Mississippi University For Women Research Paper

Since there were several bills that he vetoed that could have helped hundreds of citizens out the Depression, people no longer liked him. That year Franklin D. Roosevelt (FDR) was elected as president. After taking office in March 1933, FDR declared a nationwide bank standstill, to prevent a bank run. FDR would speak to the public over the radio called fireside chats, where the first ones were about the banking crisis. A new act was passed called the Emergency Banking Act, to try and help the Great Depression. The purpose of the act was to allow the government to see which banks were financially stable and allow those banks to open. The impact was the people started to have faith in the banks again, and slowly started to use them again. FDR actions had helped the people and the nation’s banking crisis was coming to an end. (Great Depression

The Truman Doctrine affected the Cold War by stopping Communists from destroying Europe any further. History.state.gov states, “President Harry S. Truman established that the United States would provide political, military and economic assistance to all democratic nations under threat from external or internal authoritarian forces.” In his speech, he asked Congress to give support to the Greek government and go against the Communists. If the U.S. government failed to help the Greek government, the Communists would continue to damage Europe. The Truman Doctrine affected the Cold War, and another policy that affected the Cold

Two days after taking office, Roosevelt issued a proclamation closing all American banks for four days until Congress could meet in special session to consider banking-reform legislation. So great was the panic about bank failures that the "bank holiday," as the president euphemistically described it, created a general sense of relief. Three days later, Roosevelt sent to Congress the Emergency Banking Act, a generally conservative bill designed primarily to protect the larger banks from being dragged down by the weakness of smaller ones. The bill provided for Treasury Department inspection of all banks before they would be allowed to reopen, for federal assistance to some troubled institutions, and for a thorough reorganization of those in the greatest difficulty.

The day after his inauguration he right away took decisive action by proclaiming a Bank Holiday and on March 9th Congress passes Roosevelt’s Emergency Banking Act, putting brakes on the continuing of collapsing banks. By the the end of the month almost 3 quarters of them had reopened. For the next eight years, the government created a series of projects and programs, known as the New Deal. The New Deal had the overarching goal of restoring dignity and prosperity to many people, and change the federal government. FDR’s bold initiatives likewise set the stage for the growth of American power to superpower

His intent was to calm the public as he addressed them nationally. He advised them of the reasoning and rationale as to why the government made the decision to close all banks. He explained that government’s purpose was to gain an understanding of the banking system and stabilize the banking industry, so that their money would be safe and they could feel secure about their personal finances. He advised them when the banks would be reopened, and most importantly he stressed that only banks supported by the federal government and were deemed to be solvent and were backed by the Federal Reserve Bank would be reopened. He also explained that not all banks would reopened at the same time. The new administration had a daunting task to provide financial security for all of the nation’s banks. He reassured the public that eventually they would have access to their money. He stressed to them that their money was now safer in a bank then stuffed in a mattresses or in a tin can hidden in their yard. FDRs assurance that he was in control combined with his speaking voice calmed a nation that had never experienced anything like the Great

The Truman Doctrine was the impetus for the change in United States foreign policy, from isolationist to internationalists; thus we were drawn into two wars of containment and into world affairs. The Truman Doctrine led to a major change in U.S. foreign policy from its inception - aid to Turkey and Greece - to its indirect influence in Korea and Vietnam. The aftermath of World War II inspired the U.S.

The Truman Doctrine first announced in March 1947 by Harry S. Truman, would essentially give aid to Greece and Turkey, so that they would resist communism. The Soviet Union, saw this as a threat, and looked at it as the United States trying to influence other countries, and turn them away from communism. The second reform that was put into place, was the Marshall Plan on March 30, 1948. Similar to the Truman Doctrine, the Marshall Plan provided aid to countries, western european countries, after the end of the world war, in order for them to rebuild themselves. The Soviet Union was invited to join in the giving of aid to Europe, but they refused. It would have been very easy for these countries to turn to communism and the United States realized this, and

As the result the United State did something to stop communism spreading and so the Truman Doctrine was formed. In 1947, Greece and Turkey were in threat by the Soviet Union and were about to become communist but Truman tells congress for their help so they stabilize their economy by transferring 400 million dollars and preventing them from becoming communist. This showed nations that the United States would do anything to stop communist aggression.

