George Hoover And Franklin Delano Roosevelt 's Speech On The Great Depression

1198 Words Mar 22nd, 2016 5 Pages
During the time of the Great Depression America was facing a plethora of problems. The economy was at the point of collapse and a huge portion of the money was among a very small number of very wealthy individuals. People had resorted to living in villages called Hoovervilles where the houses were made up of whatever could be salvaged. Before the Great Depression began people took out loans carelessly without money to back it up; people were paid too little and goods cost too much. More goods were produced than sold and all this lead to an economic downfall. America faced a deluge of economic issues. Both Herbert Hoover and Franklin Delano Roosevelt had different methods of trying to solve the problem, however, their efforts had different results on the economy.
The economic situation America was facing was at all time low. Meaning throughout most of the 1930s America had suffered due to the Great Depression. The people, regardless, of economic status were facing serious problems. Franklin Delano Roosevelt had stated in his inaugural address, “...Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are fine…” (Document 4). The various problems laid on America…

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