Hoover’s Public Relief and Economic Reform 15.3. Hoover’s Philosophy “ I do not believe that...
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Transcript of Hoover’s Public Relief and Economic Reform 15.3. Hoover’s Philosophy “ I do not believe that...
Hoover’s Public Relief Hoover’s Public Relief and Economic Reformand Economic Reform
15.315.3
Hoover’s PhilosophyHoover’s Philosophy “ “ I do not believe that the power and duty of I do not believe that the power and duty of
the Government ought to be extended to the Government ought to be extended to the relief of individual suffering. The lesson the relief of individual suffering. The lesson should be constantly enforced that though should be constantly enforced that though the people support the Government the the people support the Government the Government should not support the Government should not support the people.”people.” –Herbert Hoover–Herbert Hoover
Hoover’s Public Relief
Opposition of Direct ReliefOpposition of Direct Relief Hoover rejected direct relief from the Hoover rejected direct relief from the
federal government for the needyfederal government for the needy = no food, shelter, clothing, or money for = no food, shelter, clothing, or money for
needyneedy Instead – Hoover believed private Instead – Hoover believed private
charities best suited for reliefcharities best suited for relief Hoover – hard work was the answer, not Hoover – hard work was the answer, not
handoutshandouts
Encouraging VoluntarismEncouraging VoluntarismHoover and many others believed Hoover and many others believed
voluntary efforts were preferable voluntary efforts were preferable to government aidto government aid
Private charities would not be Private charities would not be enough aidenough aid
Hoover’s Economic Reform
Hoover’s ReformSupports – gov. intervention for
businessTo stimulate economy
Rejects – laissez-Faire approach of hands off proposed by Sec. Of Treasury Andrew Mellon
Hoover’s Programs to End Depression
White House Conference
= meeting of top business, labor, and political leaders following the market crash
Hoover urged them to maintain pre-depression levels of production, employment, and wages
Public Works Programs Construction programs funded by the
government to stimulate business and reduce unemployment
Largest project was the Boulder Dam (Later called the Hoover Dam)
Also built over 800 public buildings and 37,000 miles of roads
Federal Farm Board (FFB)Established to help farmers help
themselves
Offered loans and bought crop surpluses when prices were low
Reconstruction Finance Corporation (RFC)
Authorized to lend up to $2 bill to stabilize banks & large companies
Purpose = strengthen businesses to prevent more failures and job losses
= no relief to businesses or people Benefits did not trickle down fast enough to
slow depression
Hoover’s Failed Policies Did not work They were not drastic enough to halt
the depression and Hoover continued to take the blame
BUT…The government accepted the idea that it can and should do something to boost the economy in times of crisis