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HERBERT HOOVER BIRTH
Born: August 10, 1874, West Branch, Iowa -
HOOVER IN THE GREAT DESPRETION
Hoover eventually did support some interventionist government programs aimed at combating the Depression. Though undersized, the Reconstruction Finance Corporation used federal money in an ultimately unsuccessful effort to stabilize the nation's banking and financial sector. The RFC was also aimed at corporations rather than at the growing ranks of the suffering poor, a policy that reflected Hoover's own beliefs. Fearing that government aid would breed a sense of dependence among the poor, Hoove
