How did President Herbert Hoover react to the depression?

"President Herbert Hoover did not know how to meet this crisis. His government began buying farm surpluses in order to prop up prices but it did not buy enough to make a difference. The Farm Board loaned money to farmers to establish cooperatives (a socialist measure) but the millions of farmers tered across millions of miles had difficulty in cooperating. Farm income went from $8 billion in 1929 to $3 billion in 1993, a decline of 62.5%."