How Did Roosevelt's New Deal Led To The Great Depression?

The Great Depression affected the whole United States. Many Americans wrote to the President and the first lady during the Great Depression to describe what they needed. Also America was shifting from an economy built around heavy industry to a nation dependent on consumerism which was volatile. The stock market crash and Black Tuesday made the economy horrible, however president Franklin Roosevelt's New deal and the help of the Farm Security Administration things would change. Americans wrote to first lady Elanor Roosevelt about their issues during the Great Depression. Many Americans were scared to write however due to multiple reasons. Adults were afraid that they would lose the respect of their neighbors if they found out, or for children that their parents would find out and get punished for revealing the economic status of the family. In the book “Discovering The American Past” the author gives an example of a child who's family was in trouble. Most of …show more content…
In less than a months time the stock market had lost half of its value. There were many different issues that led to the Great Depression. America was shifting from an economy revolving around industry to one dependent on consumerism, which was more dangerous. When the stock market crashed less people also bought less goods and services. The banks were unregulated and also were failing. People were literally running to the banks to take their money out. Herbert Hoover said that government intervention in America's economy would destroy capitalism. In 1929 when Franklin Roosevelt took office, America's economy was in decline. The farm prices, wages, trading, Gross National Product were all in a free fall. Due to bank failures and financial problems homelessness and joblessness rose sharply. Drought in the South made farmland useless and also made dust storms more frequent. This led to the term “The Dust