Franklin D. Roosevelt : The Great Depression Essay

935 Words Oct 18th, 2016 4 Pages
Franklin D. Roosevelt was elected as the nation’s 32nd president in 1932. As a democrat, he won a consecutive four presidential elections and led the United States during the economic depression and the total war. America was experiencing the Great Depression(1929-1939) which was the deepest and longest-lasting economic downturn in the history of the Western industrialized world when Roosevelt became the president. In the United States, the Great Depression began soon after the stock market crash of October 1929. Over the next several years, consumer spending and investment dropped, and caused rising levels of unemployment. By 1933,13 to 15 million Americans were unemployed and nearly half of the country’s banks had failed. ( Staff) Under this severe situation, Roosevelt immediately acted to reassure the public confidence and to speak directly to the public through radio broadcasts or “fireside chats.” He also started government programs to give food and shelter to the needy. For example, the Tennessee Valley Authority, gave people jobs by building dams on the Tennessee River; the Works Progress Administration gave people jobs building streets, parks, libraries, and schools. These programs gave jobs to millions of people. A national minimum wage was also set. These programs were known as the New Deal. Many of the most important laws and institutions that define American 's modern economy were originated from the New Deal era. One of the most innovative ideas in…

Related Documents