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How To Prevent The Great Depression Essay

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How To Prevent The Great Depression Essay
The Great depression started in 1929 and ended in 1939.The Great Depression was the longest lasting economic downturn in the history of the western industrialized world. It all started just after the stock market crashed in October 1929. The crash wiped out many people’s investment. When bank failures erased the savings of those who weren’t even invested in the stock market. Even though it all failed I would have still been saved or prevented with better regulations. There were more than 13 through 15 million people unemployed, which makes it more than 20 percent of U.S population. The Great Depression started in the U.S and quickly dispersed worldwide. During the Great Depression Herbert Hoover was president and then the economic distress led to the election of the Democrat Franklin D. Roosevelt to the presidency
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He provide jobs and relief to those who were suffering.” In his acceptance speech, Roosevelt addressed the problems of the depression by telling the American people that, "I pledge you, I pledge myself, to a new deal for the American people.” The first day in office Roosevelt saw the passage of banking reform laws, emergency relief programs, work relief programs, and agricultural programs. The new deal helped improve lives of the people suffering from the great depression.
Expanded Role of Government
FDR’s new deal increased the role of government in people’s lives to unprecedented levels.” The New Deal programs were a series of domestic programs such as the Federal Emergency Relief Administration, which provided $500 million for state and city relief operations, and the Civil Works Administration, which provided localities funds to operate "make-work" jobs, jobs created to give men something to do so they could receive pay; these jobs did not profit the localities.”
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