Hoovers actions
- Created by: Jasmin
- Created on: 31-05-13 19:31
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- Hoovers actions did not help the economy
- Reduction in taxation so that people had more money to spend
- Expansion of 'public works'
- Home Loans Act to help mortgage payments
- Conferences with industrialists in an effort to maintain jobs and wages
- A 1 year suspension on war debts and reparations by European gov to USA
- Hope would enable them to buy more American goods
- Reconstruction Finance Corporation provided loans to help firms
- "too little, too late"
- 'rugged individualism'
- Believed if right conditions could be created, people would be able to work themselves out of poverty without direct assistance from gov
- Therefore refused to offer any financial relief to individuals
- Very unpopular
- Believed if right conditions could be created, people would be able to work themselves out of poverty without direct assistance from gov
- High tariffs on foreign goods led to retaliation - other countries raised their tariffs to protect own industries
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