SPEED:
If you run RAID 0, then you make them 2 drives into one large drive.
But, the RAID configuration stores a bit on this drive, then a bit on that drive and then a bit on that drive and then a bit on this drive ....
So, when you write the data to the drive, the write is faster, cos 2 different devices are writing, and when you read, it's faster, cos 2 different devices are reading at the same time.
REDUNDANCY AND READ SPEED:
When you run RAID 1, you're mirroring everything, so, if one drive crashes, then WOOT, everythings on the other drive. And, as an added bonus, when you read, the controller reads parts form that drive, and parts from that drive, so reading is faster.
It gets more complicated.