The Response to the Depression from Hoover 0.0 / 5 ? HistoryThe USA - twentieth century changeGCSEWJEC Created by: DJSaltCreated on: 16-03-17 16:42 History USA: Hoover's early policies: When did Hoover become President 1928 1 of 6 Name 2 things Hoover believed in Balancing the budget and he refused to borrow money to help create jobs. He also believed in rugged individualism 2 of 6 What was the Reconstruction Finance Corporation, state the date introduce February 1932, this gave $2 billion of federal aid to ailing banks, insurance companies and railroads. 3 of 6 What was the Emergency Relief Act, state the date introduced July 1932, this gave $300 million to help the unemployed 4 of 6 What was the Home Loan Bank Act, state the date introduced July 1932, this set up 12 regional banks which aimed to stimulate house building and home ownership. 5 of 6 What did people say to criticize Hoover People said he did too little too late 6 of 6
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