After a decade of Republican presidents, rose Franklin D. Roosevelt, a Democratic president. The Great Depression had led the United States into wreckage. Even after ten years of the Great Depression, families did not earn enough money for a living in the United States. Each family needed more money than sixty percent of the Americans earned (). In 1932, around two million Americans were homeless, who became wanderers. With them were the victims of starvation and malnutrition. Men lost their jobs as women carried on with the household and nurturing kids. It was then Franklin D. Roosevelt was elected as the president to the United States. He was an incomparable, bold and a very efficient leader who managed to save the capitalist system in the United States.
He created the Temporary Emergency Relief Administration to aid the jobless. Resolving the conflicts at the federal and state banks were the first step Roosevelt wanted to take. He formed the “Brain trust” from a group of economic advisers because baking was the primary priority for the country. He passed the Emergency Banking Act, which allowed financially secured banks to reopen with government support and other banks to be handed over to the conservators. This was a temporary movement and was replaced by the Glass-Steagall Banking Act of 1933 …show more content…
The Social Security System, which continues to be in process till today was introduced during Roosevelt’s presidency. He laid the foundation for the future prosperity of the country. His programs were targeted at the well-being of the citizens of the United States. Common people benefited out the programs. It made the country more sustainable to live in, with fixed wages, convenient working hours and safer working conditions. Roosevelt was re-elected in the elections of 1940 for the second time with the belief that he would handle the nation through the remaining
He created the Temporary Emergency Relief Administration to aid the jobless. Resolving the conflicts at the federal and state banks were the first step Roosevelt wanted to take. He formed the “Brain trust” from a group of economic advisers because baking was the primary priority for the country. He passed the Emergency Banking Act, which allowed financially secured banks to reopen with government support and other banks to be handed over to the conservators. This was a temporary movement and was replaced by the Glass-Steagall Banking Act of 1933 …show more content…
The Social Security System, which continues to be in process till today was introduced during Roosevelt’s presidency. He laid the foundation for the future prosperity of the country. His programs were targeted at the well-being of the citizens of the United States. Common people benefited out the programs. It made the country more sustainable to live in, with fixed wages, convenient working hours and safer working conditions. Roosevelt was re-elected in the elections of 1940 for the second time with the belief that he would handle the nation through the remaining