Franklin D. Roosevelt's Response To The Great Depression

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Roosevelt's New Deal

“I pledge you-- I pledge myself to a New Deal for the American people.” Franklin D Roosevelt’s response to the Great Depression was the creation of many organizations and laws, some that benefited the American Citizens. Not all of the programs were successful or lasted very long, but many had immediate impacts on impoverished individuals and the failing banking system. Out of the all of the New Deal programs, a few are still around and still helping America’s economic growth such as the FDIC, SEC, and FHA.

The Great Depression started on October 29, 1929 and was known as “Black Tuesday”. The American Stock market crashed after going strong for a whole decade and was the most critical economic tragedy at the time. Banks failed, the nation’s money supply declined, companies went bankrupt and people lost jobs. Franklin Roosevelt's responses to the problems of the Great Depression were implicit in …show more content…

Unemployment ended unexpectedly because of WWII. African Americans were treated the same especially in the military, Government spending became a problem because every dollar that was made for the US was spent on the war and economic restructuring. FDR helping the American people meant that he was obstructing state affairs and controlling the people too much. The New Deal had certain laws to ameliorate working conditions for workers such as the Wagner act, which ruined government relations with factory owners.

In conclusion, Roosevelt’s response to the Great Depression was the New Deal which had its pros and cons and benefited the American economy. Although it didn't pick America back up on its feet immediately, eventually it did assist us in the future (present). The New Deal formulated the role of government, convincing most of the standard Americans that the government not only could intervene in the economy but also guard and provide undeviating support for American

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