Smoot-Hawley Reconstruction Finance Corporation

Smoot-Hawley, Reconstruction Finance Corporation, Revenue Act Of 1932

The significance of this triad is that all of these things were failed attempts under Hoover between 1929 and 1932 to pull America out of the Great Depression. Smoot-Hawley Tariff was created by Reed Owen Smoot and Willis C. Hawley in June 1930. It raised tariffs on over 20,000 imported goods and added a flat fee. It made American products affordable to stimulate the economy and pull us out of the Great Depression.The Reconstruction Finance Corporation was an agency set up by congress in 1932 to facilitate the economy by giving emergency loans to banks, railroads and industries. The Revenue Act of 1932 was the largest peacetime tax increase in history. The timing for this

The Red Scare was the promotion of fear of immigrants and was one of the largest violations of civil liberties in American history. Federal employees were forced to endure loyalty screenings in order to determine their loyalty to the United States. People across the nation feared foreign terrorists and vigilantes took matters into their own hands by delivering justice, usually in the form of murder, to anyone they deemed unpatriotic. The KKK, Ku Klux Klan, made matters worse by doing whatever they could to instill fear into immigrants while encouraging society to fear immigrants. The KKK which started in 1866, was revived during the 1920’s. They hated anyone or anything that they felt was not 100% American. They used violence and intimidation to impose their beliefs on others. The 1924 Quota Act restricted the amount of immigration in the United States. It limited immigration to 2% of the number of people from that country who were already living in the United States during the 1890 census and out right banned immigration from Africa and

In 1934 Senator Huey Long from Louisiana criticized President Roosevelt for not “doing enough for the common people” and he came up with a plan called the Share-the-Wealth Society. He wanted to raise the taxes of the wealthy and give it to the poor, kind of like Robin Hood. The plan would have provided pensions to retirees, reduced work hours, paid bonuses to military veterans and ensured every qualified student could attend college. The problem was that he didn’t seem to understand that it would have cost a lot more money than it would have raised. Father Charles E. Coughlin was another of President Roosevelt’s critic. He claimed that Roosevelt was “anti-God” and that the New Deal was a communist conspiracy. Father Coughlin believed that Jew should be hunted down and he praised Hitler and the Nazis for killing them. Roosevelt decided to annoy his critics by implementing an array of new programs, one of which was the Social Security Act of 1935. The Social Security Act was largely designed by the first female cabinet member in history, Frances Perkins. It was designed not to provide everyone with a nice retirement but instead to help protect the elderly through tax-funded pensions. It also provided benefits for victims of industrial accidents and gave aid to dependent mothers and children and the physically