The Great Depression was due to the collapse of the stock market and the fear of risking what was left and decided to suspend all economic activity. Throughout this period, we have elected two presidents, Herbert Hoover and Franklin D. Roosevelt. Throughout the Depression, Roosevelt had more effective policies than Hoover. President Hoover was a member of the Republican Party. He took office in 1929 when the American economy was at its peak, and when he left it was at its lowest point in the 20th century. The Great Depression occurred and he took action by calling a White House conference of business and labor leaders and recommended that they join the voluntary recovery plan, meaning that the businesses would stay the same and all workers would still have a job. Additionally, the work would maintain the same wages, hours and conditions. But after a few months, the plan did not work and the demand for products began to decrease, which forced them to reduce production, salaries and lay off part of the workers, thus causing the decline of the economy . 1929 which created the Farm Board, which used $500 million to purchase agricultural surpluses in hopes of raising prices but it had the opposite effect and prices fell. In 1930, the Hawley-Smoot Tariff established the highest rates in history. Congress also approved $420 million for public works projects to give work to the unemployed.2 The economy depleted during the years that Hoover was in office. Taxes have not ended the suffering of farmers as foreign countries have increased their tariffs. In 1932, Hoover created the Reconstruction Finance Corporation, a federal agency allowing banks and businesses in danger to borrow... middle of paper ...... the Reconstruction Finance Corporation because the nation's banking system was on the verge of collapse. Congress passed the Glass-Steagall Banking Act, guaranteeing bank customers that the federal government would refund their deposits if their bank failed. On March 12, Roosevelt broadcast a broadcast that was also the first in a series of fireside chats, speaking in a friendly, unofficial manner, and explaining that people would be better off keeping their money in the bank instead than to keep it with them in their house. houses. After a few fireside chats, people started to believe it and most major banks reopened their doors. The Great Depression lasted a period in which America elected two different presidents, Herbert Hoover and Franklin D. Roosevelt. Both had policies that they used to contribute to the collapse of the economy, but Roosevelt's were more effective..