Economic failure
- Created by: Jasmin
- Created on: 30-05-13 21:42
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- Economic failure
- Food prices fell, farmers income fell
- Farm Board help farmers, brought surplus farm produce to keep prices up
- People not buying manufactured goods. Businesses collapsing
- Hoover has no solution
- Can't sell manufactured goods to foreign countries
- Tariffs
- Businesses failing banks won't lend money, more unemployed
- Reconstruction Finance Corporation provide loans $1500 million to businesses to get back on feet
- Employers paying low wages. Workers have no money to buy goods
- People homeless, hungry, need help and jobs
- Relief: Hoover saw as responsibility of local state gov but they didn't have any money
- Government schemes provided $423 million for programme to provide new jobs e.g. Hoover Dam
- Food prices fell, farmers income fell
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