1. Historical Summary of The Great Depression
... local aid for public works, fostered cooperation between government and business in order to stabilize prices, and struggle to balance the budget. As the depression worsened there were calls for more government intervention in spending. However, Hoover refused to involve the federal government in forcing fixed prices, or manipulating the value of the currency, because he felt they were steps towards socialism ... aid to citizens, believing it would weaken public morale. In what was perceived as a lack of effective action Herbert Hoover would lose the election of 1932 to Franklin D. Roos...
- Word Count: 2613
- Approx Pages: 10
- Has Bibliography
- Grade Level: High School