Preview

Roosevelt's Response To The Great Depression

Good Essays
Open Document
Open Document
694 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Roosevelt's Response To The Great Depression
With the crumbling of economy as well as declining wages, the American people were slowly being unemployed. To solve this problem, Americans from all political sides were demanding that President Roosevelt, who just got into office, took immediate action in order to solve this Problem before it became any worse, Roosevelt calmly responded with a series of new programs with which Congress granted and passed without hesitation. Ever since then, almost all presidents have been judged against Roosevelt for what they accomplished in their first 100 days to see if they could do better than Roosevelt did during the great depression. However, the economy in America had hit almost rock bottom in back then, but as the years past, bit by bit, the economy slowly rose to the point of being able to expand once more. However, because of the the Federal Reserve Index sank …show more content…
As this progressed, it generated a downhill path of destruction as more people withdrew their deposits, increasing the likelihood of default, much of the Great Depression's economic damage was caused directly by bank runs. Roosevelt then decided to resolve this, he had to speak to the people, through a radio address to the entire nation, he explained about the causes of the banking crisis in his Fireside Chat to help put the public at ease. He then also explained what the government was going to do to handle this crisis, as well as how the population could help in restoring of the banks. Afterward, Roosevelt closed every bank in the country until he found a way to pass a new legislation that would help, and then came the Gold

You May Also Find These Documents Helpful

  • Powerful Essays

    The Great Depression of the 1930’s was the worst economic period in the history of the United States. Taking over the presidency in 1932, three years after the Depression began, Franklin Delano Roosevelt became responsible for leading America’s quest to escape the Depression. Roosevelt passed the New Deal in an attempt to help the nation recover through a series of initiatives focused on economic recovery. While most people would agree that the New Deal had a definite impact on the United States throughout the early-1930’s, there are some critics that think that the New Deal prolonged the Great Depression. These critics believe that different initiatives could have returned the United States to prosperity much sooner, and that the Depression would’ve continued much longer if not for the start of World War II.…

    • 1990 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    President Herbert Hoover was the president during the Great Depression. Many people blamed Hoover for the Great Depression and they wanted him out of office. President Hoover came into presidency with a set of beliefs, he knew just how he would run the country. Hoovers plans were upset by the massive stock market collapse. In response to the crisis Hoover drew on his experience and the beliefs that had guided him. The public was growing more dissatisfied with Hoover's policies. By the 1932 Presidential election it was almost certain that voters would reject Hoover at the polls. In 1932 Franklin D Roosevelt was one of several candidates seeking democratic presidential nomination. Some critics called him an amiable man without very strong…

    • 122 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Could whites and Indians have lived peaceably in the trans-Mississippi West? I do not think that the whites and Indians could have lived peacefully in the trans-Mississippi West. I believe this is because of the ways the Indians were living and hunting. Also with how the whites were not concerned with their customs and only had a one track mind on what they wanted of their land. The government “attempted” to keep peace by pressuring the Indians into treaties that were only broken and then new ones would be made. The government was not looking out for the tribes best interest either because they forced more restrictive agreements on the Indians which led to a war in the west between the whites and Indians. Looking back on the history, I think it was going to be the inevitable outcome of the situation. Even when some of the tribes would hold the American flag up to show friendship and white ones for truce, they were massacred and scalped of all types such as mothers, children and even babies by the whites. However the liquor and disease killed more Indians than combat did. Indian hunters themselves nearly wiped the plains clean by 1883 which weakened Indian resistance from working for commercial companies. Mines, crops and grazing herds and fences disturbed hunting and farming lands of many traditional tribes. Another treaty of 1868 was made but broken by Custer who was later killed by the Indians and nearly 250 soldiers in the summer of 1876. Congress adopted the Dawes Severalty Act in 1887 to end reservation goals but to have Indians join whites as farmers and small property owners of their land into the marketplace. That didn’t help though because Indians didn’t want to give up their tribal ways and also had no experience farming, managing money and other white ways. By 1890, the Indians had to adapt to life within the boundaries set by white culture despite their efforts at resistance. So the way I see it is there would not have been a peaceful way to live…

    • 983 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Many differ over whether Roosevelt’s programs were economically prosperous. However, there is an agreement that they were generally effective in terms of enhancing the morale of the American people. Many historians say that FDR’s New Deal programs brought America’s economy back from the remoteness of the Depression. I think that the New Deal provided further jobs to more people as well as supplying relief funds to people who could not find work. By doing these things, the New Deal expanded the quantity of money that Americans had to spend. When Americans had more money to spend, there was more demand for services and goods, therefore, more people had to be hired to meet that demand. However, there are some who say that the New Deal really didn’t as much as it…

    • 321 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In the 1930s, times were tough, due to the Great Depression. During the Great Depression, there was not a real plan to help people out. Until Franklin Roosevelt came up with an idea to help people get through the Great Depression. When the people voted him for president, they believed that he would change society for the better. When he became president, to the people’s surprise, Franklin Roosevelt did not do what he said he would do to help the people. Franklin Roosevelt’s plan was criticized for being too vague and for not getting rid of the businessmen from the government, also the plan was completely opposed for not doing its part and for taking control of the whole government.…

    • 974 Words
    • 4 Pages
    Good Essays
  • Good Essays

    When Franklin D. Roosevelt delivered his First Inaugural Address, the United States was middle of the Great Depression. The economy was at rock bottom. In his first Inaugural Address, Roosevelt vowed to help the nation recover from the Great Depression. He wanted to stabilize and direct the American economy (American Yawp). He says that the greatest task is to “put people to work”, to fix the overbalance of population in the industrial centers by, “engaging on a national scale in a redistribution, endeavor to provide a better use of the land for those best fitted for the land. The task can be helped by definite efforts to raise the values of agricultural…

