Which reforms were created by President Hoover during the Great Depression? (Select all that apply)

A) Federal Home Loan Bank Act

B) Reconstruction Finance Corporation

C) Federal Security Agency

D) National Recovery Act

A) Federal Home Loan Bank Act

B) Reconstruction Finance Corporation

Explanation:

The Great Depression of the U. S. began during the first year of Herbert Hoover's term in office, in 1929. At the beginning of his term, he stuck to his laissez-faire views and didn't enacted much legislation to regulate the economy, however, at the end of the term Hoover determined to enact some Acts to rescue the economy, two of them were the Federal Home Loan Bank Act (1932) that provided a source of low-cost funds for member banks to use in extending mortgage loans with the purpose of encouraging home ownership (which enhanced people's quality of living), and the Reconstruction Finance Corporation (1932) that provided emergency loans to banks facing the threat of going under.

The correct answers are:

A) Federal Home Loan Bank Act

B) Reconstruction Finance Corporation