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In this year there was a presidential run. A Republican man by the name of Herbert Hoover ran. He wasn't that important of president
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This date is a very important date. The stock market had completely collapsed. Pres.Hoover at the time didn't want the government to get involve.
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Pres.Hoover had passed a tariff. The tariff which raised average tariff rates to nearly 60% was disastrous. This made international trade retaliate by raising rates on U.S goods.
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The hoover dam was one of Pres.Hoovers biggest projects.The Dam took place during the great depression. It was important to this time period because the project brought work opportunitys.
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Hoover played an important part in passing this law. It helped banks limit any activities on commercial banks. This was to attempt and stabilize the banking sector.