In many ways the stimulus program resembled the [[Reconstruction Finance Corporation]] set up by [[Herbert Hoover]] and Congress in 1932 to deal with the [[Great Depression]]. Both were very large programs created to reverse a downward economic spiral by making loans to major financial corporations and other key sectors, as well as grants to cities and states, all designed to stimulate public spending to replace the freeze on spending and loaning by consumers and businesses. | In many ways the stimulus program resembled the [[Reconstruction Finance Corporation]] set up by [[Herbert Hoover]] and Congress in 1932 to deal with the [[Great Depression]]. Both were very large programs created to reverse a downward economic spiral by making loans to major financial corporations and other key sectors, as well as grants to cities and states, all designed to stimulate public spending to replace the freeze on spending and loaning by consumers and businesses. |