Monday, December 20, 2010

Entry Six: Reconstruction Finance Corporation, Emergency Relief Act and tickle down economics

October 1932,

Dear Diary,
   The only thing people been talking about is how the Bonus Army went to Washington, President Hoover has been trying to do something to help this depression. He started many of those branches to he started the Tickle down economic but my mom said it's not going to work just because the government want to loan the banks but none of the banks didn't have money to pay the loans or they didn't want to give out loans. My mom went and tried to take out a loan but the just told her no. They only thing is that they only want to give money to the big business. They wanted to start the Emergency Relief Act which only gave some what of men jobs but not all of them who need them. But thank god my dad got one of those jobs. But let's see if he can keep it, or if he can come home soon. 



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