Hoover Eventually Respond1

Hoover Eventually Respond1 - the Great Depression. In 1930,...

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Hoover Eventually Responds He was slow to respond… A two-pronged approach: “Voluntarism” Asked corporate leaders to maintain wages and production levels… Encourage local governments and charities to help people…. The Hawley-Smoot Tariff of 1930 raised the duty from 38.5% to nearly 60%!! This prolonged
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Unformatted text preview: the Great Depression. In 1930, the Great Plains suffered from a prolonged drought By 1930, Hoovervilles showed up By 1932, the Fed was spending some. The Reconstruction Finance Corporation (RFC) January 1932It did help some....
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