Reasons Behind Roosevelt's Introduction of the New Deal

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Reasons Behind Roosevelt's Introduction of the New Deal

The New Deal was introduced by new elected democratic president,

Franklin Delano Roosevelt in 1933 to fight the great depression in the

USA which arose in 1929.

This New Deal was to set-up many organizations which dealt with issues

such as social, economic and financial problems in the country, these

organizations were thought of and planned in Roosevelt’s ‘first

hundred days’ of being in power and position.

The Great Depression occurred after the Wall Street crash and the fall

of the stock market in 1929, this depression left millions of people

homeless without jobs or food.

The stock market sold over 16 million shares by the 29th October; it

had lost 47% of its value in just 16 days!

Roosevelt was prepared to stand up and help the American people,

getting them back into work and shelter, financially stable enough to

keep them alive and happy.

His opening speech in 1933 read: “The only thing we have to fear, is

fear itself”, this was spoken when the depression was at its worse.

America was in a terrible state after the depression had taken hold of

the country, it made over 12 million people lose their jobs, with the

figure rising 12,000 each day causing tremendous upset and anger as

they could not feed themselves and their family.

It caused over 20,000 companies and businesses to go bankrupt, with

over 1600 banks having to be closed down also due to bankruptcy.

These banks could not stay down, at one point they were going to have

to be re-opened, but not until they were inspected and made sure that

they can stay on their feet.

In just one year, 23,000 people committed suicide because they had

lost all of their money and possessions; this was a horrific figure

and an all time record.

The depression changed the living conditions of the majority of the

public, food and money wasn’t coming into the households, leaving

people hungry and desperate for jobs.

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