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Franklin Roosevelt's Impact On The Economy

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When people mention the 1920’s, you think of jazz music, alcohol, and prosperity in the economy. Then you think a little further into time and the Great Depression comes to mind. People being homeless, jobless, starving, and just barely able to hold their life together. Have you ever wondered what caused the Great Depression? Maybe too much credit? Disruption of trade? Failure of big business, leading to unemployment? Have you ever thought about how one person could handle this situation and what it would take? President Franklin Roosevelt showed courage and integrity by his disease known as polio and by being dedicated to help America. Roosevelt had a disease known as polio. This brought out the extreme amount of courage in him that he …show more content…

Once Roosevelt was elected president and was in the office he began his transformation of the federal government. Roosevelt’s philosophy was things would get better by him taking charge. This inspired his theory of the New Deal. He believed we did not need to go into war mode to recover from the Great Depression. Roosevelt reformed the Stock Market, gave aid to the unemployed, induced agricultural and industrial recovery, and helped the banking system. Roosevelt’s presidency was broken up into two sections, the first 100 days which focused on relief and the second 100 days which was focused on reform. Many programs were created to help all different aspects of the economy. These programs showed his integrity and dedication towards America. One of the first New Deal programs he created was the AAA which protected farmers from debt and from having a surplus of crops. The federal government paid farmers to not grow crops which would increase the value. Therefore farmers could then pay off any debt that they had. Another program was the NIRA. This program made wages higher, helped spur union drives, supported union drives and over all gets businesses back on track for recovery. This program leads into the Wagner Act and WPA. The Wagner Act strengthened unions and gave union’s federal government support. While the WPA put more than 3 million to work in the first year. It created public works projects which gave many unemployed people a job. Also another program that the NIRA spurred was the FLSA which set a minimum wage for workers, and regulated working conditions. One of the lasts programs that Roosevelt created was the SSA. This was the most successful one and is used currently in modern day. This program gave relief for elderly people and injured people. While working you would deposit money into the bank and over time the money would

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