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.