The Great Depression is known as the most difficult time Americans have had to face individually and as a country. The two presidents that served in office through it, Hoover and Roosevelt, took different approaches in resolving the country’s problems and came out with different results. It was a time of disagreement among the American people and brought a lifetime of hardships to many. However, the government actions taken during this decade in American’s history has shaped much of how our country exists today.
Some of the causes of the Great Depression were the over expansion of industry, the stock market crash, and the global depression. The over expansion of industry caused many problems in America’s industrialized economy. There was a …show more content…
Roosevelt approached the struggles of the Great Depression in a very different way. He believed that the government was responsible for the welfare of the people and was not afraid to use the government power to solve the nation’s problems. He began giving weekly radio chats and insisting on new plans to help America until something started to work. FDR created many programs to help improve the country. Each of these programs were known by their acronym and were collectively called “Alphabet Soup.” One of these programs was FDIC - Federal Deposit Insurance Corporation. This program was aimed to ensure that the people’s money would always be available in the banks. Another was Tennessee Valley Authority, which ensured that all homes would be equipped with electricity and access to many other amenities. The Civilian Conservation Corps was established to help young, unmarried men and restore conservation of natural …show more content…
He focused his second 100 Days on social reform through progressivism to gain more support. A huge part of the New Deal was the introduction of Social Security, in which the federal government took on the responsibility for citizens. Despite his efforts, not everyone was in favor of FDR and his New Deal. Many of his ideas were shut down by the Supreme Court as well. However, FDR’s New Deal seemed to be working for a while, the unemployment rate declined, farm prices had improved, industrial production increased, and federal deficit had grown to $4 billion. This period of hope for change was quickly dismissed stock market crashed for the second time and unemployment increased to 20% again. Two of the positive changes that were made from the New Deal were the first minimum wage at 25 cents per hour and a maximum 40 hour work week. Despite any new changes, the New Deal did not end the Great Depression. The New Deal ended in 1938 and the depression continued until World War
Some of the causes of the Great Depression were the over expansion of industry, the stock market crash, and the global depression. The over expansion of industry caused many problems in America’s industrialized economy. There was a …show more content…
Roosevelt approached the struggles of the Great Depression in a very different way. He believed that the government was responsible for the welfare of the people and was not afraid to use the government power to solve the nation’s problems. He began giving weekly radio chats and insisting on new plans to help America until something started to work. FDR created many programs to help improve the country. Each of these programs were known by their acronym and were collectively called “Alphabet Soup.” One of these programs was FDIC - Federal Deposit Insurance Corporation. This program was aimed to ensure that the people’s money would always be available in the banks. Another was Tennessee Valley Authority, which ensured that all homes would be equipped with electricity and access to many other amenities. The Civilian Conservation Corps was established to help young, unmarried men and restore conservation of natural …show more content…
He focused his second 100 Days on social reform through progressivism to gain more support. A huge part of the New Deal was the introduction of Social Security, in which the federal government took on the responsibility for citizens. Despite his efforts, not everyone was in favor of FDR and his New Deal. Many of his ideas were shut down by the Supreme Court as well. However, FDR’s New Deal seemed to be working for a while, the unemployment rate declined, farm prices had improved, industrial production increased, and federal deficit had grown to $4 billion. This period of hope for change was quickly dismissed stock market crashed for the second time and unemployment increased to 20% again. Two of the positive changes that were made from the New Deal were the first minimum wage at 25 cents per hour and a maximum 40 hour work week. Despite any new changes, the New Deal did not end the Great Depression. The New Deal ended in 1938 and the depression continued until World War