1. President Hoover and the Great Depression
The reality of the lower class was that few men brought home paychecks. ... In addition they were needed at home to help with household chores. ... According to an old study "26,000 American businesses collapsed; in 1931, 28,000 more met the same fate. ... The Federal Home Loan Bank Act created discount banks to help refinance homes and prevent foreclosures. Hoover also wanted the reform of bankruptcy laws to help in the reconstruction of businesses. ...
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