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Hoover's Response To The Great Depression

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Hoover's Response To The Great Depression
Hoover’s conservative approach limited his response to the Great Depression. During the depression many Americans lost their homes. Particularly in New York, New Yorkers created tent shelters in Central Park . These tents or shelters were called “Hooverville” . They were named after the president in order to illustrate Americans discontent with Hoover’s response. Towards the end of Hoover’s presidency, in 1932, Hoover did make an effort to help the economic crisis. For instance, Hoover created the RFC in January 1932 to help bring relief to the state and local government. The Reconstruction Finance Corporation (RFC) gave federal loans to banks, railroads and major industry to help boost the economy. Furthermore, The RFC gave money to the
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