Q3 W8 Monday - 1 When the great depression first hit who took a lot of the blame President Hoover 2 At the start of the economic downturn Hoover

Q3 W8 Monday - 1 When the great depression first hit who...

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1. When the great depression first hit, who took a lot of the blame? - President Hoover 2. At the start of the economic downturn, Hoover followed a “hands-off” policy. 3. What did Hoover blame the down turn on? - Business Cycles 4. What did Hoover ask business and industrial leaders to do? - Keep employment, wages, and prices at current levels 5. What did Hoover request that wealthier individuals do to help? - Give more money to charity 6. What is localism? Who did Hoover expect to participate? - the policy whereby problems could best be solved at local and state levels and he expected state and local governments 7. What is a "Hoover Wagon", "Hoover Heaters"? - trucks pulled by horses and campfires 8. In Trickle-Down Economics, who is given money or tax breaks? - Banks and big businesses 9. What are they expected to do with the money? - trickle it down to smaller businesses/consumers Next Pg. 10. What type of Radical Change were people calling for? (2 things) - Socialism/Communism 11. Who did the Bonus Army consist of? - WW1 Veterans 12. What did the Bonus Army want? - Early payment of a bonus promised them by Congress 13. How did the protests end? ("Badly" is not enough of an answer) - More than one thousand
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