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Essay heading: Key Points of the Great Depression
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American History |
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| Date added: |
May 31, 1997 |
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6 / 1570 |
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Approved by congress
What: authorized $2billion for emergency financing for banks, life insurance companies, railroads, and other large businesses.
Why: Hoover believed that the money would trickle down to the average citizen through job growth and higher wages.
When: January 1932
Where: united states
*Bonus Army (aka Bonus Expeditionary Force)
Who: between 10,000 and 20,000 war veterans and their families (one 11 month old baby and 2 people were killed, one 8 year old boy was blinded by gas)
What: President Hoover ordered 1000 soldiers under the command of Gneral Douglas MacArthur and his aide, Major Dwight D... displayed 300 characters
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Eisenhower, to rouse the veterans away
Why: he was nervous that the angry group could become violent
When: 1932
Where: Washington D.C.
New Deal
Who: FDR and his carefully picked team of advisers (professors, lawyers, and journalist) (they became the "Brain Trust"
What: was formulated to alleviate the problems of the Great Depression (three goals (3 R's): relief for the needy, economic recovery, and financial reform)
Why: to help alleviate problems during the Great Depression
When: during the 4 month waiting period of FDR's inauguration in 1933
Where: the united states
*Hundred Days
Who: FDR
What: a period of intense activity where FDR proposed (and Congress passed) 15 major pieces of New Deal legislation... displayed next 300 characters
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