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Letters During The Great Depression

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Dear friend I am happy to finally be writing to you as I am sure you have heard; my country is coming out of a great financial depression. The depression still looms as our economy is not yet stable, but we hope it never gets as bad as it was. Even before the depression officially started, farmers were struggling with less demand for their products and soil exhaustion. It must have been even worse for them during this economic struggle. Just before the depression, I read how people were not buying goods at the rate they used to, like automobiles. Everyone who wanted an automobile and had the means to afford one had already bought one! The decrease in sales caused many shops to decide to cut costs on their goods, causing them to have to let go of employees, and then have to drop prices even more. This trend exponentially sped up the economic decline because fewer people had jobs and the money to buy goods. The stock market …show more content…

Herbert Hoover, who was the president during the start of the Depression, thought that the economy would bounce back soon and recover quickly. Once he realized that there was a major problem with our country, he tried some very ineffective ways to fix our economy. At first, Hoover encouraged volunteerism, where he asked people to maintain their investments and he encouraged states to create charities. Hoover claimed that if he used the government's power to help the people it would destroy their work ethic and he continuously resisted taking direct action even as the economy spiraled and many others begged him to reconsider his approach. Franklin Roosevelt became our next president after Hoover, as he won with a very decisive victory. Roosevelt took direct action in fixing our economy as he proposed higher wages, and new job programs, and created the New Deal. Roosevelt took action to fix our nation by making real changes and helping those in

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This page from Ivestopedia says, “the economy stumbled due to excess production in many industries, creating an oversupply. Essentially, companies could acquire money cheaply due to high share prices and invest in their own production with the requisite optimism.” Also, the same site says, “Companies were forced to dump their products at a loss, and share prices began to falter.” These two quotes explain that the businesses had an overproduction and invested in their own company with optimism that things would be sold. However, companies had to throw away their products for a loss of money, and the stock prices dropped as a result.

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President Franklin Delano Roosevelt’s approach to mend the Great Depression was more effective than that of the previous president, Herbert Hoover. Hoover and Roosevelt had contrasting ideas on how the Depression should be handled. Hoover was a republican businessman, who was brought up in a poor family and had worked his way to become financially affluent, while Roosevelt was a Democrat who came from a rich background. When the depression struck, Hoover was unable to provide suitable economical, political and social assistance to those Americans who desperately needed it most; this eventually resulted in the elimination of his presidency. Despite his affluent background, Roosevelt’s past struggles led him to develop compassion and earnest

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Herbert Hoover was our 31st president of the United States of America. He became president right at the start of the great depression. Herbert Hoover had to figure out how to get america back onto its feet again. Herbert Hoover changed how he was going to fight the war against The Great Depression. He called for more Federal Assistance stating that's what they did to win the war and it was what they will do to win the war against the Depression.

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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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740 Words | 3 Pages

Roosevelt's first plan of action for the new deal was to provide relief to those living in poverty (the vast majority of the population at the time). To spread the message, FDR held 27 “Fireside Chats” from 1933-1944 establishing a plan for the future of America and the economy (Source 1). FDR's first major initiative was to establish the Federal Emergency Administration Act (FERA), FERA distributed over $3.1 billion dollars, and over 20 million jobs were created (Source 3). FDR also created government programs (such as the AAA, CCC, CWA, and PWA) that both regulated the US and provided jobs for those in need. He also passed The National Industrial Recovery Act that gave states money to create more jobs and formed the National Recovery Administration to regulate and establish fair practice codes for industries.

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 Hoover is often blamed for not doing anything to end the Great Depression, but he actually did try to use the government to create infrastructure projects, thus creating jobs. Like the Hoover Dam and the Reconstruction Finance Corporation to try to end the Depression. There are two major differences between their approaches.  One is that President Roosevelt was willing to do more than President Hoover to combat the Great Depression.  Roosevelt was willing to let the government become more involved in the economy.

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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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The Great Depression was a time of strife and hardship for the American people and as expected, a remedy was called for. Hoover and Roosevelt were the two presidents at the time of this crisis and their philosophies for improvement, while sharing some similarities, had two very different stances. Hoover’s belief was held in the people and he thought that with the right motivation the country’s problems would be solved through one another. Roosevelt however thought that help laid within the federal government. He believed that America had a strong government exactly for the purpose of helping the people.

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Franklin D. Roosevelt, a champion in his own ways, was a great person who shaped America throughout the depression into what we now call home. Roosevelt changed America by declaring war on the depression because of the following:he is offering more jobs to the people who have none, he wants to help America, and he let them know that happiness doesn't lie in the possession of money. Roosevelt was a leader America had needed at the time and for years to come, but he couldn’t fix it all by himself; he needed the help of America’s homeowners and wealth distributors just as much as he needed the haggler’s. Roosevelt noted the job decrease in america and led a campaign to fix it.

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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.

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270 Words | 2 Pages

Roosevelt was the president after Hoover, he served from 1933 to 1945. He thought it was best to have the government take care of the people in this crisis with social programs. “ Instinctively we recognized a deeper need-the need to find through government the instrument of our united purpose.” Hoover's idea did not work he thought more people would try to help out however they did not.

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797 Words | 4 Pages

The Great Depression. During the Great Depression President Roosevelt tried many remedies to stop the depression from getting worse. He introduced many Acts to help. When Roosevelt was elected as president he made Americans a promise to help them get back on their feet (Florida Center for Instructional Technology).

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1101 Words | 5 Pages

In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time.

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1645 Words | 7 Pages

President Herbert Hoover made efforts to try to fix the great depression. Many people disliked him as a president and complained he didn’t even care. However he at least tired to help people recover from the great depression. Some policies he created were the Hoover Moratorium, the Federal Home Loan Bank Act of 1932, and the Great New Deal. Hoover created the Hoover Moratorium to end the war debts however it didn’t help with the economic crisis.

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726 Words | 3 Pages

In 1929, the U.S. was hit with the worst economic crisis in the history of the country, the Great Depression. The Great Depression left millions of people unemployed and cost millions their life's savings. The Depression lasted for ten long years for the American people. Since the Great Depression ended, people have studied it, trying to figure out what happened that started it all. The problem was, in fact, the poor economic habits of the people at the time, such as speculation, income maldistribution, and overproduction.

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