ipl-logo

Franklin D. Roosevelt's Impact Of The Great Depression

1101 Words5 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. Half of the banks had closed their doors, more than twenty percent of the US population was unemployed, and the economy was lacking regulation. ("The Great Depression.") Therefore, President Roosevelt wanted to bring stability to people’s lives and the economy. Stating “I pledge you, I pledge myself, to a new deal for the American people.”("Franklin D. Roosevelt.") The New Deal was a series of experimental projects and programs, and there were three main programs know …show more content…

President Roosevelt's idea of the three “R’s”(relief, recovery, and reform) did bring a significant impact to American society and it overturned the public’s thoughts about government intervention. Before the New Deal people preferred a free-market economic system and limited government ,but after they realized that government intervention was as important as freedom. Due to the New Deal, Americans believed that they had the strength to pass challenging situations. They did not loose hope as shown by President Roosevelt’s statement “The only thing we have to fear is fear itself.” ("Franklin D. Roosevelt) This statement was a response to the problems caused by Great Depression, and The New Deal and its aims effectively exemplified the idea that although the situation was worse, we still had the determination to overcome

Show More
Related

  • How Did Roosevelt And Hoover Affect The Economy

    141 Words  | 1 Pages

    The Great Depression affected millions of American financially. After the stock market crash in 1929 and particularly after the banking crisis of late 1930, many Americans lost their jobs and were living in poverty. Herbert Hoover was the president of the United States at the beginning of this Great Depression. During the beginning of Hoover’s presidency most Americans supported a laissez-faire system as did Hoover . In a laissez-faire system the market dictates the economic prosperity of the country.

    Read More

  • Similarities Between Roosevelt's Relief, Recovery, And Reform

    1017 Words  | 5 Pages

    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

    Read More

  • Comparing The Ideologies Of Hoover And Roosevelt During The Great Depression

    2030 Words  | 9 Pages

    In only these four years, the suicide rate in America had tripled. In FDR’s inaugural address he reassured the country, “This country asks for action and action now.” FDR made his points clear as he explained what was happening as a result of Hoover’s presidency and what he was going to change. Since Americans were left nearly “leaderless” during the previous four years, FDR was very clear about his approach to fix America (Doc E). During Roosevelt’s next one hundred days he proclaimed a “100 Days of Action” in which he built the foundation of what would eventually become The New Deal.

    Read More

  • Compare And Contrast Fdr And The Great Depression

    219 Words  | 1 Pages

    Franklin D. Roosevelt and the Great Depression The Great Depression was one of the hardest times in History and Franklin Roosevelt was the person who helped America. Roosevelt brought about May new laws and an agency that was to help people. Roosevelt had the confidence to act when action was needed FDR set to work for those who had fallen onto hard time. By 1936 FDR inspired enough people to win the election the in inauguration FDR gave a perfect speech gathered cabinet and had them sworn in at the same time.

    Read More

  • Hoover's Rugged Individualism

    134 Words  | 1 Pages

    Even though Hoover wasn’t re-elected after 1933, his failed attempt at laissez-faire still affected the American people. An example of this is Roosevelt’s attempt at counteracting Hoover’s Rugged individualism. During Roosevelt’s campaign he promised a ‘New Deal’ for the American people, where, especially in comparison to Hoover’s: ‘laissev-faire’, the US government would be more involved with businesses and the country’s citizens. Summed up, the ‘New Deal’ was about doing everything to keep the country from disaster.

    Read More

  • New Deal DBQ

    949 Words  | 4 Pages

    During President Roosevelt’s term (1933-1945) we could see definite examples of growth in government and economy. A lot of this growth is due to the creation and implementation of the New Deal. We can’t say that the New Deal didn’t do well for America and its citizens, it was a success in restoring public confidence and creating new programs that brought relief to millions of Americans. It offered short-term relief and long-term structural reform and increased the role of the government in American society, creating for the first time a government committed to providing individual citizens with a measure of security against the unpredictable turns of the

    Read More

  • New Deal Turning Point

    1830 Words  | 8 Pages

    How far was the New Deal a turning point in US history? The New Deal was made in response to a set of policies by Franklin Delano Roosevelt (FDR) to combat issues caused by the global financial meltdown of 1929, initiated by the Wall Street Crash. This decade long historic financial downturn has been identified as the Great Depression (1929-1939). The New Deal focused on what people refer to as the ‘three R’s’:

    Read More

  • Franklin D. Roosevelt's Response To The Great Depression

    800 Words  | 4 Pages

    In the following days of October, an incredible misfortune occurred. This event would soon be known as “Black Tuesday”. This unfaithful day was the day where the stock market plummeted leading to a great crash in the economy. This led plenty of individuals to become homeless and live in a state of poverty. Many of these individuals began to create their own society's known as Hoovervilles.

