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Flashcards in Hoover Deck (5)
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Hoover was in office on Oct. 29, 1929, a day known as "Black Tuesday." What happened on that day?

The Stock Market Crashed


Nickname for homeless communities during the Great Depression.



What was the purpose of the RFC?

To fund banks, railroads, and insurance companies in order to indirectly help other businesses and workers.

The RFC was also set up to help fund public works projects that would help build dams and bridges in the U.S.


How did President Hoover think the Great Depression would be resolved?

Through voluntary action on the part of businesses, local governments, and charities


What was the result in the removal of the "Bonus Army" and the destruction of their camp in Washington, D.C.?

The President looked bad to the American public for trying to get rid of unarmed veterans