!! History Commons Alert, Exciting News

Profile: Herbert Hoover

Herbert Hoover was a participant or observer in the following events:

The Federal Home Loan Bank Act is introduced in the House of Representatives on May 25, 1932. It passes Congress on July 16 and is signed into law by President Hebert Hoover six days later, on July 22. The act is intended to lower the cost of home ownership. It establishes the Federal Home Loan Bank Board (FHLBB) to charter and supervise federal savings and loan associations (S&Ls). It also creates Federal Home Loan Banks, which lend to building and loan associations, cooperative banks, homestead associations, insurance companies, savings banks, community development financial institutions, and insured depository institutions in order to finance home mortgages. [The American Presidency Project, 7/22/1932]

Entity Tags: US House of Representatives, Federal Home Loan Bank Board, US Congress, Herbert Hoover

Timeline Tags: Global Economic Crises

Congress passes the Public Utilities Holding Act, which bars public utility companies from making federal campaign contributions. Essentially, the act extends the ban on corporate contributions (see 1925) to utility companies, as they are not covered under existing law, and, under the administration of President Franklin Roosevelt, are growing rapidly in power and influence. Roosevelt had been elected to office in 1932 on a platform of “good government,” a longtime staple of Democratic Party platforms. The message played particularly well with voters after the economic policies and political corruption of the administration of President Herbert Hoover, a Republican, were widely blamed for the Great Depression. Republicans, stung by the failures of the Hoover administration, also declare their support for campaign finance reform, and the act passes with little resistance. [Campaign Finance Timeline, 1999]

Entity Tags: Franklin Delano Roosevelt, Democratic Party, Republican Party, US Congress, Herbert Hoover

Timeline Tags: Civil Liberties

Ordering 

Time period


Email Updates

Receive weekly email updates summarizing what contributors have added to the History Commons database

 
Donate

Developing and maintaining this site is very labor intensive. If you find it useful, please give us a hand and donate what you can.
Donate Now

Volunteer

If you would like to help us with this effort, please contact us. We need help with programming (Java, JDO, mysql, and xml), design, networking, and publicity. If you want to contribute information to this site, click the register link at the top of the page, and start contributing.
Contact Us

Creative Commons License Except where otherwise noted, the textual content of each timeline is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike