FC: Herbert Hoover
1: Economic Reforms | Herbert Hoovers economic reform consisted of the introduction of the Reconstruction Finance Corporation which was successful in providing relief to homeowners and businessmen. This act loaned 2 billion dollars to help governments and provide relief for banks and other businesses. This aid was extremely important when handling the depression in the United states.
2: Domestic Affairs | On July 21, 1930 Herbert Hoover signed a bill creating the Veterans Administration. This bill authorized the president to establish and oversee all government activities that had an effect on war Veterans. It empowered him to consolidate hospitals and other agencies for the relief of Veterans.
3: Indian Affairs | In 1931 Hoover established The Bureau of Indian Affairs (BIA). This agency had two major responsibilities which were to provide beneficial services to Native Americans and to protect their legal rights. Congress was given Federal authority to regulate commerce, Federal laws, treaties, and judicial decisions among the Indian tribes.
4: Foreign Affairs | After the election in 1928, Hoover was on a trip to Latin America. While in Honduras he gave a speech in which he announced "We have a desire to maintain not only the cordial relations of governments with each other, but also the relations of good neighbors." This came to be known as the Good Neighbor Policy. The purpose of this policy was to improve America’s relationships with Latin American countries.
5: Stock Market Crash | shortly after being elected president in 1929 the stock market crashed. in an effort to minimize the adverse effect on the economy, Herbert Hoover put forth several measures these included unemployment relief and financial relief. All of these attempts to counteract the crash failed and most citizens held Hoover responsible. this was considered one of his greatest failures.
6: Bonus March | In 1924, in an expression of gratitude for American veterans congress voted to give a bonus of $1.25 for each day served oversees and $1.00 for each day served in the states by World War 1 Veterans. These payments were scheduled to made in 1945. Due to the depression thousands of veterans were poor an unemployed and in 1932 demanded payment of the Veterans bonus immediately. In the summer of 1932 congress failed to grant this request. Thousands of “Bonus Marchers” remained in protest in Washington after congress adjourned. On July 28 Marshals and police were sent to evict protesters near the nations capitol. Hoover called the army to intervene against the protesters witch caused a riot with bloodshed. This increased Hoovers unpopularity and was considered one of his failures.
7: The Great Depression | After the Stock Market crash the great depression had a significant impact on most Americans who were driven to the brink of poverty. Herbert Hoover resisted advice from government to intervene. He believe the economy would correct it self on its own and that the government should cut spending. Congress forced him to stabilize the economy by increasing spending to encourage business to develop and ultimately benefit the poor majority. Most Americans did not agree with his policies and expressed their opinion by electing FDR in 1932. The matter Hoover used to deal with the depression is his greatest failure.
8: Herbert Inabilities | Hoovers lacked the ability to meet the satisfaction of most Americans from the stock mark crash to the Great Depression. what followed his presidency tarnished his reputation taking him many years to gain respect lost from most.