Great Depression The Great Depression and the New Deal 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.
When the market crashed, all of these factors that were hidden by a general belief in permanent wealth and prosperous trends sent the economy into a tale spin. Many believed that the United States would decline into dissolution and little faith was placed with the current policies of Herbert Hoover’s administration. The American public desperately needed someone to guide them through the most economically debilitating period in history. They were looking for someone with a plan that would help kick start the economy and bring prosperity back to the masses. The gravity of the Great depression called for governmental reforms and programs to protect and maintain the general welfare of its citizens.
While relaxing on vacation, I began to feel a terrible pain in my head, then suddenly, my eyes closed. In the early 1930’s, America was facing an enormous depression that seemed impossible to escape and never ending. When FDR was elected, he was able to save the country with his positive thoughts and brilliant ideas. Not only was he capable of almost bringing the nation completely out of the Great Depression and rebuilding the economy, but was also able to lead the United States through a complex war such as World War Two. If Roosevelt’s intelligence were not present, not only the United States, but the entire world could have ended up differently.
Hoover’s focused on the recovery from World War I; however, the great depression clouded the nation during the rest his Presidency. Even though he, nor the rest of the nation could not foresee the depression, Hoover did indicate the failures of many institutions that could lead to the downfall of an economy recovering from war. Roosevelt addressed the economic crises throughout his speech. Unemployment was a priority and he asks the nation to come together as an army to fight the war against this Great Depression. His plan was to produce more jobs and generate the money to bring the nation up from the ashes.
Franklin Delano Roosevelt was elected in 1933 and gave a promising speech in his inaugural address. In his speech he stated, “A host of unemployed citizens face the grim problems of existence and an equally great number of toils with little return. Only a foolish optimist can deny the dark realities of the moment”(Henretta, Edwards, and Self, America 694). What FDR was saying, in a simpler way, is that there is no good way to look at the situation the nation was in. FDR went before Congress and introduced the New Deal in an attempt to end the depression.
In 1932, when Franklin D. Roosevelt (FDR) took the presidential oath of office, the nation's banking, credit, and industrial systems were in a state of collapse. President Roosevelt proposed a “New Deal”, that if successful, would effectively stabilize the economy and end the country's depression. Several decades later, our nation is once again feeling the devastating effects of profligate spending and inefficient tax cuts. Following the footsteps of another great president, President Barack Obama offered the American people a “new New Deal”. Obama's Stimulus Plan was a series of governmental programs created to put the economy back on its feet and give it a much needed boost.
“The only thing we have to fear is fear itself.” Franklin D. Roosevelt took charge in one of America’s most desperate times. The Great Depression was the fall of a great economic power, and with the fall of this power, our country was in desperate need of a political figure that would step in and help when needed. With the introduction of the New Plan, Roosevelt was able to strengthen the United States’ confidence through a system supporting Relief, Recovery, and Reform. Through Roosevelt’s plan, the Relief was aiding the unemployed and poverty stricken citizens. Recovery was waiting and attempting to help the economy return to the great power it once was, at any means necessary.
“A new deal” needed to happen with a new president. The depression and its’ characteristics helped to define the deal that Americans would receive in 1933 by Franklin Delano Roosevelt. As the Great Depression grew deeper necessities became luxuries. Millions of Americans were freezing in addition to hungry and sick. Fuel was unattainable because it was unaffordable.
It has been said that Hoover called business and asked them to keep their employees and not to lower their pay roles. President Hoover figured that the problem would work its self out. However, the “nationwide unemployment rates rose from 3 percent in 1929 to 23 percent in 1932... ... middle of paper ... ...en believe he had a chance to be reelected he was so unpopular. Moreover, Herbert Hoover’s precipitation in the Great Depression made a great impact in the nation. It is the way it is today because of him.
Soon enough, thousands were migrating to find jobs elsewhere. Eventually when former President Franklin D. Roosevelt was elected into office, he presented America with “The New Deal,” the plan that would save America and bring the nation up and out of the recession. The President in office at the start of the recession was Herbert Hoover. As the beginning signs of the recession started to show through, Hoover was very sure that the hardships would subside. Hoover told the nation that they had, “…passed the worst,” and as it was written by Stephen Feinstein, Hoover believed that, “The economy would sort itself out.” He was proved to be very wrong.