Fall of October 1932. Hoover had all these plans written down, and he did it all but NONE of it ever worked out. So these were the plans.
Trickle down economics -- Federal government loans money to the bank, loan money to businesses, businesses expand to hire people, people earning money to start spending again, and people spend money on the banks. But this all fail, as banks held onto the money and did not loan it out. As if the Emergency Relief Act was for, federal government loaning small businesses and state government. Businesses fail to accept much because they wouldn't have enough money to pay back. So with all this commotion, I came to the conclusion that, I would never ever settle and put my money within the hands of someone else.
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