How Roosevelt and His New Deal Prolonged the Great Depression

Topics: Franklin D. Roosevelt, New Deal, Great Depression Pages: 5 (1579 words) Published: January 24, 2013
Franklin Delano Roosevelt was the 32nd president of the United States of America. His tenure ran from 1933 to 1945. Franklin Roosevelt was born in 1882 at Hyde Park, New York City. He attended the prestigious Harvard University before proceeding to Columbia Law School. President Franklin got married to Eleanor Roosevelt in 1905. Franklin Roosevelt entered into public service through politics as a member of the Democrat Party. In 1910, Franklin Roosevelt won the senate seat and become the senator of New York. A few years after the elections, Franklin was appointed assistant secretary of the navy by President Woodrow Wilson. In 1920, he was nominated by the democrats for to be there vice president. In 1932, Franklin Roosevelt was elected president of the United States of America. Heale states that the Americans were not happy with the failures of President Hoover. President Hoover failed to intervene and help save the American economy from the depression. The American citizens were thus ready for change (2007). Since they view Franklin Roosevelt as the most suitable candidate with the qualities that they desired, they voted him into presidency. His incredible and marvelous works as a governor made him the best choice for Democrats presidential candidate. By March 1933, America was hit by the worst economic depression. More than thirteen million were rendered jobless and nearly all businesses and commercial banks closed their operations. On observing this, President Franklin Roosevelt formulated the 100 Days Program which was intended to bring back the once glorious American economy back to normal. His proposal, The New Deal, which was also enacted by the US Congress as well, was meant to revive the major economic sectors of United States, especially the manufacturing, business and agricultural industries. The great depression hit America immediately after the crash of the Wall Street in October 1929. As a governor of New York, Franklin made strenuous efforts to help those who were unemployed. According to Leuchtenburg, President Franklin believed that the great depression resulted from low production in the agricultural and industrial sectors, unequal distribution of wealth, malpractices in the financial sector as well as international economic situations (2004). The New Deal proposal was to bring relief to unemployment. It was designed to help those who risked losing their homes and farm plantations. The New Deal was to bring new reforms, for example, through establishment of the Tennessee Valley Authority. By mid 1935, US had achieved considerable amount of economic recovery from the depression. Hoverer, more and more businessmen and bankers were turning against Franklin’s New Deal program. According to Norton and others, the bankers and businessmen feared President Franklin’s political and economic experiments (Norton et al., 2011). In the reforms programs, President Franklin proposed that the Federal Government was to provide adequate social security to its citizens. The wealthy people were to be taxed heavily. Banks and other public utilities were to be put under new controls by the federal government. He further proposed enormous work reliefs for the unemployed. After his re-election in 1936, President Franklin formulated constitution laws that enabled the federal government to legally regulate the economy. In his New Deal proposal, Franklin Roosevelt sought through neutrality legislations that would keep United States of America out of war with Europe. However, when the Pearl Harbor was attacked by Japanese in 1941, President Franklin redirected all the resources of the nation towards global war with Japan, during the Second World War. During his presidency, America was hit by the worst economic depression ever seen in its history. According to Leuchtenburg, Franklin helped Americans regain hope and faith in themselves during the great depression (20004). Description of the New Deal

According to Heale,...
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