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Herbert Hoover President when the Depression began, he followed the general belief that the best course of action was to do nothing at all as far as the economy was concerned. By the time he began to get the government actively involved, it was too late. Stigma A mark or indication of disgrace-"Stigma of poverty" Boulder Dam One of the world's largest construction projects, it was one of the major civil works projects of the Hoover administration Federal Home Loan Bank Act 1932 act that lowered mortgage rates and allowed farmers to refinance their loans Reconstruction Finance Corporation 1932 law that approved 2 billion dollars for the emergency financing for banks, insurance companies, railroads and other large companies Bonus Army WWI veterans who marched on the Washington D.C. to demand their promised WWI bonuses be paid early to help them to survive the Depression. Hoover refused and eventually called on the army, led by Geneal Douglas MacArthur to remove the veterans