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Franklin D. Roosevelt's New Deal With The Great Depression

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The Great Depression was a very hard time for our country. Once the stock market crashed everything began to go wrong after that. Many people lost their money and became bankrupt. Then this poverty made it so people couldn’t find jobs to feed their family. Unemployment became a major problem. Another problem that was happening during this time was the banking crisis. Many banks were in panic and had no money to give to many people who wanted it. Due to this many banks shut down. There were more problems involved with the great Depression as well. At this time, the current president, Herbert Hoover did barely anything to try to fix these problems. By the next election, Franklin D. Roosevelt(FDR) came in with a New Deal that would be used to …show more content…

One problem that the New Deal fixed was unemployment. Many people in every part of the country were unemployed. They had no job to be able to feed their families. Some had no place to live so they lived in Hoovervilles, places where people made shacks and homes and lived together. Many kids thought of themselves as a burden to their parents. So these kids decided to go live on the rails and fend for themselves so their parents didn’t have to struggle to feed them as well as themselves. All these problems are due to unemployment. President Roosevelt saw this problem and knew it had to fixed. He knew that to end the Great Depression the U.S. had to tackle unemployment. He set up many programs and made acts to help fix this problem.One program Franklin D. Roosevelt set up to help unemployment was the Civilian Conservation Corp(CCC). The CCC gave men jobs to work on building dams and bridges and planting trees. The CCC gave young men a dollar each day and it gave them three free meals and a place to live. Another organization made from …show more content…

Many people were not able to get there money from the banks before they all started failing. This caused many people to lose their homes and farms so they were left homeless with no home and not much food. Many banks all around the country closed causing many people from all over the country to lose their money and homes. Franklin D. Roosevelt knew this problem had to be taken care of to end the Great Depression. He found a way to to be able to fix the banking crisis. First of all FDR set up the Emergency Banking Act. This act helped banks get affairs in order. After this FDR said this to not make people panic.He said over the radio that he was going to order a national bank holiday. The holiday allowed the government to provide sound banks enough money to meet the demand. After a little while the government reopened only banks that were financially sound. At first banks were only opened in twelve cities. Then eventually Two-hundred-fifty more banks opened.The banks in smaller places would only open when the government deemed them safe, no matter how long it takes. Once the banks opened again many people were skeptical about them, but FDR reassured them that their money was safer in banks than under their mattress. FDR was a man who wasn’t only thinking about the present but about the future as well. He set up the FDIC that ensures that people will be able to get their money from the banks no matter

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611 Words | 3 Pages

First is what the Emergency Banking Relief Act. On March 9th, 1933, the United States passed this act, the Emergency Banking Relief Act, to help steady the systems of the all of the banks. Franklin D. Roosevelt had confidence in himself that he would be able to fix the banking system, so he did everything he could to fix it. The first thing that Franklin wanted was having a four-day banking holiday, and doing that would shut down the banks. Herbert Hoover

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Roosevelt had seen the public’s response and opinions to Herbert Hoover’s methods. The public blamed everything bad during the Great Depression on Hoover for example they named towns built by the homeless “hoovervilles”. Roosevelt wanted to take action. This would increase the power of the federal government more than ever and implement deficit spending like never before. His main approaches to attack the economy’s problems were through a series of programs called the New Deal.

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The collapse of economic stability in the US was caused by World War 1 and the flawed decisions of President Herbert Hoover. These components and others prompted and worsened the Great Depression. The Great Depression was a dark time of history (globally) a time of poverty, homelessness, mass unemployment, and deflation. During this time, President Hoover did virtually nothing to aid the people and let people suffer as he believed that the economy would fix itself. In this dark time, Franklin D. Roosevelt came into the presidency in 1933 and began trying to re-stabilize and stimulate the economy.

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755 Words | 4 Pages

As stocks continued to fall, the nation lost hope, businesses were failing and unemployment rose dramatically. The president at the time, Herbert Hoover, did many things to control and put an end to the great depression but was unsuccessful. And so the inauguration of Franklin D. Roosevelt felt like a miracle for the destitute americans. Franklin saw the miserable state of the U.S economy and had a plan, the New deal, This consisted of many fresh ideas to fix the problems of the Great Depression, such as the Glass Steagall Banking Reform Act which was established to properly segregate commercial banking from investment banking. This act created the federal deposit Insurance which ended a century long tradition of unstable banking that reached a crisis during the Great depression.

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He a strong public speaker eased the minds of many by stating the following: “The only thing we have to fear is fear itself.” One of Roosevelt’s first attempts at eradicating the Great Depression was closing the banks through the Emergency Banking Act. Roosevelt closed the banks in order investigate if banks were stable enough to reopen. On March 13th government approved banks opened and the crisis was over and Roosevelt was praised for the success. Other methods that Roosevelt created to alleviate the pains of the Great Depression were the Civilian Conservation Corps, the Federal Securities Act, the National Industrial Recovery Act, the Public Works Administration, and Agricultural Adjustment Act.

