History 152 - Lecture 13

History 152 - Lecture 13 - Lecture 13 The Great Crash I...

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Lecture # 13: The Great Crash I. Herbert Hoover: Inauguration in 1929: “Given a chance to go forward with the policies fo the last eight years, we shall soon with the help of God be in sight of the day when poverty will be banished from this nation.” A. Poor Iowa orphan to successful mining engineer B. Known as The Great Humanitarian – feed civilian victims of Fighting during WWI C. Became Head of Food Administration under Wilson during the war D. Secretary of commerce under Harding and Coolidge administrations E. Hoover was a progressivist – believed in government regulation of big business F. Strengths also became his weaknesses: Individualism, lack of political savvy G. Well liked by people: “If some unprecedented calamity should come upon the nation I would be sacrificed to the unreasoning disappointment of a people who expected too much.” II. The economy A. False paradise: Done little to help the international economy since WWI. B. Rather than helping war torn European nations, Harding and Coolidge demanded they repay their war loans. C.
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History 152 - Lecture 13 - Lecture 13 The Great Crash I...

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