New Deal Dbq

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Recommended: U.S. President Franklin D. Roosevelt's economic response to the Great Depression

The 1920s was a glorious time for Americans and the economy, but that all changed when the Great Depression hit, and the people of the United States were met with a life of unemployment and sadness. The 1920s was a great time for the economy, and there was an increase in buying as well as an increase in the stock market. The stock market was getting stronger, and people were starting to buy shares of companies and businesses. During all of this, the president at the time was Calvin Coolidge, and he had a laissez faire attitude towards business. This means he believed that the government should not interfere and set regulations on business. Even though things seemed great, things were about to get so much worse than anyone could ever imagine. …show more content…

Franklin Roosevelt, and New York Senator, promised relief from the depression, and promised that he could help Americans recover from the depression. He won the 1932 election over Herbert Hoover. Roosevelt wanted to focus on relief, recovery, and reform of the Great Depression. He believed it was the government's job to step in and help Americans recover from the depression. So, he created many solutions and programs to attempt to help the United States get out of the Great Depression. For banks, the first thing he did was create the “bank holiday.” This closed all national banks for 4 days, and during those 4 days, Roosevelt created the Emergency Banking Relief Act to put government regulations on all banks. After 4 days, all the banks reopened. Roosevelt also created the Federal Deposit Insurance Corporation to provide insurance to bank depositors. Roosevelt also focused on business and workers in his programs. He created programs like the Social Security Act, National Recovery Act, National Industry Recovery Act, National Labor Relations Board, Agricultural Adjustment Act, and the Tennessee Valley Authority to provide help and support for workers and businesses. Some of these acts regulated business, provided support for workers by guarenting money if they are hurt on the job, and set prices on products sold by businesses. The final group that Roosevelt helped were the unemployed. Programs like the Civilian Conservation Corps, Public Works Administration, Works Progress Administration, Civil Works Administration, and the National Youth Administration were some of the programs Roosevelt created to help the unemployed and youth. These acts created jobs, created agencies to help people get jobs, and created volunteer work that people could do for money. All of these programs for banks, businesses and workers, and the unemployed worked very

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