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The Great Depression was a time during 1929 to 1939, It was the longest lasting economic disaster. The two presidents in term during this crisis, Franklin D. Roosevelt and Herbert Hoover, approached this problem in different ways. Hoover’s idea on this was to have private citizens help each others, while Roosevelt believed the government should take care of its people with social programs. Looking at these ideas in more depth we can infer ways our country should go. Herbert Hoover served as president during 1929 to 1933.

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When The great depression struck it hit the economy and the people hard during the Great Depression, The Federal Government took a more active role in the economic, political, and social problems centering around the Great Depression and their new role also developed more effective answers than their past role in inactivity. Americans all over the world were listening to the radio and hearing the news of the crash of the stock market. The Great Depression was important to U.S history because it showed us the flaws in our financial system and now we are able to fix those errors. At first,"Herbert Hoover had bad luck to be president when the great depression hit.

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686 Words | 3 Pages

When American elected Franklin D. Roosevelt (FDR) in 1932, they were given hope by his ideas to get America out of the depression. During the Great Depression the American people faced many serious issues economically, socially, and politically. One of the biggest problems was the high unemployment rates. “Heavy industry suffered the worst unemployment…” (doc 5).

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All of these programs seemed to help and Americans were better off, but the Great Depression was over. Roosevelt continued to push for more reform, but in 1937 business slowed and another recession hit the nation. Now Roosevelt is being blamed for the nation’s problems. He was now at a

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People are desperate to be heard. Even if this meant they would have to live in military-like conditions, the men who applied did not care. The only thing they cared about was having an income and supporting their families. People desperately need a job. It had been about 4 years since the Great Depression began; people took any job that they could, and Roosevelt was supplying jobs to large groups of these desperate people.

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It started to rise as the federal spending did (document 12). People started protesting that everyone needs to wake up because they have been in 3 years of the depression and they did not think that Roosevelt was helping (Document 9). The National Youth Administration helped families incomes. The program lets kids work for pay so that all children could stay in school. Helen Farmer said that she was up all night doing homework because she had to work after school, she says it is a good program because all kids still have the chance to go to school and learn necessary skills but they can still work and get paid to help their families during the depression (Document 11).

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At first after losing a big amount of their life savings, Americans refused to invest their money in banks any longer. That is why American banks were failing to achieve their goals and a decision must be taken before the failure of other banks. The photo (1) was taken in March 1933 by Robert Jabaily in front of Federal Reserve Bank of Boston showing a crowd after the “ Bank Holiday” announced by FDR on march 6, 1933. As shown in photo (2) which is an article from the New York Times of March 6, 1933. The headline reads FDR orders a bank holiday meaning that banks will be closed, puts Embargo on gold and calls congress; people had no access to banks or to any banking services such as money depositing or money transfer.

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520 Words | 3 Pages

When Franklin D. Roosevelt was elected into office, America was in the middle of an economic collapse and banking crisis. Millions of Americans were counting on him in order to help recover the United States from the effects of the economic collapse and the following Great Depression. The root cause of the economic collapse was stemmed from the Stock Market Crash of 1929, which was caused by people and banks over investing into the stock market. Once people began realizing the issues and instability with the stock market, they began selling all of their shares which led to the crash on Black Tuesday, with over 16 million shares being sold in one day . In order to help combat the economic issues that American was facing, Roosevelt began formulating

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1605 Words | 7 Pages

The key to evaluating Roosevelt’s performance in combating the Depression is the statistical treatment of many millions of unemployed engaged in his massive workfare programs. According to cited statistics, the government hired about 60 per cent of the unemployed in public works and conservation projects that planted a billion trees and more. It also built or renovated 2,500 hospitals, 45,000 schools, 13,000 parks and playgrounds, 7,800 bridges, 700,000 miles of roads, and a thousand airfields. And it employed 50,000 teachers, rebuilt the country’s entire rural school system, and hired 3,000 writers, musicians, sculptors, and

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1772 Words | 8 Pages

He chose people from different backgrounds, so they could make true comparisons and solutions. With his office in order, F.D.R started his new deal plan, which included him passing many bills that would help the nation’s economy. Roosevelt reopened the banks and even held a “bank holiday” to end a run by depositors seeking to withdraw their money from faltering banks. On March 12, FDR went on the radio—giving the first of many "fireside chats"—to explain his plan to Americans and to assure them that their money would be safe in the re-opened banks. (Miller Center) Come 1934, Roosevelt created the Securities and Exchange Commission, which was charged with regulating financial markets.

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