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Election of 1932

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Question
Answer
Republican View on Economy   *Laissez Faire type with focus on helping big business *Each person is responsible for himself with gov't guidelines (self gov't) *Fears too much gov't interference in industry *Rugged individualism *Helping Neighbor  
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Republican Plans for Recovery   Hawley Smoot Tariff (1930) and Reconstruction Finance Corporation (1932)  
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Hawley Smoot Tariff (1930)   Enacts a 60% tax on tariffs imports  
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Reconstruction Finance Corporation (1932)   A gov't measure to support big business banks and insurance companies with federal assistance... Benefits will trickle down to the average citizen  
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America's Reaction to Republicans   Bonus March and Election of '32 with 30% votes for Herbert Hoover  
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Bonus March   Thousands of WWI Veterans march on Washington for their promised WWI bonus check. 2 people killed in removing the vets.  
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Democrat View on Economy   *Spread the wealth out more, doesn't see playing field of Americans as equal *Wants to get gov't involved in industry/economy *Wants to give money to the poor from the rich  
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Democrat Plans for Recovery   New Deal, Hundred Days Congress, Bank Holiday, Repeal Prohibition, and Fireside Chats  
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New Deal (Three R's)   Relief for the unemployed, Recovery of the economy, and Reform of big business practices and economic institutions  
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Hundred Days Congress   The Democratic congress that enacts more legislation in 100 days than any other congress before.  
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Bank Holiday   To stabilize the banking industry, banks are closed and reopen with new insurance from the gov't  
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Repeal Prohibition   18th Amendment is replaced with the 21st Amendment for economic purposes  
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Fireside Chats   Radio speeches to public to instill confidence in the New Deal and economy  
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America's Reaction to Democratic Party   Roosevelt's Popularity with victories in '32, '36, '40, '44. New groups of American's who will vote democrat (working class, women, A-A, Jews)  
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