Stop The Great Depression

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The Great Depression began in the United States on october 29,1929.This day is known as “black tuesday”. It is the longest downturn the economy has ever faced. And it began when the stock market bubble popped. When this happened in 1929, the banks quickly failed. The poor got poorer and many lost their money because of this devastation to the economy. During this time Herbert Hoover was the president. He did nothing to help the stop this crisis, he simply believed it could solve it self and the course and recovery will come. However, the depression was more severe than anything they have seen before and lasted for ten years. Soon Franklin D.Roosevelt became president and tired very hard to save the dying economy. He created the The Deal. These attempts from Roosevelt were successful and end the Great Depression.
After World War 1 the united states had many benefits. Soon after factories started producing automobiles,radios, and household appliances.industries boomed with …show more content…

Roosevelt's goals were to give work to the unemployed,reform of business and financial practices and recover the economy. The "first new deal" of 1933 was aimed at short-term recovery program for all the groups which were called "alphabet agencies" (New Deal 2). The Roosevelt Administration supported banking reform laws,emergency relief programs,work programs, agricultural programs, and industrial reform. Some examples of these acts or programs were the agricultural adjustment act, which would protect farmers from price drops. The public works Administration which gave $3.3 billion for public work projects ( New Deal 2) which offered new job opportunities. Soon after came the construction of dams and hydroelectric projects to control flooding and provide electrical power (The Great Depression 1). The permanent jobs program employed 8.5 million people from 1935 to 1943 ( the great

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