He reanimated the industry. He led the biancocelesti action and used the National Industrial Recovery Act to prevent blind competition caused by the overproduction, so it was to strengthen the government control and regulation of the capitalist industrial production. He also adjusted agriculture policy. He let the farmers to reduce lots of farmlands, and let them slaughter many animals. The government would have a subsidies for them, and they just wanted to have a stable piece of agriculture products and improve it. He carried out that relieve people in disaster areas by living them employment instead of outright grant. This was a important policies in his New Deal. He built the public work to ease the social crisis and the class contradictions, thus increase the employment rate and stimulate the consume and production. The government also built the social security system to let the retired worker get pension and …show more content…
When he first became the president. The American economy was rising up, but the real estate and the stock has reached a peak. Hoover didn't realize that these will bring a great harm, and think about that after six months, America turned into the 25years of the Great Depression. At the beginning of the Great Depression in 1929, Hoover made a economy plan was that the government intervention in the economy plan. There were some important points of this economy plan: 1. Expanding the credit, and loose monetary policy. He just wanted to reduction of interest and increased the bank's loan value. 2. Public construction. For example: They built the Hoover Dam. 3. Supported the building industry. He convened the national housing conference, and built the bank discount system for housing loan. 4. Supported the agriculture. The important thing was have a subsidy. 5. Suppored the stock market. He thought that every kind of stocks needed to keep the high price. The result of his policy was that the Great Depression happened in 1929 and the unemployment rate was soaring in America. There happened a worst economy crisis and Federal Reserve had the lowest interest rate in 1931. People called that year was a thespian year. Hoover had a decision that he wanted to use a more drastic policy at the congress in 1932. Hoover retired in 1933. He often could make a firm decision quickly in the