1. The Great Depression
... other attempts at fundamental reform aside. Hoover attempted to meet the challenge of the depression, his policies becoming more vigorous as the depression worsened. The program he pushed through Congress early in 1932, most notably the Reconstruction Finance Corporation (RFC), a federal agency empowered to support financial institutions by lending them large sums, stemmed the banking crisis for the moment. ... as workers sought directly through their own efforts to gain the benefits Section 7(a) had promised. Hundreds of strikes erupted in a number of basic industries, making 1934 a ban...
- Word Count: 5420
- Approx Pages: 22
- Has Bibliography
- Grade Level: Undergraduate