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Period: to
Time of the Presidency of Hoover and the Stock Market Crash
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Hoover Became The Secretary of Commerce
Hoover was appointed Secretary of Commerce by President Harding; he served in the Cabinets of both Harding and Coolidge. -
Hoover was elected President of the United States
Hoover was elected President of the United States -
Stock Market Crash
Stock Market Crash -
Hoover met with many business, labor and government leaders to end the Depression
Hoover began a series of meetings with business, labor and government leaders called the conference for Continued Industrial Progress in which he secured pledges to maintain current employment and wage levels. -
Hoovers Attempts to fix The US Infrastructure
Hoover instituted a vigorous public works program in which he authorized $635 million for construction projects. -
Hoovers Attempt to fix the Unemployment problem.
Hoover created the President's Emergency Committee for Employment, which promoted private sector responses to unemployment. -
Hoovers Solution to the Unemployment Problem
Hoover established the President's Organization on Unemployment Relief to stimulate and coordinate employment and relief activities -
Hoover Created the Reconstruction Finance Corporation
The Reconstruction Finance Corporation was created to make loans to struggling businesses.