    • 679 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The New Deal: DBQ

    • 1337 Words
    • 6 Pages

    In 1929, the United States Stock Market crashed, heralding the tumble into world-wide depression. President Hoover tried to pacify the people by telling them it was temporary and would pass over. But a new figure rose out of the people, promising he would do anything and everything he could to restore their lives. In 1932, Franklin D. Roosevelt was elected to the presidency, and his new policies would soon sweep over the country. Roosevelt's responses to the problems of the Great Depression were successful in strengthening the power of the federal government and instilling hope in the public, yet were unsuccessful in that they did not help him achieve his intended goal: the restoration of the economy. His responses were, however, radical in the way they made use of the power of the federal government.…

    • 1337 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    The stock market crash of 1929 marked a new era for the United States. The roaring twenties came to a screeching halt and many Americans faced absolute poverty in a country which was a beacon for hope, liberty, and wealth. Little was being done about this issue, especially by Herbert Hoover, the current president, whose "hands -off" approach to government did little to fix the dire situation Americans found themselves in. Though many Americans were deep into poverty, they still turned out to the polls and Franklin Roosevelt was elected president in 1932. The New Deal was a strategy of Roosevelt's to handle the problems of the depression, as he said in his own words, "Nor need we shrink from honestly facing conditions in our country today. This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself...".# His strategy included relief for unemployed and poor Americans, economic recovery, and reform of the financial system.…

    • 1189 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The prosperity of the roaring 1920s left Americans unprepared for the economic depression they would be facing in the 1930s. On October 29th, 1929 (Black Tuesday), the stock market crashed, and President Hoover was expected to lift the nation back onto its feet. However, like many previous presidents, Hoover maintained the government’s laissez-faire attitude in the economy. Soon after, the election of FDR and his many “alphabet soup” programs in his first 100 days addressed the nation’s call for help. Although Roosevelt’s administration was not very effective in curtailing the Great Depression, it left a lasting legacy in the role of the federal government by creating lasting programs, satisfying many of the needs of the citizens, and increasing the federal government’s power.…

    • 487 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Fdr vs. Hitler

    • 568 Words
    • 3 Pages

    Franklin Roosevelt became President of the United States in 1933, the nation was in the depths of the worst depression it had ever experienced. President Roosevelt, a very energetic and enthusiastic person, inspired the people with his own confidence and faith in the future. He gathered a group of people sharing his views to help him, and provided food, clothing, and shelter for millions of unemployed and poverty-stricken Americans. This was part of what he called the New Deal, of which his three objectives were relief, recovery, and reform for American citizens. In another attempt at recovery, Congress attempted to revive the nation's agriculture and industry and place the economy on a solid foundation. They printed extra money to loan to industries that quickly paid it back. By 1933 nearly 14 million Americans were jobless. In response, the Roosevelt administration immediately launched what seemed at the time to be a wonderful program of direct relief.…

    • 568 Words
    • 3 Pages
    Good Essays
  • Good Essays

    For the first time in peacetime history, the federal government assumed responsibility for managing the economy. Although it may not have seemed like the New Deal did much at the time, looking back at it now, we see that it had many effects on the economy. The New Deal created millions of jobs. This is proven because the unemployment rate feel rapidly from 25% in 1933 to 14.3% in 1937. That means that almost half of the previously unemployed regained jobs within four years. However, when the government spending was cut back and the Federal Reserve tightened monetary policy, the unemployment rate fell back to 19% again, which means that if it had continued without the policies being changed, the unemployment rate probably would have continued to fall. Also, from 1933 to the end of FDR’s first term in 1937, the nation’s GDP rose by 9% a year. The capital investment also rose from…

    • 751 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Franklin Delano Roosevelt, commonly known as FDR, was an American political leader who served as the President of the United States from 1933 to 1945. During His 12-year Presidency, FDR had accomplished many things, he invented the New Deal. The New Deal was a series of programs that were a response to the Great Depression. The programs focused on Relief, Recovery, and Reform: relief is to help the unemployed and poor, recovery is to bring back the economy to normal levels, and reform is for the financial system to prevent a repeat depression.Even though the New Deal started in 1933, some New Deal programs still remain active today. Some of which are still operating under the original names, including the Federal Deposit Insurance Corporation…

    • 157 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Great Depression DBQ

    • 580 Words
    • 3 Pages

    When the Great Depression began in 1932, 13 million people were jobless and by 1933 28 states had no banks. It all started when a newspaper article said that the U.S. Bank was unstable, which caused people to go and withdraw their money from the banks. This made panic erupt and more people withdraw their money and eventually the banks ran out of money and collapsed. 2 million men and 200,000 children roamed the country or families lived in poor scrap neighborhoods called Hoovervilles, named after the president the people believed caused the depression, Herbert Hoover. Once Franklin D. Roosevelt was elected for president, he declared he was going to fix the problems that the Great Depression caused.…

    • 580 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Eight years of Roosevelt trying to boost the economy bringing it out of The Great Depression. First, President Roosevelt approached the problem…

    • 464 Words
    • 2 Pages
    Good Essays
  • Good Essays

    All of this led to the dollar losing all values and banks unable to give people their saving. Roosevelt had addressed all these issues with a famous quote saying ,(”The only thing we have to fear is fear itself.”) Then stated his plan to fix the Great Depression called The New Deal. Roosevelt’s New Deal was set underway the day after, with a emergency banking act, this act would allow banks to close for four days so they could restructure themselves and the ones that couldn’t had closed.…

    • 600 Words
    • 3 Pages
    Good Essays