What we think of as the Great Depression did in fact begin after the stock market crash, but is not to be blamed for the total destruction of America’s economy. The underlying economic conditions in the U.S before “the crash” were not as peachy as Americans led them on to be. The 1920’s consisted of large-scale domestic consumption of products, but was fueled by credit and installment buying, which allowed people to live way outside their means. Meanwhile, the agriculture of our country suffered tremendously throughout the 1920’s because farms had expanded during World War I to help provide the troops with food. Secondly, the expansion forced farmers to turn to heavy machinery, which destroyed soil and left farmers in extreme debt. People turned
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Homeless people lived in very poor towns called Hoovervilles, which then allowed Herbert Hoovers name to be associated with failure and resentment.
In contrast to Hoover, FDR transformed the role of the federal government and it led to a shift in the Democratic party, which was brought on by the New Deal Coalition. After the very average response to the Great Depression Hoover did not have a very good chance of winning the presidential election of 1932. As FDR campaigned he coined the term New Deal by suggesting that it was the governments responsibility to guarantee every man the right to make a comfortable living, but he was not quite sure as to how he would accomplish it. In the very first 100 days of his presidency he put forth action. This is where the New Deal comes into play and it is seen by using the 3 R’s. The relief programs which usually helped give money to help poor people in need. Recovery programs were meant to fix the economy in the short term and put people back to work. Finally, reform programs were designed to regulate the economy and prevent future depressions, but some programs, like Social Security, don’t fit easily
Homeless people lived in very poor towns called Hoovervilles, which then allowed Herbert Hoovers name to be associated with failure and resentment.
In contrast to Hoover, FDR transformed the role of the federal government and it led to a shift in the Democratic party, which was brought on by the New Deal Coalition. After the very average response to the Great Depression Hoover did not have a very good chance of winning the presidential election of 1932. As FDR campaigned he coined the term New Deal by suggesting that it was the governments responsibility to guarantee every man the right to make a comfortable living, but he was not quite sure as to how he would accomplish it. In the very first 100 days of his presidency he put forth action. This is where the New Deal comes into play and it is seen by using the 3 R’s. The relief programs which usually helped give money to help poor people in need. Recovery programs were meant to fix the economy in the short term and put people back to work. Finally, reform programs were designed to regulate the economy and prevent future depressions, but some programs, like Social Security, don’t fit easily