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History of the United States
The Great Depression
Herbert Hoover

What did Hoover do during the Great Depression?

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Answered 2009-04-05 20:36:56

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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

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