What were President Hoover's successes and failures?
- Kept faith with the Reublican ideas of "laissez faire" and "rugged individualism"
- Meeting business leaders and had asked not to decrease wages or production levels
- The Hawley-Smoot Tariff Act had passed in 1930, which protected American farmers by increasing import duties on foreign goods. To retalliate, other countries refused trade in the USA
- People were encouraged to give to charities to help the unemployed
- He suggested that state governements should fund projects to provide new jobs
- Assisted farmers with the Agricultural Marketing Act of 1930. The act enabled the government to lend money to farmers through special marketing groups. There was a $500 million revolving fund used to purchase surplus goods from farmers that would be resold when the economy improved.