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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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President Roosevelt was responsible for the New Deal Program. The New Deal was made out of many programs to give relief, recovery, and reform to the people of the United States. Included in Document 1--Some New Deals Programs were the Civilian Conservation Corps (CCC) which provided relief by creating jobs for young men around America. These men had the opportunity to work in forests, construction sites, and conservation. Another one of the programs that was very beneficial was the Federal Deposit Insurance Corporation (FDIC), which guaranteed safety for savings accounts.

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Roosevelt had become president right after Herbert Hoover in 1933. FDR’s opinions on what can help the great depression was the opposite of Hoover. Unlike Hoover's opinion on no federal intervention, FDR believed that the federal government should butt in. His opinion on the support that can be given is direct government support. He believed that the things that cannot be done by the people, can be done by the government such as supplying jobs.

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When Franklin D. Roosevelt became president he had to help the country through the Great Depression. America had just finished a World War involving many countries, and during this time of war there were many opportunities for jobs. However, at the end of the war there was no longer a need for jobs to create weapons and many women were left without jobs. Many countries were going through depressions as would the U.S. Franklin D. Roosevelt’s response to the Great Depression was very effective, he helped build the suffering economy, created housing, and create jobs all which greatly increased the government’s involvement in many areas. During the Great Depression, Roosevelt focused on building the economy, however with a high rate of unemployment it would be a challenge.

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The wealth during the 1920s left Americans unprepared for the economic depression they would face in the 1930s. The Great Depression occurred because of overproduction by farmers and factories, consumption of goods decreased, uneven distribution of wealth, and overexpansion of credit. Hoover was president when the depression first began, and he maintained the government’s laissez-faire attitude in the economy. However, after the election of FDR in 1932, his many alphabet soup programs in his first one hundred days in office addressed the nation’s need for change.

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Roosevelt changed the national economy, and the government’s role in the economy in colossal ways. He made it so that the federal government in America had a vastly greater control over the economy than in previous years. This is

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