HIST-H 106 Lecture Notes - Lecture 12: Herbert Hoover, Jane Addams, Bonus Army
Document Summary
Unemployment soars from 3 million (1930) to 13-15 million (1933) Resisted called for direct government relief for poor and unemployed. Asked federal reserve to make it easier for banks to borrow hoping more credit would help economy-- trickle down theory . Hoover reluctant to offer government relief to unemployed and underemployed. Did not believe in government aid but self-help. Some moved because they had no home, could not pay rent. Many cities forced transients to keep moving and would not provide aid. 15,000 vets for wwi march and camp in washington. Demand bonus they were promised in 1920s and many unemployed. Hoover sends troops to destroy their camp, several killed. Roosevelt"s new deal challenged the conservative political ideals of hoover that dominated the. It called for government programs rather than free market solutions as a way to prosper again. And it preached compassion for those in need rather than invoking the idea that individuals could pull themselves out of poverty.
