America's Worst Causes Of The Great Depression

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The Great Depression is one of America's Worst moments in history it caused Poverty, Homelessness, unemployment ETC. The great depression started in 1929 while President Herbert Hoover was in a term. Through the next few years, the economic crisis worsened and only kept taking turns for the worse. President Hoover did not help at all in the rough months until the near end of his term he practically threw 2 billion dollars to the banks to try to re-stabilize the banks and economy but the problem was too far gone. Later in Nov 1932, Franklin D. Roosevelt was elected president, and he was inaugurated in the Mar of 1933. He came up with a couple of different solution to end the great depression. His First was called the New Deal which was also …show more content…
FDR actually had a positive outcome from his government involved programs. In the first hundred days of his presidency, Congress passed legislation aimed to help with the banking crisis, unemployment that was a whopping 25%, and weak industrial performance and other problem which caused The Great Depression. The new laws were known as a ¨alphabet soup¨ because the AAA, CCC, FERA, NRA, FDIC and the SEC were created to help prevent problems that lead to the great depression. The FDIC is very important because it has to do with banks, many people during the great depression lost all of their life savings because they were put into the banks. The FDIC Federal Deposit Insurance Corporation Guaranteed individuals that money they deposited into banks would be repaid to them by the federal government in the event that their bank went out of business. Which now just that law itself causes a huge impact on the role the government now. Lastly, even though the new deal and the second new deal were successful we can give that all the credit of getting the United States of America out of the Great Depression because massive military spending brought on by the second world war helped a lot of Americans. The reason this helps a lot of Americans is that while almost all males were at or overseas fighting the war at home factories are being made that build airplanes and weapons. Which caused employment and the unemployment numbers to drop. Also, Woman were the ones that were working in the USA because the men were away at

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