Question

This item has two parts. First, answer Part A. Then, answer Part B. Part A Initially, what was President Hoover's response to the Great Depression? Hoover signed the Revenue Act of 1932 to cut taxes and provide Americans with more income. Hoover held private meetings with American businesses and labor leaders where he urged positivity, rugged individualism, and self-reliance. Following advice from the Treasury Secretary, Hoover used banking loans to construct federal humanitarian projects. Hoover used government reserve funds to balance the federal budget. Part B Many Americans expressed anger with Hoover's response. Which of the following best describes the social significance contained in the image above? The Great Depression orphaned numerous American children. President Hoover established federal poverty camps to house unemployed families. Impoverished Americans formed squatter communities known as "Hoovervilles", a bitter critique of his conservative response to the Great Depression. American agricultural workers blamed the Great Depression on Hoover because he failed to endorse dryland farming methods.

Answer 1

In his early response to the Great Depression, President Hoover emphasized tough individualism and fiscal conservatism by signing the Revenue Act of 1932, which reduced taxes.

In order to balance the budget, he used government reserve cash and bank loans for federal projects. But his reaction was met with criticism, and squatter settlements known as "Hoovervilles" sprung up as a symbol of the public's dissatisfaction with his alleged lackluster handling of the financial crisis.