AMH 2020 Chapter 24.25 - Chapter 24 & 25 Hoover had...

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Hoover had been head of the American Relief Administration, he had progressive ideas. Most people thought that the government should regrain from getting involved and allow the depression. Hoover thought that the market crash was only a temporary gap in business. He did have the Federal Reserve System agree to lower credit and asked ongress for $140 million for public housing. Hoover wanted to balance the budget and also raised taxes. He created the Reconstruction Finance Corpoation which pumped over 1.2 billion dollars into the economy, asked for the Federal Home Loan Bnak Act and to increase funding for federal land banks. The New Deal 1933-1938 The public was desperate for some type of action from the White House. At the age of 39 he was struck with polio and usually depended on a wheelchair. Hoover had no chance of being elected he carried forty-two of the forty- eight states and the Democrats won the greatest numbers of seats since
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AMH 2020 Chapter 24.25 - Chapter 24 & 25 Hoover had...

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