After the stock market crash in 1929, most of America went through a time of struggle known as the Great Depression. Many American’s lost their jobs, and the country was struggling tremendously. The current president, Herbert Hoover, failed to help make America great again because of his laissez-faire politics which basically said that the economy would work itself out. This idea of politics was completely useless because American’s not only wanted support from the government, but they needed it. When his term finally ended, Franklin Delano Roosevelt ran for president and won by a land slide because he opposed the idea of laissez-faire politics. After the election, he proposed this idea called the New Deal which was his way of fixing the American
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This time period occurred directly after the end of WWI. Much of this economic prosperity was attributed to the factories producing military supplies. Although some families were struggling during this time period due to the cut back of every day house hold supplies, most families were gaining economic stature. This time period was known as the roaring twenties. The economy was booming which caused people to begin buying stocks on margin which means that they didn’t actually have all of the money that they were putting into the stock market; therefore, they had to borrow most of it. Also, people started financing many everyday household items like vacuums so that they would be able to have more belongings. This all came to a quick end with the stock market crash in 1929. Everyone who had invested in the stock market lost all of their money. Shortly after that, banks began to go bankrupt, smaller business began to shut down, and many people lost their jobs. This time is known by most of America as the Great …show more content…
He created various programs like the Federal Emergency Relief Agency, the Civilian Conservation Corps, the Tennessee Valley Authority, and the Public Works Administration which provided an almost unlimited amount of jobs for people who needed work. These provided immediately relief for most struggling Americans. It provided assurance that they economy would be fixed, and it allowed people who were relying entirely on charity foundations to try to rely on themselves again. He also tried to get to the root of the economic problem by creating the Emergency Banking Relief Act and the National Industry Relief Act. These were put into place to reduce the amount of bank/ financial fraud in the economic world. He also created the Agriculture Adjustment Act for farmers which basically stated that he would pay them money to grow less crops. This was extremely helpful because one main reason that caused the economic depression was our overproduction of crops. Although the New Deal didn’t completely end the depression, it provided some relief for the stressing Americans. Finally, the New Deal was so successful that Roosevelt many a second New Deal with the closing of the first one to keep the economy
This time period occurred directly after the end of WWI. Much of this economic prosperity was attributed to the factories producing military supplies. Although some families were struggling during this time period due to the cut back of every day house hold supplies, most families were gaining economic stature. This time period was known as the roaring twenties. The economy was booming which caused people to begin buying stocks on margin which means that they didn’t actually have all of the money that they were putting into the stock market; therefore, they had to borrow most of it. Also, people started financing many everyday household items like vacuums so that they would be able to have more belongings. This all came to a quick end with the stock market crash in 1929. Everyone who had invested in the stock market lost all of their money. Shortly after that, banks began to go bankrupt, smaller business began to shut down, and many people lost their jobs. This time is known by most of America as the Great …show more content…
He created various programs like the Federal Emergency Relief Agency, the Civilian Conservation Corps, the Tennessee Valley Authority, and the Public Works Administration which provided an almost unlimited amount of jobs for people who needed work. These provided immediately relief for most struggling Americans. It provided assurance that they economy would be fixed, and it allowed people who were relying entirely on charity foundations to try to rely on themselves again. He also tried to get to the root of the economic problem by creating the Emergency Banking Relief Act and the National Industry Relief Act. These were put into place to reduce the amount of bank/ financial fraud in the economic world. He also created the Agriculture Adjustment Act for farmers which basically stated that he would pay them money to grow less crops. This was extremely helpful because one main reason that caused the economic depression was our overproduction of crops. Although the New Deal didn’t completely end the depression, it provided some relief for the stressing Americans. Finally, the New Deal was so successful that Roosevelt many a second New Deal with the closing of the first one to keep the economy