The federal government would run additional policy changes such as the Check tax, monetary restrictions (including reduction of the money supply by burning), High Wage Policy, and the New Deal through the Hoover and Roosevelt administration.
Within the New Deal, new laws regulated the stock market and protected bank deposits, government programs created jobs and helped farmers, and a new Social Security system was provided the elderly with pensions and other benefits.
The U.S. government's response to the Great Depression began with a new president. In 1933, replacing President Herbert Hoover was President Franklin D. Roosevelt. The majority of American citizens felt that President Franklin D. Roosevelt would be more capable of pulling the United States out of the Great Depression.
