loans for businesses
president herbert hoover federal reserve
Loans of businesses
loans for businesses
President Hoover was looking for ways to help the country out of the Great Depression. He offered federal aid to banks and businesses hoping this in turn would help the citizens.
Herbert Hoover was the 31st president of USA. He was elected to office in 1928 and in 1929 the economic melt down hit USA. He opposed direct federal relief during the great depression.
When the great depression struck, Hoover decided not to give government aid to the people believing that it would inflate the Federal government budget.
Herbert Hoover
Hoover's weakness during the depression was his inability to grasp the seriousness of the situation. His other weakness was that he didn't know how to use the considerable power of the federal government to turn things around.
Herbert Hoover was the president for a short time when the depression first began. He did what he could within the limits he believed the federal government had . Franklin Rooseveltthen took office and was President for most of the depression. He pushed through several large scale measures of economic and social intervention, several of which were challenged on constitutional grounds and all of which greatly expanded the role of the federal government. The depression finally ended when the nation geared up for the wartime effort and 500,000 men were added to the military service.
Herbert Hoover
The relationship between federal and state governments is dynamic and is affected by the policies of the president and of Congress
provide some federal help to bankers, but leave relief for the poor to private charities.