Essay On The Great Depression In The 1930s

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Name : Julius Caesare Wahono Class : HIST 1302 – 7005 Essay 2 In the 1930s until the beginning of 1940s, the United States encounter the biggest economic crisis or called as the Great Depression. The Great Depression caused by many factors such as crash the stock market and the collapse the economic in Europe (Bauer 12). The Great Depression had made a big problem in unemployment and banks sectors. The Great Depression also has made long-term causes such as overproduction, low wages, banks became a weak sectors, and issues in international trade (Bauer 12). The Great Depression faced by two administration which are Hoover administration and Franklin D. Roosevelt administration. Hoover administration did several program to deal with the Great …show more content…

Roosevelt or known as FDR. FDR have a relation with the previous president Theodore Roosevelt. FDR also have polio, but this polio became his strength to encourage Americans. FDR can be called as the most respectful president in the United States because when he fall accidentally to walking to do speech, all newsletters next day not mention about it. FDR inaugurated in March 4, 1933 when the Great Depression is worse because the winter of despair happened which the highest unemployment rate is high around 25%, two millions homeless, industrial wages down 60%, and 600,000 of foreclosure. However in his 100 days in office, FDR administration turn quickly to overcome the Great Depression, he put out some programs called as the New Deal (Bauer 13). The New Deal designed by FDR to give the United States civilians hope and help (Bauer 13). FDR realized the causes of the Great Depression and the New Deal are the resolution for the fear of Americans (Bauer 13). The New Deal split into 2 piece which are the First New Deal (1933-1934) and the Second New Deal (1935-1938) (Bauer 13). The First New Deal from many historian, talked about the overproduction and the second New Deal talked about the undercompsumtion (Bauer

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