preview

Franklin Delano Roosevelt Was The Cause Of The Great Depression

Decent Essays
The Roaring Twenties was the time that reshaped the lives of millions of people throughout the nation. The chief driver of this tragedy was the Great Depression, was a tremendous drop in the economy that originally began with the crash of stock-market in 1929. Thus led to millions of people left without jobs, bank failures, over-production, and farmers crops rotting. In spite of that, people claimed that it was Herbert Hoover's fault for the drop of the economy. In fact, Boyer and Stuckey (2003), wrote, “ Hoover agreed that the way to economic recovery was through individual effort and not from government assistance (p. 456 ) . “ In effect, when Franklin Delano Roosevelt became president, Roosevelt quickly took action and helped start the economy…show more content…
To put it another way, 12,830,00 were unemployed in 1933 (Carter, Jimmy). On the contrary, if those who worked, they had extremely small wages. Nonetheless, millions of people were migrating across the nation to seek for food or jobs. Especially in 1930-36, More than a million acres of farmland were rendered useless in the Southwest and Midwest, of course hundreds of thousands of farmers joined the ranks of unemployed ( “Causes of the Great Depression” 2016.) . Oakies, migrant agricultural workers from Oklahoma, were migrating the west, few found jobs. Since there were no jobs available, families often couldn’t afford for food. For example, Boyer and Stuckey (2003) wrote, “ Poverty-stricken men and women waited in bread lines for bowls of soup and pieces of bread given out by charitable organizations (p. 450).” People leaving homes due to payments of rents moved to Shantytowns, makeshift shelters. This also made families fall apart. Shantytowns were also called Hoovervilles, because they were blaming an unresponsive president for their plight. To end that, percentage of unemployment remained…show more content…
Since they were a lot of bank failures, people started withdrawing from the bank. Franklin D. Roosevelt belief to stop this was by establishing a Bank Holiday. Also, by fireside chats, using the radio by encouraging Americans to deposit their money in the newly opened banks ( The First New Deal: 1933-1934, 2016). Not only was the bank failing, but also people's life savings were being lossed. The effect of bank failures towards families were devastating. Moreover, Luhr, Eileen and Wemmer, Adam ( 2005) wrote about a question that a man asked, “I served in the army during WWI, and the stock market crash wiped out all of my savings. What will the government do to help me and my family?” The new deal established the Social Security act for those unable to work, correspondingly to the disable or elders. For example, the government knew a change should be made when the bonus army marched on Washington D.C.. in 1932. Bonus army consisted of group of WWI veterans, demanding the immediate payment of their pension bonuses. As can be seen, even veterans who served for the country were unable to support for their
Get Access