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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How did President Hoover respond to the Great Depression?
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He enforced massive government spending to assist people in need
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He discouraged private charities and local governments from helping
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He assured the nation that the economy would quickly recover on its own
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He called for strict regulations on banks, the stock market and unions
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Explanation:
Detailed explanation-1: -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.
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