After policies and initiatives failed to bring an end to the Great Depression, what radical move did Hoover turn to in January 1932?

Question

History

Giancarlo Sparks

21 December, 07:21

After policies and initiatives failed to bring an end to the Great Depression, what radical move did Hoover turn to in January 1932?

+1

Answers (1)

Know the Answer?

Elyse Brennan · Answer 1

Hoover took steps like reconstruction finance corporation which gave loans to start businesses by people.

Explanation:

Some of the policies that Hoover made in the year 1932 in January to bring an end to the great depression was the formation of the reconstruction finance corporation.

This corporation was formed by him along with the congress to give loans to the people who wanted to start small businesses. But this was also not a very successful move because it failed to meet the need of the people and failed to increase the lending properly.