passed a bill to provide

early payment but Hoover vetoed.- The “Bonus Army” marched on

Washington to protest (20,000.)