Franklin Delano Roosevelt was elected to be the 32nd president of the United States on November of 1932. He wasn’t inaugurated until March 1933. When he was inaugurated, he made a famous speech, and here as quotes: “… This great nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my belief that the only we have to fear is fear itself-…”
Short backstory of Great Depression:
The Great Depression started with the Stock Market Crash of 1929. Over the next few years, many banks closed, many people lost money because the banks had kept their savings, and many people lost jobs. The peak of the depression was in 1933, when most banks was closed, many people were jobless and homeless. Around the same time, there were a series of violent winds and dust storms called the Dust Bowl. Many things like crops and cars, were damaged, and people got hurt. As a result, many farmers were encouraged to take out some land production. The …show more content…
New Deal:
During his first half of presidency, he started something called the New Deal. The New Deal was split into 2 parts. The first part was to help restore economy, and lasted from 1933 to around 1935. The second half was to end the depression and this time lasted from 1935 to 1939. In between those two time periods, he created many acts and laws and was known as the National Recovery Act. One of the first acts passed was the Emergency Banking Act, which was to reorganize and open many banks back up as a little bit before this, they had to close many banks for this acts to work. That year, he also passed the Tennessee Valley Authority Act, which was there to help supply cheap electricity, prevent floods, and other things, the Subsistence Homesteads
Short backstory of Great Depression:
The Great Depression started with the Stock Market Crash of 1929. Over the next few years, many banks closed, many people lost money because the banks had kept their savings, and many people lost jobs. The peak of the depression was in 1933, when most banks was closed, many people were jobless and homeless. Around the same time, there were a series of violent winds and dust storms called the Dust Bowl. Many things like crops and cars, were damaged, and people got hurt. As a result, many farmers were encouraged to take out some land production. The …show more content…
New Deal:
During his first half of presidency, he started something called the New Deal. The New Deal was split into 2 parts. The first part was to help restore economy, and lasted from 1933 to around 1935. The second half was to end the depression and this time lasted from 1935 to 1939. In between those two time periods, he created many acts and laws and was known as the National Recovery Act. One of the first acts passed was the Emergency Banking Act, which was to reorganize and open many banks back up as a little bit before this, they had to close many banks for this acts to work. That year, he also passed the Tennessee Valley Authority Act, which was there to help supply cheap electricity, prevent floods, and other things, the Subsistence Homesteads