President Hoover fight back the use of government authority and money to apprehend the situation.
• One of his main resourcefulness is the smoot Hawley tariff of 1930 which showed to be devastating for the both of US and world economy. The tariff of 1930 obligatory the uppermost tariffs on imported goods in US history.
• He approved loans to farmers with the agricultural marketing act 1929 and businessmen to help prevent them from bankruptcy but the loans were expected to be paid back.
• He supported “rugged individualism” and apprehended that any governmental assistance to the poor must be temporary and should be provided by local and state government not the federal government.
• Lastly, a different bill with a different orientation which is the reconstruction finance corporation that minimized the amount of direct relief offered by the government and offered loans to help businessmen to avoid bankruptcy.
