Franklin D. Roosevelt: The Rise Of America During The Great Depression
“The only thing we have to fear is fear itself (History.com).” At the time of the Great Depression the people were panicked, this quote by Franklin D. Roosevelt helped to demonstrate that there was hope left after all the tragic events. Although the Great Depression was a tragic day in history, society has been benefitted by making different approaches and laws because of the mistakes that were made during the Great depression, electing Franklin D. Roosevelt to which he made new regulations, and passing the first Social Security Act by Congress.
The Great Depression was a critical event that people will remember because of its tragedy. Nearly half of the country’s banks failed by 1933, and thirteen to fifteen Americans were unemployed. “Millions …show more content…
“The consequences of the Great Crash were serious, at most two or three percent of the population owned stock, and few were so heavily invested that the crash produced bankruptcy or impoverishment (Jeffries).” The stock market crashed which put people in panic and into bankruptcy where they loss all the way from $10 to $10,000 dollars. “Meanwhile, the country’s industrial production had dropped by half. Bread lines, soup kitchens, and rising numbers of homeless people became more and more common in America’s towns and cities (History.com Staff).” Due to all the money being lost industrial production dropped by half. This hurt the government’s economic wealth even to today and with so many people without homes changed the cities and towns being messier and having that bad rep. There were plenty of down falls as well as benefits of the Great Depression that makes it tragedy we know it for today.
Passing the first Social Security Act by Congress, electing FDR in which he made new regulations, and making different approaches and laws at the conclusion of the Great Depression because of the mistakes that were made were some of the benefits that benefited modern
The Great Depression was a critical event that people will remember because of its tragedy. Nearly half of the country’s banks failed by 1933, and thirteen to fifteen Americans were unemployed. “Millions …show more content…
“The consequences of the Great Crash were serious, at most two or three percent of the population owned stock, and few were so heavily invested that the crash produced bankruptcy or impoverishment (Jeffries).” The stock market crashed which put people in panic and into bankruptcy where they loss all the way from $10 to $10,000 dollars. “Meanwhile, the country’s industrial production had dropped by half. Bread lines, soup kitchens, and rising numbers of homeless people became more and more common in America’s towns and cities (History.com Staff).” Due to all the money being lost industrial production dropped by half. This hurt the government’s economic wealth even to today and with so many people without homes changed the cities and towns being messier and having that bad rep. There were plenty of down falls as well as benefits of the Great Depression that makes it tragedy we know it for today.
Passing the first Social Security Act by Congress, electing FDR in which he made new regulations, and making different approaches and laws at the conclusion of the Great Depression because of the mistakes that were made were some of the benefits that benefited modern