feb 18 - February 18, 2011 Herbert Hoover-Republican 1928...

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February 18, 2011 Herbert Hoover-Republican 1928 ironic-president during Stock Market crash initial government reaction optimistic at first prevent further panic aggressively try innovative things limited by individualism hoover believed in smaller government He naively believed that corporation would voluntarily follow if government asked Panic of 1872, 1893, etc Economy a self- corrected 1930-Hoover takes actions Reconstruction Finance Corp(RFC) 1930 700 million dollar fund to bail out banks 32 million for public works to fund RFC, Hoover needed to raise taxes good plan but not good enough public assistance blamed people for not working more public works projects built than previous 30 years Hoover did try! Before Great Depression, people were either very rich or very poor Shantytowns Demeaning process dehumanizing process NY state: each family could only receive $2.30 a week
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This note was uploaded on 01/28/2012 for the course HIST 2112 taught by Professor Sutter during the Spring '07 term at University of Georgia Athens.

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feb 18 - February 18, 2011 Herbert Hoover-Republican 1928...

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