The Great Depression There is a famous quote that states regarding the law of gravity that anything that goes up must come down. The 1929 economic crash, infamously known as the Great Depression, turned the American nation to chaos. In fact, in the years prior to this horrific recession, citizens feared a burst in the bubble due to the rapid pace of inflation. The United States faced a terrible economic crisis during the twentieth century; thankfully, it is due to the aggressive acts of Franklin Delana Roosevelt as opposed to the emotional ways of Herbert Hoover that the nation was able to rise up from its devastating economic state.
After World War I, the United States saw a tremendous boost to its economy and business was at an all-time
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Due to the instability of the banks, Roosevelt shut them all down until the government can get control of the situation. Shortly, within a week of requesting from Congress bank reform legislation, the banking systems with its insurance of the Federal Deposit Insurance Corporation, the FDIC, was reinstated. Another legislation the Agricultural Adjustment Act, the AAA, provides, to the present day, subsidies to farmers toward major commodities. Additionally, the National Recovery Administration, the NRA, regulates overproduction, competition and price stability. This act also established proper work hours and wages and eliminated child labor. To Roosevelt's distaste, the Federal Emergency Relief Administration, FERA, supplied government subsidies to the unemployed, in contrast to Roosevelt's belief to aid them in a dignified manner by supplying jobs; hence, he installed the Civil Works Administration to accomplish this task. After the hundred days were up with no view of an end to the depression, Congress established the Securities and Exchange Commission, the SEC, to regulate the stock market. Most of the nation viewed Roosevelt's New Deal as a heroic act which got our nation together; however, many, especially conservative Americans thought of him as an individual who was undermining capitalism. As a result, the conservative majority on the Supreme Court, ruled against the National Industry …show more content…
Although Eleanor Roosevelt attempted to help the women, the deal greatly discriminated against women. As seen in through the National Industrial Recovery Act, the positions of the women were clearly seen and the inequalities were very conspicuous. Despite it all, some women saw success especially in the area of protection for the organized labor. Additionally, the women were extremely active in participating in strikes for demands of fair working conditions. Yet, despite it all, women were greatly discriminated against in the New Deal program. Through it all, Eleanor Roosevelt continuously labored to prove women's equality as a part of the New Deal's plan to bring about social change. Importantly, lady Roosevelt's friendship with Mary McLeod Bethune, an educator who headed the National Youth Association, the Black Cabinet, expressed her deep desire to help the black women. Significantly, her acts were evident when she publicly resigned from the Daughters of the American Revolution in 1939 when the group refused to allow Marian Anderson, a black opera singer, to perform at Constitutional Hall. Furthermore, Mrs. Roosevelt worked loyally aside Molly Dewson to increase women's positions in government and allow them to voice their innovations in the cabinet. Famously, Frances Perkins became the first cabinet member to Hallie Flanagan. Soon thereafter, Democratic leaders converged to compile a list of competent