Hoover responded to the economic crisis with a goal of
getting people back to work rather than directly granting relief. In October
1930, he established the President's Emergency Committee for Employment to
offer employment. As the Great Depression deteriorated, Hoover tried new ideas
to stimulate the economy including the he Reconstruction
Finance Corporation (RFC) (1932) provided credit to railroads, banks, and
other financial institutions and the Glass-Steagall
Act (1932) which made access to commercial credit easier.
