1. Historical Summary of The Great Depression
When businesses began to fail the government created the Smoot-Hawley Tariff in 1930 to help protect American companies. ... In the beginning the U.S. government seemed caught off guard by the trickling effect of the depression. ... Hoover founded government agencies, encouraged labor harmony, supported 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...
- Word Count: 2613
- Approx Pages: 10
- Has Bibliography
- Grade Level: High School