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| Dem candidate, Irish, Catholic, *heavy smear campaign against him* |
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| only small cash payment andrest as loan from stock broker |
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| raised taxes on imports to highest level in American history, reduced American sales abroad |
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| October 29, 1929: stock market crash |
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| National Credit Corporation (NCC) |
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Definition
| purpose was to ease money shortages by pooling money to enable banks to keep loaning |
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| Reconstruction Finance Corporation (RFC) |
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| failed b/c overly cautious, :::first time an american president had used federal power to intervene in economy during peacetime::: |
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| pres. thought worst would be over within 60 days of Black Thursday, thought relief wasn't federal gov't job, |
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| Economic Relief and Construction Act |
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Definition
| called for $1.5 billion for public works, $300 million in loans to states for direct relief |
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| Vets march on Washington, Douglas Mac Arthur clears them out by force... badbadbad PR |
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