Usa Capitalism Dbq

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Not too long after the ending of World War I on black Tuesday, October 29, 1929, the stock market crashed and it generated the start of the great depression. Americans were unprepared for the stock market to crash, leaving many American people unemployed. Due to the high unemployment rate the rate of people spending their money declined. Then things started to go downhill due to the fact that thanks for not FDIC insured so many people lost their money and all of their savings when the banks were forced to close their doors. Leading the American people in disaster and everyone was poor, starving and struggling due to the fact of the United States not having any backup plan causing our economy to completely shattered into pieces. The economy …show more content…
Roosevelt had plans for positive changes to come for the American people, with that in mind Roosevelt came up with new programs and added to existing programs to better serve the people. "In response to the growing poverty, President Franklin D Llano Roosevelt began to elaborate the philosophy of the new deal that would permit the federal government to devote more attention to public welfare than did the philosophy of rugged individualism, so popular in the early days of the country"(pg76). At this point of time, everyone was accepting that every community had a responsibility to provide welfare to those in need. The new deal was created and its variables were based on "relief recovery and reform"(pg76). Roosevelt elaboration of the new deal contained emergency aid such as food assistance, temporary work programs, social security act, social insurance programs, federal grant aid program and social services for child welfare including Child health and public health including assistance for people who were disabled, aged and blind. It also included social services for child welfare that provided rehabilitation programs for the people in need. Roosevelt 's new deal policy suggested to be Americans saving grace and it consists of programs many Americans could truly benefit from, so they would receive the proper type of aid to fit their needs while helping our country to escape this devastating lifestyle that was forced upon Americans as result of the failing

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