The Great Depression was the worst crisis ever to happen to America’s economy. It left nearly 13 million people unemployed, shut down major bank systems, and left most of the country in financial ruin. FDR’s “New Deal” plan was created to fight the Depression by creating jobs, taking the U.S off the gold standard, putting banks under federal control, and to fix the American economy. FDR’s New Deal both positively and negatively affected the United States, and was a major part of the 20th Century, with created programs still active today. The New Deal was part of President Franklin Delano Roosevelt’s plan to end the Depression he promised to fight During the summer of 1929, the U.S economy began to recede. This was normal, as consumers spent …show more content…
Companies cut production and began firing workers, wages collapsed. Many Americans fell into a debt that lasted for decades, and many of their possessions were repossessed or foreclosed (History 2). Since the United States and the rest of the world’s economy was fixed on the gold standard, the Great Depression spread around the world. The world was set in panic, even though President Hoover and other leaders assured that the economic failure would correct itself in time. In the next few years, unemployment rates were sky high, and soon breadlines and ghettos began to appear through major cities (History …show more content…
It is said to set the tone for the entire presidency, including what the president will accomplish. During his campaign, Franklin Roosevelt promised to end the Depression and set the American economy right. After his inauguration, Roosevelt got to work. He first began to work on his relationship with Americans, by giving one of the most renowned speeches ever given, his inaugural address, telling the nation that “All you have to fear is fear itself” (FDR 1). This relationship is key to the New Deal, as it strengthens trust in the government, and helps prevent chaos and revolt against the government in the worst of the Depression (Brinkley 4). One of his best national relationship attributes is his “fireside chats”, where he would inform the nation what the government was doing, and what the state of the Union was (Brinkley