During the early1920s, the United States saw the great increase in prosperity. By the late 20s, however this economic boom was completely diminished, and replaced with the worst depression our country had ever seen. Herbert Hoover would be seen to be somewhat conservative in how he handles this depression. Franklin Delano Roosevelt would prove to be a man who favored government involvement in the economy.

Just one year after Herbert Hoover was elected president, the depression hit. Feeling that support for the depression should come from state or local governments, He was slow to react. Also, in the past the minor depressions or `Panics' eventually dissipated as the economy stabilized. When the economy did not stabilize, he set up a couple of reforms which did too little, and were too late in nature. He set up the Hawley-Smoot Tariff, which made tariff rates to be the highest...