    Read More

  • New Deal Dbq Analysis

    1944 Words  | 8 Pages

    Beginning with President Franklin D. Roosevelt’s inauguration in 1933, the New Deal was passed in the context of reformism and rationalism as the United States proceeded through the Great Depression. The American people looked to the President to instill reform policies to help direct the country out of an economic depression, and thus often sought to abandon the society that existed before the Great Depression. Roosevelt instituted New Deal policies to attempt to combat this period of economic decline, many of which were successful and appealed to the American people’s desires. President Roosevelt’s New Deal is often criticized for being excessively socialistic in nature, thus causing dramatic changes in the fundamental structure of the United

    Read More

  • Franklin Delano Roosevelt: Economic And Social Reform

    931 Words  | 4 Pages

    Although the Great Depression had torn apart the prosperity of the United States, hope soon enough resurfaced in the form of presidential candidate Franklin Delano Roosevelt’s promises of a “new deal”. However, Roosevelt’s attempts at economic and social reform met mixed results - although his efforts to mend the extreme personal debt of farms and banks (as well as the general population) did succeed (at least in part), his attempts to remedy the unemployment crisis and the growing national debt were failures, and in the case of national debt, he may have even made the problem worse. The origin of these failures is likely the methods Roosevelt used themselves - one effort to fix the economy surrounding farmers was even deemed unconstitutional,

    Read More

  • Franklin D. Roosevelt And Herbert Hoover During The Great Depression

    270 Words  | 2 Pages

    The Great Depression was a time during 1929 to 1939, It was the longest lasting economic disaster. The two presidents in term during this crisis, Franklin D. Roosevelt and Herbert Hoover, approached this problem in different ways. Hoover’s idea on this was to have private citizens help each others, while Roosevelt believed the government should take care of its people with social programs. Looking at these ideas in more depth we can infer ways our country should go. Herbert Hoover served as president during 1929 to 1933.

    Read More

  • Franklin D. Roosevelt's Devastating Effects Of The Great Depression

    995 Words  | 4 Pages

    When the stock market crashed in 1929, millions of Americans lost their jobs and were dumped into deep poverty. In 1933, Franklin D. Roosevelt was elected president by the biggest landslide in history as he was seen as a "new hope" after millions blamed the previous president, Hoover, for the economic downturn. In Roosevelt 's first one hundred days in office, he initiated The New Deal in order to relive, recover and reform the nation. Despite facing criticism from businesses, division among political parties and creating a deficit for the nation the workings of the New Deal were exponentially beneficial short-term and long-term. The constructive effects included providing jobs with better conditions for numerous people, the addition of

    Read More

  • New Deal Dbq Essay

    564 Words  | 3 Pages

    The programs created by the New Deal satisfied the needs of citizens, even though several thought Roosevelt was overstepping his power. Roosevelt’s administration was not very effective in ending the Great Depression, however, some of the programs did help relieve

    Read More

  • How Did Theodore Roosevelt Affect The Economy

    1215 Words  | 5 Pages

    He promised that the government would intervene in the economy to provide relief for the great depression, he proposed a ‘new deal’ that would give millions of Americans jobs and create a more stable US economy. “Roosevelt faced the greatest crisis in America since the Civil War.” (Franklin D. Roosevelt Biography). In the beginning of his presidency, he began to make good on his promises, he created many agencies and associations to help get the economy under control and to help lower the unemployment rate. As the economy was stabilizing and the unemployment rates and GDP were beginning to rise back up to normal levels, he fell under criticism for putting too much power in the government’s hands for controlling the economy.

    Read More

  • Explain What Problems Did The Us Face In The Vietnam War

    1059 Words  | 5 Pages

    All of these programs seemed to help and Americans were better off, but the Great Depression was over. Roosevelt continued to push for more reform, but in 1937 business slowed and another recession hit the nation. Now Roosevelt is being blamed for the nation’s problems. He was now at a

    Read More

More about Franklin D. Roosevelt's Impact Of The Great Depression

Open Document