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Hoover was appointed Secretary of Commerce by President Harding; he served in the Cabinets of both Harding and Coolidge.
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Hoover was elected President of the United States
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Stock Market Crash
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Hoover began a series of meetings with business, labor and government leaders called the conference for Continued Industrial Progress in which he secured pledges to maintain current employment and wage levels.
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Hoover instituted a vigorous public works program in which he authorized $635 million for construction projects.
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Hoover created the President's Emergency Committee for Employment, which promoted private sector responses to unemployment.
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Hoover established the President's Organization on Unemployment Relief to stimulate and coordinate employment and relief activities
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The Reconstruction Finance Corporation was created to make loans to struggling businesses.