816-820 - James Yang 816 820 Q4 1 How did Hoover attempt to...

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James Yang 816 - 820 Q4 1. How did Hoover attempt to halt the depression, and was he successful in his attempt? Hoover did not approve of direct subsidies to businesses, but as President of the United States he felt an obligation to use the federal power to stimulate the economy. Hoover passed the Agricultural Marketing Act, which eventually would use three billion dollars to help famers organize cooperative marketing associations. However, this attempt mainly failed because there was not enough money to make everything that Hoover wished to happen, happen. Hoover also created the National Credit Corporation and Emergency Committee for Employment to raise voluntary action against the depression. He went as far as cutting taxes in December of 1929, but it failed to achieve the goal of stimulating spending. In many areas he attempted to raise moral and gain American support, but nothing he did accomplished that goal and the depression would continue. 2.
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816-820 - James Yang 816 820 Q4 1 How did Hoover attempt to...

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