Part one of term paper
My fellow Americans we are in a time of economic turmoil and lost dreams. The past administration failed to see the consequences of not taking federal action. This administration plans to bring back economic stability and hope for present and future generations. Our former commander-in-chief, Herbert Hoover, reacted poorly to the stock mark ...

Part two of term paper
... needed to stabilize the economy. Hoover also felt that the federal government should never supply aid of any kind to the poor, unemployed, and the hungry. His administration upheld the belief that welfare would destroy the character of the American people. Near the end of Hoover’s disappointing term in office, he signed a law creating the Reconstruction Finance Corporation. This organization could loan up to 2 billion dollars to banks, insurance companies, and railroads. Hoover’s last ditch ...