THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Hoover worried that the Bonus Army might get violent, so he sent in the troops. aimed to provide relief for those affected by the Great Depression by reducing unemployment, stimulating the economy, and regulating the financial system.
Detailed explanation-2: -Hoover’s treatment of the Bonus Army affected his standing with the public in a negative way. His violent actions didn’t settle well with the public and once again his reputation suffered.
Detailed explanation-3: -The Senate subsequently rejected the Patman Bonus Bill by a wide margin. Several thousand veterans refused to leave the capital and, after marchers clashed with local police, the Hoover administration called in the U.S. Army to forcibly evict them from their shantytown in Anacostia.
Detailed explanation-4: -In July 1932, Hoover signed into law the Emergency Relief Construction Act, which allowed the RFC to lend $300 million to the states for relief programs and $1.5 billion for public works projects. Hoover also persuaded Congress to establish Federal Home Loan Banks to help protect people from losing their homes.