By Josh Brooman

ISBN-10: 0582223741

ISBN-13: 9780582223745

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Many Republicans in the states believed even more strongly than Hoover in 'rugged individualism'. They disliked the Federal Government in Washington poking its nose into their affairs, and they gave out only $30 million of the money offered to them. In November 1932, in the Presidential election, the . American voters voted Hoover out of office. In his place they elected a Democrat, Franklin D. Roose­ velt, who bravely promised 'a New Deal for the American people'. Thirteen years of Republican rule in which America had risen to new heights of pros­ perity, and then crashed to the depths ,of depression, had come to an end.

Explain your answer. 4. What message, in your opinion, was the cartoonist trying to put across? 27 THE WALL STREET CRASH Wall Street is on Manhattan Island in the heart of New York City. As you can see from the photograph below, it is a street of tall office buildings. The most important of these buildings is the New York Stock Exchange where stocks and shares of all kinds are bought and sold. 'Black Thursday' On a good day in the Wall Street Stock Exchange some two or three million stocks and shares might be bought and sold, while a company's shares might go up a few points, or cents, in value.

Hoover and the Federal Government As you know from Chapter 2 President Hoover believed in 'rugged individualism'. The government, he thought, should let people live their own lives, and leave them to sort out their own problems. During the Great Depression Hoover therefore did little to help the unemployed. He said in 1932: Work section A. Test your understanding of this chapter by explaining the following terms: breadlines; Hoovervilles; Emergency Relief and Reconstruction Act. B. Study the evidence in source A .

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Age of Excess 20th Century by Josh Brooman

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