Franklin D Roosevelt Dbq

What was one to do if news was received that the stock market had just collapsed?What could one do if their only source of income was cut off? During the Great Depression, which followed the Roaring Twenties, many families' incomes were reduced drastically or vanished completely due to the stock market crash. The crash of the stock market created unemployment, the closing of many banks, and problems in the markets, but thankfully Franklin Delano Roosevelt was elected. Once he was elected he put forth his unprecedented ideas to not only salvage the United States of America, but to help her prosper even after he was gone.

Many would argue that President Roosevelt is not worthy of the praise that his name receives for the ending of the great

The Banking Act of 1935 regulated the nation's interest rates on loans and money supply by creating a seven member board (Danzer et al. 675).(Ask about same source different page citing) Franklin Roosevelt also helped stabilize the banks by restoring the people's hope in them. Roosevelt once broadcasted that “Hoarding was now out of style.”(??) This was to convince people to go out the following Monday and deposit their money into the banking system. On this day the amounts of withdrawals fell below that of deposits(Addis). Franklin Roosevelt also stabilized the banks by filtering out the weaker banks. Roosevelt once closed all banks for a four day period calling it a “Banking Holiday.” He subjected all banks to a test that displayed how much pressure or “stress” they could handle. He did this so the weaker banks could be found and shut down; after the bank holiday 5% of the banks never reopened. Roosevelt also created the EBRA which put limits on transactions being made in the currency of credit, gold, silver, and USD, as well as foreign exchanges (Danzer et al. 675). Another program created by President Roosevelt was the FDIC, standing for Federal Deposit Insurance Corporation. The FDIC was created to insure money put into banks with balances equal to or less than two thousand five hundred dollars; the FDIC was created to instill trust back in the banks (Addis). To

The New Deal fueled the private housing boom that came directly after WWII by having institutions like the Federal Housing Authority and the Home Owners Loan Corporation built (Koch). President Roosevelt also pushed the building of the Grand Coulee dam against the wishes of others and today that very dam can still power Seatlte twice over, making it an extremely powerful renewable resource. The TVA, Tennessee Valley Authority, built hydroelectric dams that not only provided power for an entire region which helped ultimately industrialize the area and also created jobs; dams built by the TVA provided flood control. The New Deal also made it to were children that attended public schools could qualify for free lunches.(Addis) Roosevelt focused on the depression which was the problem at hand but while doing this he also thought about he could help American in the future, he did this by building the Grand Coulee dam, creating the TVA, and making it possible for children to eat lunch free at public