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A great president has vision, drive, and the capability to perform under pressure. In 1929, the United States was hit with the worst economic depression we have ever seen following a stock market crash that brought the banking system to its knees. Unemployment was at a record high, people were going hungry, and the government at the time was doing nothing. Franklin Delano Roosevelt, elected in 1932, proved himself the best president throughout his two terms during this difficult time. When faced with the Great Depression, Franklin Delano Roosevelt turned America around and proved himself the best U.S. President by revolutionizing the relationship the federal government had with the people by giving it the power to truly help the people with his New Deal, a plan he implemented that included recovery for the economy, the shrinking of unemployment rates, and the creation of social welfare programs. …show more content…
The Great Depression was a crisis unlike any the United States had faced before.
President Herbert Hoover, who was in office when the Depression hit, was wary of using executive power to interfere with the economy. A believer in small government, he believed, "while people must not suffer from hunger and cold, caring for them must be primarily a local and voluntary responsibility." (Freidel and Sidey). This led to the public scapegoating him as the cause for the Depression and Roosevelt beating him out for reelection by a wide margin of 88.9% in the electoral vote and 57.4% in the popular vote. In fact, Roosevelt won every state except six; those being Vermont, Pennsylvania, New Hampshire, Maine, Delaware, and Connecticut (Woolley and
Peters). In stark contrast to Hoover's inaction, President Roosevelt took decisive action regarding the financial crisis. The day after his inauguration he declared a four day bank holiday to stop people from withdrawing money from unstable banks while he brought his Emergency Banking Act to Congress, which passed, reorganizing the banks and closing ones that couldn't be saved (New Deal). He also got the Glass-Steagall act to pass, "which provided a federal guarantee of all bank deposits under $5,000, separated commercial and investment banking, and strengthened the Federal Reserve's ability to stabilize the economy" (Digital History). A close adviser of Roosevelt's, Raymond Moley, was not exaggerating when he said that Roosevelt "saved capitalism in eight days". This kind of strong immediate action is exactly what the American people wanted and needed at this time. Roosevelt introduced the idea of the first 100 days, an idea presidential hopefuls use even today to discuss the first actions they would take should they be elected. In Roosevelt's first 100 days, he passed fifteen major bills to help the American people (Digital History). One prime example of this would be when he created infrastructure and jobs at the same time by passing the Tennessee Valley Authority, which allocated funds for the building of dams. These generated hydroelectric power for rural areas that didn't have electricity before as well as jobs, as people were needed to build said dams. In addition to this, the Federal Emergency Relief Act allocated $500 million into welfare programs at the state level to provide immediate relief to those affected by the Depression. Before Roosevelt's presidency, the American people had next to no interaction with the the federal government, except during elections. Roosevelt revolutionized what citizens expected from their government as far as aid in times of strife. Only a great president could have changed the relationship between the people and the government to the extent that he did. Roosevelt's vision and drive to do whatever it took to bring the United States out of the Depression and into it's place as a prosperous world power (as it is today) marks him as the best President we have had as of yet in my book.
In 1929, the stock market crashed, bringing great ruin to our country. The result, the Great Depression, was a time of hardship for everyone around the world. The economy in the US was lower than ever and people were suffering immensely. During these trying times, two presidents served- Herbert Hoover and Franklin Delano Roosevelt (F.D.R.) Both had different views on how the depression should be handled, with Hoover believing that the people could solve the issue themselves with no government involvement, and with F.D.R. believing that the government should work for their people in such difficult times.
The stock market crash of 1929 set in motion a chain of events that would plunge the United States into a deep depression. The Great Depression of the 1930's spelled the end of an era of economic prosperity during the 1920's. Herbert Hoover was the unlucky president to preside over this economic downturn, and he bore the brunt of the blame for the depression. Hoover believed the root cause of the depression was international, and he therefore believed that restoring the gold standard would ultimately drag the United States out of depression by reviving international trade. Hoover initiated many new domestic works programs aimed at creating jobs, but it seemed to have no effect as the unemployment rate continued to rise. The Democrats nominated Franklin Roosevelt as their candidate for president in 1932 against the incumbent Hoover. Roosevelt was elected in a landslide victory in part due to his platform called "The New Deal". This campaign platform was never fully explained by Roosevelt prior to his election, but it appealed to the American people as something new and different from anything Hoover was doing to ameliorate the problem. The Roosevelt administration's response to the Great Depression served to remedy some of the temporary employment problems, while drastically changing the role of the government, but failed to return the American economy to the levels of prosperity enjoyed during the 1920's.
One main cause of the depression was the overproduction of farming and factory goods. The nation was so over-productive that its citizens couldn't afford to pay for these goods because all of the money was going into production fees, and not salaries When Hoover enacted the Hawley-Smoot Tariff, U.S. goods acquired an enormously high 60% tax rate, this was part of the reason for the depression, since no other countries wanted to pay the high tariff rate just to buy goods from the United States. While Hoover thought that he was helping the economy with this tariff, it turns out that all he did was isolate the U.S. from Europe and other parts of the world that would normally trade with the United States. President Hoover also thought that the government shouldn't give the citizens any direct help, when in fact, that was exactly what they needed to do. Instead of going out into the community and directly helping people, Hoover thought that if he created “public works” like the Hoover Dam, he could create jobs, and help citizens ...
