he felt the county would witness a brief and limited recession and then resume its economic boom. .

             The President waged a campaign to convince businessmen to keep wages up so that consumption levels would not decline. This approach was less than successful. While businessmen maintained wage levels temporarily, they cut back on the number of their employees because of dropping consumption levels. Many people, witnessing the layoffs began hoarding money in anticipation of their own layoff, thus lowering consumption, thus demanding further layoffs. .

             Workers cut back on consumption, more workers were laid off, workers cut back further on consumption, etc., etc. President Hoover felt that while government intervention in the private sector was sometimes necessary in the modern industrial era, such intervention should be kept to an absolute minimum. President Hoover felt the key to economic recovery was restoring the confidence of the business community in the economy of the United States. .

             Hoover worked hard to achieve a balanced federal budget. This was extremely difficult given the demands placed on the government to launch various relief programs and a shrinking revenue base because of unprecedented deflation. Hoover however said: "The course of unbalanced budgets is the road to ruin". .

             President Hoover also rejected demands by Americans that the currency system be inflated. Many Americans reasoned that since the economic disease the country suffered from was unprecedented deflation (as hundreds of millions of dollars were withdrawn from circulation and investment) then the appropriate prescription was inflation. They urged the government to abandon the gold standard and flood the economy with printed currency. Hoover rejected such demands. .

             FDR:.

             FDR on the other hand came into the White House with a few differing ideas as those of Hoover"s. FDR came into office and immediately began establishing a great amount of legislation throughout his "100 days.