At the end of 1929, the United States saw one of the most dramatic changes in American history. In just a few short years, the nation collapsed from prosperity and glamour of the booming twenties to the hardship of the Great Depression.The United States’ participation in World War I was largely responsible for the economic collapse of 1929 because the United States spent more than thirty billion dollars in taking part in World War I, which led to the Great Depression and make President Roosevelt to create history-making New Deal. The depression lasts more than ten years, however Roosevelt’s New Deal succeeded to solved many American problems.
In the three years of Herbert Hoover’s presidency, the condition of industries were poor and the stock market almost got collapsed. By 1932, the unemployment rate increased up to 25 percent and nearly thirteen million of the nation were jobless. These problems led Roosevelt to provide some New Deal to resolve these issues. Although the New Deal brought upon the United states in the era of poverty and hardship was not successful in bringing an …show more content…
Franklin D. Roosevelt first served as a governor of New York and was later elected president of the United States. In fact, Roosevelt was the only president who elected four times for president in a row. When he first took the office in 1932, the country was facing an array of crises. Among all depressions, the most notable depression was 1930’s when stock market got collapsed, because the bottom had dropped out of the stock market and industrial production had been cut more than half. There is also a decline in the utilization of the plant and equipment in the economy. This long list of crises made many people desperate to see a change in their society and their hope for better America. This can only be possible under a loyal leader which Roosevelt proved to his
In the three years of Herbert Hoover’s presidency, the condition of industries were poor and the stock market almost got collapsed. By 1932, the unemployment rate increased up to 25 percent and nearly thirteen million of the nation were jobless. These problems led Roosevelt to provide some New Deal to resolve these issues. Although the New Deal brought upon the United states in the era of poverty and hardship was not successful in bringing an …show more content…
Franklin D. Roosevelt first served as a governor of New York and was later elected president of the United States. In fact, Roosevelt was the only president who elected four times for president in a row. When he first took the office in 1932, the country was facing an array of crises. Among all depressions, the most notable depression was 1930’s when stock market got collapsed, because the bottom had dropped out of the stock market and industrial production had been cut more than half. There is also a decline in the utilization of the plant and equipment in the economy. This long list of crises made many people desperate to see a change in their society and their hope for better America. This can only be possible under a loyal leader which Roosevelt proved to his