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ANSWER
He set up the Reconstruction Finance Corp. to bring federal aid to hard pressed banks and businesses. Just as it seemed that this might work and that recovery was at hand, in the winter of 1932-33 the banking system in America went into a tailspin. On March 4, 1933, the American banking system ground to a complete halt.
* Finance public works programs
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoHoover felt the Depression was just part of the Free Enterprise system at work and the economy would eventually straighten itself out. He did not believe that government should take an active role in providing direct relief to those out of work, or to the local and state governments.
- Thank You
Wiki User
∙ 8y agoHe developed the boulder Dam project and helped farmers with the federal farm board and the national credit corporation. He raised the prices farmers received for their crops, and Hoover also created the Reconstruction Finance Corporation.
Wiki User
∙ 12y agohello...? that was like 40 years ago. who cares?
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Who was the leader who called for rugged individualism during the Great Depression?
Herbert Hoover I believe because he took no action toward the Great Depression.
Did hoover freeze wages during the Great Depression?
President Hoover created pro labor policies during the Great Depression. The labor policies that were created froze wages and increased production.
Who had power in the US during the great depression?
Herbert Hoover was president.
What was built during the great depression?
Hoover DamGolden Gate Bridge
Who was the president during early depression?
Franklin Delano Roosevelt was the United States president during the Great Depression.
Who was the leader who called for rugged individualism during the Great Depression?
Herbert Hoover I believe because he took no action toward the Great Depression.
Did hoover freeze wages during the Great Depression?
President Hoover created pro labor policies during the Great Depression. The labor policies that were created froze wages and increased production.
When did Hoovervilles occur?
during the great depression and when herbert hoover was president
Who had power in the US during the great depression?
Herbert Hoover was president.
What was built during the great depression?
Hoover DamGolden Gate Bridge
What did not occur during the great depression?
the Hoover administration created jobs
Who was the president in power during the Great Depression?
Herbert Hoover was President when the Great Depression began. Franklin Roosevelt was President when the Depression ended.
What major events happen during Herbert Hoover's term?
The stock market crash (1929) that began the Great Depression.
What countries where affected in the great depression and What 2 presidents took place during the great depression?
2 presidents were Hoover and Roosevelt
Who was the president during early depression?
Franklin Delano Roosevelt was the United States president during the Great Depression.
What were hoover blanket?
during the great depression, the omeless used old newspapers as blankets. There became known as "hoover blankets" after the United States president Herbert Hoover.
Shanty towns that sprang up during the Great Depression were popularly known as?
They were called Hoovervilles, after President Hoover. Many people blamed President Hoover for the Depression.
