The Great Depression made financing the Golden Gate Bridge difficult. After Pres. Herbert Hooverβs administration rejected a request for federal funding, local voters approved a $35 million bond issue in 1930. However, the economic crisis made investors hesitant to purchase the bonds. Amadeo P. Giannini, founder of the Bank of America, helped solve the problem when the bank agreed to buy them, allowing construction to begin in January 1933.
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