As a result, he responded to the economic crisis with a goal of getting people back to work rather than directly granting relief. In October 1930, he established the President's Emergency Committee for Employment (later renamed the President's Organization for Unemployment Relief) to coordinate the efforts of local welfare agencies.
As the Great Depression worsened, however, charitable organizations were simply overwhelmed by the magnitude of the problem, and Hoover tried new ideas to stimulate the economy:
<span><span>The Reconstruction Finance Corporation (RFC) (1932) provided railroads, banks, and other financial institutions with money for loans.</span><span>The Glass-Steagall Act (1932) made getting commercial credit easier and released $750 million in gold reserves for additional business loans.</span><span>The Emergency Relief and Construction Act (1932) provided funds to the RFC to make loans for relief to the states and included additional money for local, state, and federal public works projects.</span></span>
Freedom of speech, freedom of the press, freedom of religion
the Chinese workers were content/happy performing the jobs few white men wanted
Explanation:
- As the author of the text says "As long as Chinese were content with jobs few white men wanted, then the whites ignored them. But as soon as Chinese landed better jobs or ventured into more attractive industries then trouble brewed, especially during hard economic times. Whites feared employers would use the Chinese to drive down wages and reduce whites to a status no higher than that of the Chinese workers themselves."
- Otherwise, whites were sometimes actually doing some awful things to Chinese workers.
They order and structure the behavior of individuals by means of their normative character. They also structure incentives in human exchange, whether political, social or economic”. Institutions comprise for example contracts and contract enforcement, protection of property rights, the rule of law, government bureaucracies, financial markets.
