The Strengths And Weaknesses Of Franklin Delano Roosevelt
Franklin Delano Roosevelt, otherwise known as FDR is recognized primarily for the improvements he made during his presidency despite the hardships the country faced throughout the early-mid 1900s. Major events such as Great Depression and World War II created this uneasiness among the people’s trust towards higher authorities with their money which led to issues like a rise of unemployment and banks continuously closing down. In hope to relieve these problems, Roosevelt established The New Deal Program to reassure the people. At times where America is in an economic downfall, it’s people will often be distressed. Since it is hard to rely on anyone but themselves especially if its country when it is not in the best state; which is why they needed a
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The reason for this was that on the spur of the moment it was, of course, impossible to sell perfectly sound assets of a bank and convert them into cash except at panic prices far below their real value.” Roosevelt claims that this event was inevitable because of fear since often people were hesitant about putting money into the bank. Since many people would take their money out a the same time, it disrupts the purpose of a bank. A bank's use is like a cycle; it begins with the people giving in money, which will be used to provide loans, that is used to invest in projects that get taxed. Consequently, the bank earns money. The bank is not the only ones benefitting because whenever the people put money in the bank, they collect interest, as society develops. But if everyone takes out their savings while parts of it are used to invest in projects then the bank will go bankrupt which messes up our economic construct. As president to repair this epidemic of fear, he plans to reopen banks slowly
The reason for this was that on the spur of the moment it was, of course, impossible to sell perfectly sound assets of a bank and convert them into cash except at panic prices far below their real value.” Roosevelt claims that this event was inevitable because of fear since often people were hesitant about putting money into the bank. Since many people would take their money out a the same time, it disrupts the purpose of a bank. A bank's use is like a cycle; it begins with the people giving in money, which will be used to provide loans, that is used to invest in projects that get taxed. Consequently, the bank earns money. The bank is not the only ones benefitting because whenever the people put money in the bank, they collect interest, as society develops. But if everyone takes out their savings while parts of it are used to invest in projects then the bank will go bankrupt which messes up our economic construct. As president to repair this epidemic of fear, he plans to reopen banks slowly