Franklin Roosevelt's Response To The Great Depression

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During the 20th century (1929), the United States was hit with a huge Stock Market crash and this basically started events that would drag the US into a large depression. President Herbert Hoover was the unlucky president to have been in power when the crash took launch . Hoover believed the cause of this depression was international, and he solely believed that restoring the gold standard would drag the US out of depression by restoring international trade. He initiated many domestic works programs aimed at creating new jobs, but it seemed to have had no effect as the unemployment rate continued to rise more and more. During the election of 1932, the Democrats chose Franklin D. Roosevelt as their candidate for president against Hoover. Roosevelt …show more content…
On a graph, we see illustrations of numbers that indicated unemployment of nonfarm workers, also it showed that nearly 40% of the workers were without jobs in 1929. During Roosevelt’s presidency, he created lots of jobs, got unemployment rates to decrease, and also turned the government into the biggest national employer (Document. J). Meridel Lesueur said in the New Masses, that "there must be as many women out of jobs in cities and suffering extreme poverty as there are men. What happens to them?" Roosevelt 's administration tried to fix the problems by focusing on these domestic issues, where men and women both suffered equally. Although the Depression caused lots of women to be jobless, they were viewed as “better living” than others, proving that women did not suffer horrifically during Franklin D. Roosevelt’s presidency (Document. A). In the first hundred days in office, FDR along with a Democratic majority in Congress thrived for a number of fifteen bills, all aimed at conflicting the depression. His first move was toward the bank, where he initiated a national bank holiday, inorder to get the banks back into business. Secondly, he proposed the Glass-Stegall Act that in turn offered the federal government’s guarantees on loans that were less than 5 thousand dollars. This act also establish the Federal Deposit Insurance Corporation (FDIC). In Roosevelt 's Bombshell message, he took the US off the gold-standard and used his administration to focus mainly on domestic issues while excluding the handling of international trades. Also, the Federal Emergency Relief Act was issued giving five hundred million dollars to the state benefit programs. Some people believed Roosevelt’s action were too radical, and that this was not fixing the problems of the Depression, but

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