The Great Depression Caused By Franklin D. Roosevelt Essay

1421 Words Feb 4th, 2016 6 Pages
No nation could emerge from the Great Depression without profound social, political, and economic changes. Specifically, the United States and Canada were hit particularly hard with severe unemployment and acute economic deflation. While Franklin D. Roosevelt intervened heavily in the United States’ economy, Canadian Prime Minister Richard Bedford Bennett took a more laissez-faire approach; through these solutions, it is evident that in the case of economic depression, economic interventionism in employment, agricultural production, and national banking provide optimal results for recovery.
In order to repair the ravaged American and Canadian workforces, Roosevelt took decisive action towards reconstruction whereas Bennett, out of respect for the free-enterprise system, opted for less invasive solutions. The Great Depression caused unemployment in the US and Canada to plummet; the US’ unemployment rate rose approximately 25 percent and Canada’s to 27 percent (Leppard 97). Upon regarding the masses of homeless, starving, and impoverished citizens, Roosevelt proposed several solutions to provide more jobs for workers. Bennett, however, had no real contingency plan for the effects of the Great Depression. Due to their differing viewpoints—Roosevelt deciding that government intervention was vital for recovery and Bennett believing the “invisible hand” method would prove more effective—contrasting solutions were enacted, with US citizens faring better in the workforce.…

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