Franklin D. Roosevelt's Response To The Great Depression

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Task 4

A. In 1928, there was a prediction by Herbert Hoover, that the United States would soon achieve the “final triumph over poverty.” Instead of this, the States was heading towards one of the worst times people were not ready for. The stock Market took a turn for the deep end and crashed which took the states into the longest economic crisis in history. People along with businesses were devastated, because they had put their money into stocks. The Bull Market of the 1920s, many people bought their stocks on margin and people lost their down payments and still had to pay the stockholder the price borrowed to pay the stock. Without people investing, businesses could not grow and some banks unbeknownst to their clients, invested their money …show more content…

While this was happening, the drought created trouble for the farmers who tried to make money from their crops and they could not create products fast enough to make money. Even though Hoover predicted the opposite of this Great Depression, people were not happy with him and they started to tur their backs on him as president, because he was not being hands on with involving the government. (Norton, …show more content…

There were many more than three ways that the New Deal sought to address the Great Depression. Franklin D. Roosevelt, took office in 1933, he tried to stabilize the economy and provide jobs to those who were suffering, after the president before him did not as much as he should have. He wanted to kick start the economy in a way that has never been done before. People could not trust, this depression messed with peoples’ minds and this New Deal was to help people get back into the normal ways of life. FDR was liked by many and Congress passed the New Deal. FDR created the New Deal and they included, Relief, Recovery and Reform. He used relief by forming multiple programs such as the Civilian Conservation Corps (CCC), which Hired unemployed single men between the ages of 18-25 for $1 a day to plant trees and build bridges and parks. The Federal Emergency Relief Act (FERA), which gave federal money to state and local agency to distribute to the unemployed. The Works Progress Administration (WPA) was another example of relief, because it put jobless people to work building schools, parks and playgrounds. (Davidson & Stoff, 2003) The Recovery part of the New Deal Programs included four recovery programs. The National Recovery Administration (NRA), Public Works Administration (PWA), Agricultural Adjustment Act, (AAA) and the Tennessee Valley Authority (TVA). The NRA, Enforced codes that regulated wages, prices, and working conditions. PWA was when Built ports in Texas, schools

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