Essay on Great depression

The Social Security act aided many people with government relief. These 2 acts helped to boost the economy. President Roosevelt’s many daring projects proved to pay off in the end because many people regained jobs. Roosevelt’s New Deal basically ended the great depression altogether because of his many government aid projects and employment agencies.

The Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other interventions can save capitalism from itself. The Great Depression had important consequences and was a devastating event in America, however many good policies and programs became available as a result of the great depression, some of which exist even today.

Franklin D. Roosevelt’s plan helped make the economy get stable through programs that he started, helping create more jobs for the unemployed. He passed bills that helped both the American people and its environment. For example, new roads and bridges were built. Another one of FDR’S efforts to get out of the depression was to enter WWII. Document 6 shows a cartoon of how much was produced for the war and shows Uncle Sam working, too. Overall, FDR’s decision to enter the war was the greatest impact on the Great Depression because they got out of it. Herbert Hoover was a terrible leader in many Americans’ views because they believed he did not do enough for the people and was more supportive toward big businesses. He gave money to the rich so that they would pass it down to the poor but instead the rich got richer and the poor got poorer. Another downfall of Hoover was Hoovervilles. These were a collection of poor people without homes. The name was given as a disgrace to Hoover. In result, FDR was a more favored president during the Great Depression than Hoover.

This act also established the framework for the U.S. welfare system. Another very important act of Roosevelt’s Second New Deal was the National Labor Relations Act, which set up worker’s rights to unionize.

President Theodore Roosevelt, a leader of progressivism was highly in favor for a reform at a national level. He believed it was the governments duty to regulated businesses and improve the life's of the people. While the second industrial revolution brought major industrial achievement it also gave corporate bosses excessive amount of power, which they used to bend political parties to their favor and progressives such as president Wilson hoped to rectify this(Document 2). During this progressive movement many Americans focused on reform the country in ways that would creating a limitation on major business, such as Rockefeller Standard Oil, that used a unfair monopoly system to build their empire, which was damaging the economy. Roosevelt being the first to take signification action on trust-busting, such as passing the Hepburn Act which was enacted in 1906 set a precedent for the power of the federal government. The Hepburn Act set a maximum price for the freight rates on the railroads and it extended the reach of the Interstate Commerce Commission to regulation of pipelines, freight companies, sleeping-car companies, bridges and ferries. During this period the federal government passed an incredible amount of legislation that mainly regulated the problems in the society to provide a greater sense of regulation and protection for the people. Problems such as overbearing freight prices, vile food preparation and inconsistent economic status were issues that needed to be amended. Roosevelt also focused of the conservation of natural resources to help further developed the nation land and it's usefulness(Document 6). Anti-trust acts, Federal Reserve Acts were also established to break trusts to help improve market rates and improve the quality of life for the working class through more regulations on businesses by the federal government. Roosevelt trust-busting helped

Unlike Hoover, FDR was proactive, against rugged individualism and believed in a strong centralized government in order to get out of the deep depression. The programs that FDR initiated through the New Deal are still beneficial and in place to this day. The Social Security Act (SSA) provided checks that ensured the welfare of citizens. This program provided coverage to the disabled, children, adults, and more. Pension is also another aspect that the SSA provided and still provides to the elderly. The SSA provided recovery to many people during the Great Depression and it continues to be used in our society today. Unemployment benefits also originated from FDR’s New Deal and are still available to American citizens today. These forms of government securities benefit the American people and all owe their American benefits to FDR’s forward thinking attitude and his New Deal

Compare and contrast Hoover and Roosevelt’s actions in the aftermath of the Crash of 1929. How did both administrations attempt to deal with the economic stagnation, social hardship and psychological impact of the depression? What needed to be fixed and which approach proved more successful? In your essay you should address not only the underlying economic and social problems that both administrations had to deal with and the various corrective measures they adopted, but also the underlying philosophical approaches of Hoover and Roosevelt and their supporters.

