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Franklin D. Roosevelt: The Adverse Effects Of The Great Depression

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The period between 1929 to 1939 marked an epoch of deepest and prolonged economic downturn in the history of United States. United States was hard hit by the impacts of the Great Depression immediately after the stock market crash. The stock prices plummeted leading to panic selling as people struggled to sell their stocks at any prices they could get. There was an immense plunge in consumer spending and investment activities in the country, causing a rise in unemployment level and a sheer decline in industrial output. Due to the adverse effects of this menace on the Americans, the then president, Franklin D. Roosevelt put in place some relief and reforms measures to help control the situation (Badger, (1999). The Great depression that befell

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