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Franklin D. Roosevelt's Response To The Great Depression

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Franklin D. Roosevelt's Response To The Great Depression
The Great Depression affected America from 1929 to 1940 caused collectively by long-term overproduction, speculation, buying on margin, shaky banking methods, tariffs on international trade. The trigger event, however, that aggravated the impacts of the Great Depression on America's economy was the Wall Street Crash. American citizens lost confidence in Hoover's laissez-faire policies where 100,000 businesses had failed, and American citizens were left to tramp the streets looking for jobs while suffering from a lack of shelter and malnourishment. Consequently, Hoover's antithesis, Franklin D. Roosevelt, was elected in 1932. Roosevelt's morals were greatly influenced by his volunteering experiences in Groton Prep as well as being crippled by polio wherein he had first-hand encounters with the sufferings of ordinary Americans. As he firmly believed that the government should be responsible for both the people and economy, FDR and his "Brain Trust" implemented a series of federal programs in response to the Depression collectively known as the New Deal which had three aims: relief, recovery, and reform. …show more content…
Within each aim, we will contrast both the significant and insignificant aspects of the Alphabet Agencies - an example being the relief provided in terms of employment opportunities which, unfortunately, was prioritized towards white citizens - in order to reach an overall conclusion on the significance of the New
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