President Franklin D. Roosevelt And The Great Depression Essay

President Franklin D. Roosevelt And The Great Depression Essay

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The phrase “use it up, wear it out, make it do or do without” was used in abounding households during the Great Depression. The Great Depression was the most severe and longest depression experienced by anyone ever. It was a total economic slump that began in North America in 1929. Consumer spending and investment declined, causing industrial output to lessen which led to unemployment. When the Great Depression reached its lowest point, almost half of America’s bank had closed and 13 to 15 million people were unemployed. In spite of the fact that the alleviation and change measures set up by President Franklin D. Roosevelt decreased the most exceedingly terrible impacts of the Great Depression in the 1930s, the economy would not completely pivot until after 1939, when World War II kicked American industry into high gear (Nelion; “The Great Depression (1929-1939)”). The Great Depression has bounteous causes, including the stock market crash on October 27, 1929 as well as everyone withdrawing their money from the banks after the stock market crash. Also contributing to the Great Depression was the uneven distribution of wealth in America. Consequently, the Great Depression also had bountiful social effects, along with effects on popular culture.
The first cause of the Great Depression was the crash of the stock market. During the summer of 1929, consumer spending dropped and excess goods began to pile up. At the same time, the prices of stocks continued to increase. Eventually stocks became so high that they wouldn’t match future earnings and investors began selling all their all of their stocks. Approximately 12.9 million shares were sold that day, known as “Black Thursday.” Five days later, almost 16 million more st...


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...“fireside chats’ by making wide use of radio technology (“Social and Cultural Effects of the Depression”; “The Great Depression Causes and Effects”).
The Great Depression finally started to end when World War II began. Many soldiers were being sent off to war while women stayed home and took the men’s jobs in the factories. The Great Depression will forever live on in the hearts of Americans as a time of hope, courage,
and desperation. Some of the many causes of the Great Depression were the falling of the stock market, people withdrawing all their money from their bank, and the extremely unequal distribution of wealth. The effects of these causes are very drastic, changed America, and made our country into the country it is today. Many of the specific effects included birth rates decreasing, crime and prostitution rates increasing and alcoholism rates increasing.

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