Coming into the 1930’s, the United States underwent a severe economic recession, referred to as the Great Depression. Resulting in high unemployment and poverty rates, deflation, and an unstable economy, the Great Depression considerably hindered American society. In 1932, Franklin Roosevelt was nominated to succeed the spot of presidency, making his main priority to revamp and rebuild the United States, telling American citizens “I pledge you, I pledge myself, to a new deal for the American people," (“New” 2). The purpose of the New Deal was to expand the Federal Government, implementing authority over big businesses, the banking system, the stock market, and agricultural production. Through the New Deal, acts were passed to stimulate the
The Great Depression was due to the stock market crashing and the fear of risking what was left and decided to but a pause on any economic activity. Throughout this time period, we elected two Presidents, Herbert Hoover and Franklin D. Roosevelt. Throughout the Depression, Roosevelt had the most effective policies than Hoover. President Hoover was part of the Republican Party. He took office in 1929 when the American economy was at its high and when he left it reached its twentieth century low.
The New Deal was a series of federal programs launched in the United Sates by President Franklin D. Roosevelt in reaction to the Great Depression.
"No business which depends for existence on paying less than living wages to its workers has any right to continue in this country," - Franklin D. Roosevelt ("Thinkexist.com"). In the middle of the deepest economic recession in the history of the United States, Franklin D. Roosevelt took office and did everything in his power to try and turn the country around. Roosevelt was a very intelligent man and the country believed he would lead them out of the Great Depression (Brinkley). Roosevelt inspired the nation to make drastic changes during the Great Depression with his extensive knowledge, understanding of the people's suffering, and new government reforms.
In response to the Stock Market Crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous President, Hubert Hoover. Hoover allowed the country to fall into a complete state of depression with his small concern of the major economic problems occurring. FDR began to show major and immediate improvements, with his outstanding actions during the First Hundred Days. He declared the bank holiday as well as setting up the New Deal policy. Hoover on the other hand; allowed the U.S. to slide right into the depression, giving Americans the power to blame him. Although he tried his best to improve the economy’s status during the depression and ‘pump the well’ for the economy, he eventually accepted that the Great Depression was inevitable.
President Franklin Roosevelt strived throughout his time in office to construct multiple reforms, such as the New Deal, that would completely alter the role of the federal government. At the beginning of his administration, President Roosevelt faced heavy opposition from the current justices of the Supreme court. Many of the Supreme Court Justices were older and held conservative views that deterred them from vote for most of President Roosevelt’s legislature. With-in his first couple years, the Supreme Court had rejected numerous piece of legislature like the National Recovery Administration, the Agricultural Adjustment Act, and many key pieces of Roosevelt’s historic New Deal. (History.com) The justices’ traditional views drove them to deem
Roosevelt created the New Deal in a way to reconstruct what the Great Depression had done. In the First New Deal he was going to try and experiment with new ideas that could help restore the economy. The First 100 Days was basically the period where Congress allowed Roosevelt to do also anything he wanted. Every bank in the United States were going to close their doors until the government and banks could control the bad moment banks were going through. Bank reform was the first thing he asked from Congress, a legislation in order for banking system to organized again, have a strong foundation, and also have the support of the government. After only two week, many people were depositing money again and started to have trust in banks, at this point banks made a huge improvement and were stronger than ever. This was a better idea than what president Hoover was doing, Hoover never
A rise in crime, unemployed individuals had to look toward petty theft to put food on the table, suicide rates increased, malnutrition, prostitution, no adequate Health care, Alcoholism increased with Americans in search of ways to escape the crisis, prohibition and much more unfortunate situation unfolded during the time of The Great Depression. This troubling time lasted from 1929-1939. The Great Depression was a time of worldwide economic depression, the most disastrous of all economic crisis in the history of the United States. The Nation was falling apart, and something needed to be done about the crisis facing the country. The American people needed a change in the situation. After winning the election and defeating Hoover, President
The horrific problems caused by the Great Depression in America needed to be solved. In 1932, a new president offered a different approach called the New Deal. This president was Franklin Delano Roosevelt. Roosevelt received 7 million more votes than Herbert Hoover, who failed to assist with the Great Depression. Roosevelt was extremely different to Hoover, which is what helped Roosevelt achieve the greatest presidential victory America had ever seen. Hoover took office shortly after the crash, therefore many Americans blamed him for it, and others blamed him for not doing enough to deal with the depression. Roosevelt promised a new deal for the American people and provided them with someone to trust and be confident in. Roosevelt was able
The Great Depression in the United States was the worst and longest economic collapse in the history of the modern industrial world. It lasted from the end of 1929 until the early 1940’s. Beginning in the United States, the depression spread to most of the world’s industrial countries, which in the 20th century had become economically dependent on one another. The Great Depression had quick declines in the production and sale of goods and a sudden and severe rise in unemployment. In 1933, at the worst point in the depression, more than 15 million Americans were unemployed. Starting the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves. He brought hope as he promised prompt, vigorous action, and asserted in his Inaugural Address, "the only thing we have to fear is fear itself."
The New Deal is known for having the “3Rs” as goals to benefit the population, which stands for relief, recovery, and reform efforts made by the New Deal. However, in the beginning President Roosevelt wanted to add a “fourth R” which would stand for rodeo. This shows just how much of an effect the Great Depression had on the American economy and the people. The New Deal were programs and policies implemented by President Roosevelt that were aimed to give relief, recovery, and reform to combat the effects of the Great Depression. The New Deal was in place between 1933 and 1934, and in my opinion, the New Deal was as successful as it could have been for the timeframe it was in. To begin with it actually benefitted the economy of the United States
The Great Depression was a terrible time for the United States of America. President Hoover did barely any to help. What the country needed was a president that could help them in their time of need, but that didn’t happen as best as it could have. The New Deal was a failure. The New Deal caused the citizens to want to be dead instead of living, discrimination against blacks, and a jump in unemployment rates.