Hoovers policies (The Depression)

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Created by
Ruby Lacey

Cards (6)

  • Resistance to large scale federal government intervention to help the unemployed.
  • Reconstruction Finance Corporation (RFC) failed to stop more banks from collapsing.
  • Refused to give financial aid to the unemployed but would to banks and businesses.
  • Increased taxes and decreased government spending to balance budget.
  • Revenue Act (1932) - decreased purchasing power of the employed
  • Emergency Relief and Construction Act - 'needy and distressed'. Hoover stated ' I do not expect any states to resort to it, expect as a last extremity'.