Hoover started creating jobs when the Depression caused Americans to demand public purpose reform, but the public still quickly characterized him as a conservative despite passing some, now considered, liberal legislation. At first Hoover stubbornly held to his belief that government could not and should not try to end the Depression as shown in Document B. In 1930, Hoover remained conservative. He rarely intervened in the economy and

Also Hoover would not, under any circumstances, allow America to be in debt. He thought that taping into the national debt would prolong the depression even make it worse since the government would have to pay interest on the loans. Hoover was a man set on his ways and helped very little with the Depression.

The era of the Great Depression was by far the worst shape the United States had ever been in, both economically and physically. Franklin Roosevelt was elected in 1932 and began to bring relief with his New Deal. In his first 100 days as President, sixteen pieces of legislation were passed by Congress, the most to be passed in a short amount of time. Roosevelt was re-elected twice, and quickly gained the trust of the American people. Many of the New Deal policies helped the United States economy greatly, but some did not. One particularly contradictory act was the Agricultural Adjustment Act, which was later declared unconstitutional by Congress. Many things also stayed very consistent in

The country was going through an ongoing rough depression that the previous President Hoover left in the road for his processor, President Roosevelt. Although not only President Hoover decisions and approval of laws added to the great depression, but the

Franklin roosevelt's contributions to life during his presidency were huge, and had great effects on the people, and the nation itself. Although his new deal didn't end the depression it made things better and his presidency during these times gave America hope and confidence throughout it. Franklin D. Roosevelt marked a substantial turning point in the nations political, economic, social, and cultural life during his presidency. The United States changed in many ways during his presidency by the creation of a new role for the government in the economy, the nature of presidency, and the establishment of the social security act, which is an act that set up a pension system for people who have retired, established unemployment insurance, and created insurance for victims who were involved in work related accidents. This act also provided aid for mothers and children who were in poverty, the blind, and the

Hoover attempted many plans to end the Great Depression. Hoover rested on his belief of “volunteerism” which was a key concept of progressivism. Hoover believed private organized charities were sufficient to meet social welfare needs and was the “American Way”. Progressivism was when you displayed the wrong actions businesses were taking to the public in hopes that the public would make businesses reform their ways. This was a keen reason to why Hoover failed to solve the problems of the Great Depression. The first solution to the Great Depression attempted by Hoover came after the great crash. Hoover received a petition from the president of General Electric, Gerard Swoop, in 1929. It called for series of voluntary wage and price freezes of leading industries in the U.S. in exchange for freezing wages and prices. They asked in return for the government to cover the cost of welfare capitalism; which was an attempt to break the union, by providing benefits to make companies obsolete. They would pay workers 80% when laid off, but when the stock market crashed, they would only give them 20% salary. This was due partially to welfare capitalism. They

Theodore Roosevelt advanced the economy the most with the Hepburn Act, the Sherman Anti-Trust Act, and The “Trustbuster”. The Hepburn Act gave our government more control over railroad shipping rates, which were quickly spiraling out of control thanks to monopolies. (A monopoly is a company that has complete control over a product/service). In fact, the Sherman Anti-Trust Act made it illegal for companies to form monopolies. It was thanks to this that Roosevelt broke up 42 monopolies during

Woodrow Wilson is a reformer. He focused on the reform of the social, political and economic aspect of the United States. He is also the only democratic president between 1897 to 1933. He was known to be progressive. During his first term, the Federal Reserve Act, Clayton Antitrust Act and Federal Farm Loan Act was passed. The Federal Reserve Act created the Federal Reserve System. The system can issue the US dollar. Clayton Antitrust Act is an antitrust law. It protected the customers from the monopoly of the business. It tried to stop the price discrimination and thus stop the monopoly of the business. It took control of the mergers and acquisitions. Federal Farm Loan Act increased the credit for the farmers. Farmers were able to borrow money more easily with a bigger amount. The rate of interest is lower so the farmers could repay the loan easier. It helped the normal citizen to fight against the big companies.