Herbert Hoover Believed the government should not be involved in the economy Efforts to fix the Depression – Hoover Dam – Federal Home Loan Bank Act (lowered.

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Presentation transcript:

Herbert Hoover Believed the government should not be involved in the economy Efforts to fix the Depression – Hoover Dam – Federal Home Loan Bank Act (lowered mortgage rates) – Reconstruction Finance Corporation

Franklin D. Roosevelt Believed the government should help fix the economy Create a “New Deal” for Americans Held “fireside chats” with the American people to reassure them.

New Deal Programs Expectation that government should step in during economic crises or when the people are suffering FDIC – Federal Deposit Insurance Corporation SSA – Social Security Administration – retirement savings TVA – Tennessee Valley Authority – brings electrical power to poverty-stricken rural areas of Tennessee, Mississippi, Alabama and other states; also provided jobs to the area.