hoover's response to the great depression
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7 Terms
continues supply side economics
tax breaks to rich
conservative solutions (republicans and hoover)
supply side economics
discourages federal aid to poor
balance the budget: government shouldnt spend money they dont have
liberal solutions (democrats and fdr)
increase taxes on income of wealthy and corps
provide direct federal relief to poor
government going to create jobs even if it has to go into debt (deficit spending)
radical solutions
proposed by socialist and communists
agricultural marketing act(hoover)
sets up + supports farming co-operatives
doesnt really work
reconstruction finance corporation (hoover)
2B dollars in loads to big businesses
doesnt work
eventually money can go to bankrupt counties
bonus army forms (1932)
WW1 veterans camp out in DC demanding their bonuses
US army attacks protestors and Hoover is blamed
Note 
Flashcards (154)