26 gen 1932 anni - Reconstruction Finance Corporation

Descrizione:

It gives $2 billion to corporations. Hoover didn’t believe in direct relief (money to the people directly). Hoover thought it was lazy and focused on laissez faire instead. So he gave money to corporations, trying to create/keep jobs. The Great Depression kills laissez faire forever; proved it to be a failed policy.

Aggiunto al nastro di tempo:

Data: