Spain Subway Map on Known as the RFC, the institution was meant to provide federal loans to banks, life insurance companies, railroads, and other businesses in financial trouble. Hoover further tried to alleviate the country’s economic problems through domestic legislation. In 1929, the passage of the Agricultural Marketing Act was an attempt to raise farm prices by establishing a Federal Farm Board with funds to purchase surplus produce. And the Hawley-Smoot Tariff, passed in 1930, raised tariffs to their highest levels. However, Hoover’s efforts proved inadequate to stop the Depression, which reached its lowest depth in the years 1932 and 1933. Hoover’s failure to implement relief measures was a reflection of his personal opposition to government intervention in the economy. For example, he opposed the proposals for direct federal relief to unemployed workers; he was against such government handouts because they were in direct conflict with his belief in rugged individualism. Spain Subway Map 2016.
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