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The economic impact of roosevelts new deal
Roosevelt's new deal in the Great Depression importance
Roosevelt's new deal in the Great Depression importance
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Background, Uprbringing and Character of Franklin Delano Roosevelt
In this essay I will be looking at the up coming of Franklin Delano
Roosevelt. In this question I am seeing if Roosevelt’s background,
upbringing and character helped him to understand the concerns of
normal Americans. There were many factors; which helped him to
understand their concerns.
In the late 1920’s America was a booming country due to all the loans
people were taking out. They borrowed money to buy shares which they
gained profits in. then in 1929, the Wall Street crash occurred.
People rushed out to sell shares because they realised companies were
doing badly. Businesses collapsed and thousands of people were ruined,
selling shares for anything. The Republican government didn’t believe
the state should interfere in the free-market economy to help
businesses, or to help with the welfare concerns of the poor and
unemployed. The government thought the people should help themselves.
This lead to a great depression.
The depression affected ordinary Americans, lots of unemployment
occurred as much as 80%, as businesses could not afford to pay wages.
This lead to people selling their homes, and living in ‘Hoover Ville
towns’. The American people became very poor and depressed, losing
belief in the government and Herbert Hoover.
Franklin Delano Roosevelt could understand the concerns of Americans
through his upbringing and background. He attended Groton School,
which prepared him to become a leader. His head teacher helped him by
giving him character training. This made him think he had a duty to
help people less fortunate than him. Franklin was always wil...
... middle of paper ...
...Deal itself succeeded in sparking America’s eventual
economic recovery, it was undeniably instrumental in starting an
equally important psychological recovery. Roosevelt was able to
maintain his popularity despite the persistence of extreme economic
hardship through out his first two terms, by successfully transforming
the individual materialistic striving for self-preservation of
millions of Americans into a communal characteristic struggle for the
preservation of democracy. I think the positive points have out
weighed the negative points. Franklin brought about a lot of change
and helped the Americans through the depression, unlike Herbert Hoover
who left the economy to try and sort itself out, which did not work. I
think Franklin Delano Roosevelt’s New Deal did bring about better life
for all Americans in the 1930s.