Hoover's Last Stand
The Great Depression
Hoover's Efforts to Improve the Economy
Hoover signed the Hawley-Smoot Tariff in 1930 in effort to protect American industrialists. The tariff was designed to protect American industries against competition overseas. This was the largest tariff in American history. This amount of protection didn't offset the losses we experienced in foreign trade.
In 1932, Hoover created the Reconstruction Finance Corporation. This corporation gave loans to banks, corporations, and state governments. The Golden Gate Bridge was a result from this loan money.