The Great Depression Of The United States Essay

1982 Words May 6th, 2016 8 Pages
The Great Depression in the United States began on October 29, 1929, a day known forever after as “Black Tuesday,” when the American stock market crashed after being on the rise for over a decade. Banks failed, the nation’s money supply diminished, and companies went bankrupt and began to fire their workers in droves. Meanwhile, President Herbert Hoover who was the president at the time vowed to be patient and let the time period run its course. He quoted that this was “a passing incident in our national lives”. He believed that it wasn’t the federal government’s job to try and resolve the issue at hand. By 1932, one of the unwelcoming years of the Great Depression, at least one-quarter of the American workforce was unemployed. Franklin D Roosevelt was the 32nd American President who served in office from March 4, 1933 to April 12, 1945. When President Franklin Roosevelt took office in 1933, he acted swiftly to try and stabilize the economy and provide jobs and relief to those who were suffering. Over the next eight years, the government instituted a series of programs, known as the New Deal. The New Deal aimed to restore some measure of dignity and prosperity to many Americans. More than that, Roosevelt’s New Deal permanently changed the federal government’s relationship to the U.S. inhabitants. In 1921, President Roosevelt contracted Polio which resulted in losing the use of his legs. This deeply effected Roosevelt so at this point he really knew what human suffering…

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