Andrew Mellon was a significant figure during the 1920's because of the work that he did to better the situation the country was in. The way he did this was by discovering that cutting taxes especially on the rich people not only sparked a great economic growth but also increase the revenue in the national treasury as well. That discovery by itself was so profound that few politicians or reporters know that it even exist. Andrew Mellon, from his great investment form aluminum and corner gas stations knew that capital fled from taxes and was what kept the nation up. As a result, he wanted to take away the top tax rates to 25%. Basically what he was saying is that if they are able to cut tax rates, entrepreneurs will take their capitals and invest in American Industry and be able to create jobs. That is the reason why he is so important for this time frame because he was able to take a discovery that he encountered and took it and helped better the country.
President Franklin d roosevelt
The 32nd President of the United States Mr. Franklin Roosevelt played a very important part in the Great Depression and helping people in the ways he thought was best. He was able to create the New Deal that incorporated more watered-down elements of the more radical political ideas that become famous during the Great Depression. Roosevelt was able to use the New Deal as a way to reverse the effects of the Depression and help America to get back on their feet.
Herbert Hoover
Herbert Hoover was the 31st President and had come into the country when the Great Depression was in its early stages. He felt that the best way to deal with the issue is to try to keep the Federal budget balanced, cut taxes, and expand public works spending. He believed that the people that were hungry and cold should be getting help from the local and voluntary responsibility. His opponents in Congress felt that he was using his program or his own political gain and felt that he was a cruel and callous President.