Question

What three major initiatives did president Hoover take to help the economy of the United States

Answer 1

President Hoover implemented several programs during his presidency to help the U.S. economy, some are the following:1. National Credit Corporation (1931) - an organization created to stop bank failure, composed of bankers and insurance executives.2. Reconstruction Finance Corporation (1932)  - created to secure loans for struggling businesses, farmers, and infrastructure projects. 3. Smoot-Hawley Tariff Act - imposed raised tariffs on imported goods to protect American businesses and farmers.