Responses

Herbert Hoover was president of the United States from 1929-1933 and responded to the Great Depression with great care and tried to get the USA out of the economic down turn. Because of the failure of banks and the economy, his main goal was to restore confidence in them and he did this by authorizing loans to farmers with the Agricultural Marketing Act (1929) and businessmen to help prevent them from going bankrupt. Even though these loans were meant to be paid back, they scarcely were. This act, however, failed to stop the steady decline in crop prices.
Hoover also responded to the Great Depression with the Smoot-Hawley Tariff of 1930 which failed. This act placed high taxes on imported goods which stunted trade between America and foreign countries. Because the situation with the economy continued to deteriorate, the US congress passed the Emergency Relief and Reconstruction Act which Hoover strongly disagreed with and tried to slow. In the end, Hoover lost favor with the American people and Franklin Roosevelt became the new president.





Sources:
http://farmers.uslegal.com/federal-grain-inspection/agricultural-marketing-act/
http://tomjacobsen.tripod.com/MyLectures/lecture20depression.htm