The Rise Of The Great Depression

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As the expression goes in physics, what goes up must come down. This idiom holds true even in history, where the booming twenties - alive with intoxication, exuberance, and flourishing industry - fell into complete chaos just before the turn of the new decade. Beginning in 1929, the Great Depression would raise unemployment rates in America up to a record-breaking 22.9% by 1932 and would cause devastating and widespread hunger and homelessness that would span throughout America and beyond, across the world. After the first few years of the Depression, public morale was already utterly demolished and people were in desperate need for a solution to end to their suffering. With the disappointment of former president Herbert Hoover’s “rotting,” …show more content…
At the inception of his presidency, Roosevelt hired several trusted appointees, including Frances Perkins, Harold Ickes, Adolphe Berle, and Henry Wallace, to run the government beside him. As observed by historian, Jason Scott Smith, “the scale of the Depression...outstripped the ability of many to comprehend what was going on,” so it was only fitting that the combined efforts of everyone affected would be required. The next step that Roosevelt would then take was to rally all the efforts and ambitions of the American people, and by Roosevelt’s second term in office, this goal had predominantly been achieved. In his acceptance speech for his reelection on June 27, 1936, with the introduction of his “New Deal” and many of his other accomplishments already behind him, Roosevelt further established his people’s respect with powerful allusions, parallelism, and …show more content…
With the rise of booming industry arose also the opportunity to come into extraordinary power, which in turn gave rise to the reign of exploitative economic royalists. The availability of such power, Roosevelt identifies, iss exclusive to the elites, where the average man has no place. (Again, the average man is stripped of his freedom, which we fought to oppose in '76.) In the words of FDR himself, “The savings of the average family, the capital of the small business man, the investments set aside for old age—other people 's money—these were tools which the new economic royalty used to dig itself in.” It is this sort of cruel relatability that upsets and inspires the American public to act so willingly and willfully for Roosevelt’s cause. The new figurehead of the privileged elite (the neo-eighteenth century royalists), the power hungry economic royalists created an exploitative political system, that bridged upon criminally oppressive, but that they blanketed with legal authorization so that it would be overlooked. This can be seen as what Roosevelt describes as “new despotism wrapped in the robes of legal sanction.” President Roosevelt criticized the unequal distribution of

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