Franklin D. Roosevelt In The 1930's

Decent Essays
Milton Friedman stated, ‘The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.’
(Reveal Topic) Franklin D. Roosevelt was our leader during the great depression providing most with jobs and recovery from the greatest depression in the USA
(Credibility Statement)
It’s important because we still have social security, the S.E.C. and the F.D.I.C. to watch over our finances.
(Preview) FDR affected the 1930’s by creating the New Deal which focused on the relief, recovery and reform of the United States after the Great Depression.
(Transition) Body To start…
(TOPIC SENTENCE) Franklin D. Roosevelt impacted the 1930’s by providing relief to the
…show more content…
(Transition) Furthermore… In order to ensure the U.S. economy remains stable, Roosevelt enacts reforms to the banking and securities industry to ensure continued stability occurs.
(Primary Support Preview) Banks and stocks become regulated and reformed through the Federal government.
Roosevelt immediately signs into law The Securities Act of 1933. This law is designed to reduce fraudulent activities on Wall Street.
Roosevelt’s next big piece of legislation is The Banking Act of 1933 (also known as the “Glass-Steagall” law). (O 'Donnell, Pat. "New Deal." American Government. ABC-CLIO, 2015. Web. 25 Oct. 2015.)
The Banking Act separates commercial and investment banking.
The Banking Act of 1933 also creates the Federal Deposit Insurance Corporation (FDIC) to insure banks, curb bank runs and reduce the number of bank

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