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Unformatted text preview: Hoover Perspective • Depression caused by world wide collapse • Confidence that American economy is sound • American virtues: government intervention will destroy personal independence, initiative Hoover’s Response • Optimism: “prosperity is just around the corner” o Willing to spend money o Makes Hoover appear very callas o In Detroit, 1000’s gathered to protest Hoover campaigning in the area….all chanting “Hang Hoover” • Business/government cooperation: sustain wages and investments (voluntary) • Saving Financial Institutions: Reconstruction Finance Corporation (1932) • Public Works and Relief...
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- Spring '08
- Great Depression, Wall Street Crash of 1929, Hoover Administration Hoover