Franklin Delano Roosevelt And The Great Depression Essay

1709 Words May 16th, 2016 7 Pages
I hope all of the class knows at least something about Franklin Delano Roosevelt, the Great Depression and his New Deal. Considering we just learned about it and had a test on it. But hopefully I can go over some details that we did not go over in class and share my take on the New Deal and how it was very successful both at the time and for the future. This is because it made up for Herbert Hoover’s mistakes, provided indirect and direct relief to millions, got America out of the Depression and helped set America straight for the future.
But first before I explain myself and give my reasons, I would like to give a little background on the New Deal and why Franklin Delano Roosevelt had to drag American out of the Great Depression. Life in the Twenties was pretty good, there was lots of money and the times were free and easy. Between 1920 and 1929, the nation’s total wealth was more than double of that of previous years. These examples point to the era being coined the “Roaring Twenties”. With President Calvin Coolidge and the new stock market, the economy boomed as the prices of stocks skyrocketed. But as we learned, all was not good as trouble laid ahead. As soon as ill-equipped new President Hebert Hoover was elected, America started to go downhill. The Great Depression started it all, beginning with the crash of the stock market. The stock market crashed when millions of people tried to sell back their stocks from Black Tuesday, October 22, 1929, to Black Thursday…

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