would have to pay interest on the loans. Hoover was a man set on his ways and helped very little with the Depression. In Roosevelts inaugural address he declared war on the Depression and asks for an expansion on his powers. When Roosevelt took over the office he summoned Congress to work out his recovery plan. This is a period called the First Hundred Days and contained a program called the First new Deal. Roosevelt started by putting poorly managed banks under control of the Treasury Department and set standards required for someone to start up a bank. This helped people to trust the banking system and caused people to put money into the banking system. Roosevelt also created the FDIC, which guaranteed bank deposits. Roosevelt later started many agencies known as the alphabet agencies. Some of which are the AAA, NIRA, PWA, CCC, TVA, SEC. All of the agencies were created to provide government jobs or help out the situation of the low prices of farm product. Roosevelt believed in the idea of experimentation. He thought that the government should always be doing something, and if an idea doesnt work than it should be replaced with something else. Roosevelt was able to get the American people on his side by informing them what was going on and what he was planing to do this through his fireside chats. Every few months Roosevelt would discuss his future plans on how he was attempting to win the war against the Great Depression. Though Roosevelt was able to provide more job and got the banks up an running again he really had little lasting effect on the fight against the depression. Hoover and Roosevelt had very different policies. Roosevelt didnt let the government sit around. He made sure that there were government programs up and running. If he was dissatisfied with the programs progress he would simply dismiss the program and start a different program in it place. Hoover on the other hand wanted to wait and think. H...
