Ch 12 Hoover & The Great Depression Flashcards
The dispersal of the “bonus army” from Washington 1932
Damaged the reputation of Hoover administration
The bonus March on Washington in 1932 suggested that the
Veterans wanted the government to alleviate their financial troubles
The bank that should have done more to ease some of the impact of the Great Depression
Federal Reserve Bank
One of the president hoover’s response to stop the depression in America in 1930 was to
Raise tariff walls
Black Tuesday in October 1929 was the day
The stock market crash hit bottom
Congress created the F.D.I.C in the 1930 to
Protect bank deposits
In 1929 about what percent of the U.S. Population owned about one-third of all wealth?
1 percent
Laissez-faire economic is
Free trade capitalism
The unemployment rate reached a high in 1932 of
30%
The Hayley-smoot tariff
Raised tariff walls
Congress created the reconstruction finance corporation in 1932 to
To infuse capital into failing business
