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Word Count: 525
Franklin D Roosevelt and Herbert Hoover both used similar and different approaches in coping with the Great Depression The two main attempts to end the Great Depression were through the Reconstruction Finance Corporation RFC and the National Recovery Administration NRA Because Hoover was accustomed to rely on private measures he believed that people should raise themselves up and the government should not be involved in the depression after the depression to grow he realized that the government needed to take more direct action On the other hand FDR believed that the government should do all it could to help the little people in this Great Depression right from the start of his presidency The Reconstruction Finance Corporation was a more Conservative attempt to end the Great Depression The RFC was a trickle-down method that started began with paying back all the government debts war debts reparations then providing emergency loans to banks building and loan societies railroads and agricultural stabilization corporations The trickle-down method was the belief that if the government and big businesses were helped then eventually the benefits would trickle down to the little people This attempt was known to be the most radical innovative important step in fighting the Great Depression Hoover planned to end the Great Depression through restoring public confidence in the economic situation and urging voluntarism However that plan did not carry out so Hoover planned to restore international stability The RFC was not very involved with the little people because Hoover was a Conservative and he did not favor government spending because he was mainly concerned with maintaining a balanced budget Although Roosevelt did not have the same ideas as Hoover they both supported the RFC The National Recovery Administration drafted a set of codes for numerous industries in order to ensure fair and orderly competition between businesses The NRA was favored by FDR because it directly helped the people The NRA established fair codes
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