This meant that all the banks were closed for 4 days, and during this time inspectors looked at the accounts of every bank. If the had been managed properly, but had been forced out of business, then the government gave them money to re-open them. The reason this worked was because the people of America kept their savings in the bank. Americans kept their savings in the bank because they had confidence in Roosevelt. He did regular fireside chats on the radio, in which he explained his conduct to the American people, and he ask the people to work with him.

When a new president, Franklin Delano Roosevelt was inaugurated in March 1933, banks in all 48 states had either closed or had placed restrictions on how much money depositors could withdraw. FDR's first act as President was to declare a national "bank holiday" closing the banks for a three-day cooling off period. The most memorable line from the President's speech was directed to the bank crisis – "The only thing we have to fear is fear

The US’ fears were not completely unfounded. As Kennan states in his Long Telegram, “..it [Soviet Communism] has an elaborate and far flung apparatus for exertion of its influence in other countries…” Soon, due to this fear, the Truman Doctrine came into play. The doctrine stated that the US had the ability to give aid to countries threatened by authoritative governments or parties. To avoid sending troops to Greece, the US sent $400 million to Greece and Turkey. The intention of the loans were to build up militaries and repair the economies of the two countries. While on the surface this act may seem like a humanitarian effort, the underlying goals are far more self centered, and are the reason the Truman Doctrine is a form of political containment. The goal of the doctrine was to stop Greece from becoming a communist country. As a Soviet Ambassador to the US, Nikolai Novikov sums up the US’ policy towards the USSR during this period in a quite accurate manner. Novikov summarizes, “The present policy of the American government with regard to the USSR is also directed at limiting or dislodging the influence of the Soviet Union from neighboring countries.” By providing financial aid, the US managed to quell the revolt, and stop Greece’s communist movement. The US achieved the political goal of stopping Greece from becoming a communist nation, and that is what qualifies this as a form of political containment. This act of

Part 1 Military theory after World War II drastically changed for two major reasons: the dropping of Atomic weapons on Japan and what would become known as the Cold War between the USSR and the West. Foreign policy, which became military policy, starting in 1947 is known as the "Truman Doctrine." This began with U.S. support of Greece and Turkey with economic and military aid to prevent those countries from falling under Soviet influence. The policy was written as a response to the events that took place in the Eastern European Theater after World War II. The Soviet Union coopted much of Eastern Europe, ½ of Germany, ½ of Berlin, and believed they needed an even greater buffer zone to protect Russia from the West. Greece and Turkey were logical extensions of this because both had been devastated during WWII and had strong socialist parties. Truman believed that if Greece and Turkey did not receive the aid they needed, they would inevitable fall to Soviet influence. The intended audience was wide: this was a clear message to the Soviet Union; a message to Europe that the U.S. would not tolerate Soviet aggression; a message to the people of Greece and Turkey that the U.S. would side with them; and a message to Congress and the American people that the U.S. would put in a formal policy to prevent the spread of worldwide communism. Post World War II events were top of mind for most Americans; there was a fervent anti-communism movement afoot in the United States, and a clear

Harry Truman’s speech to Congress on March 12, 1947 tailored itself to opposing the spread of communism. The “containment doctrine” announced its efforts to support Greece and Turkey to the tune of “$400,000,000” (Merrill, 222) in economic aid and military assistance, which the latter did not eventually transpire. The plea was made amid Greece’s civil war (1946-49), where as a result of World War II the “Germans had destroyed virtually all the railways, roads, port facilities, communications, and merchant marine…[left] Eighty-five per cent of the children [as] tubercular. Livestock…had almost disappeared…[where] inflation had wiped out practically all savings…[making] economic recovery impossible” (Truman). Truman felt Greece’s political chaos “threatened by the terrorist activities of several thousand armed men, led by Communists” (Truman) and the guerrilla forces controlled by the Greek Communist Party (KKE) warranted the monetary support of the U.S. Greece’s neighbor, Turkey, who received aid during the war from the U.S. and Britain, was confronted with a different situation, yet also required funds “for the purpose of effecting that modernization necessary for the maintenance of its national integrity...[that] is essential to the preservation of order in the Middle East” (Truman) and was becoming an increasingly important region for the U.S. Soviet pressure was placed onto Turkey to open up its shipping lanes in

It was first announced to Congress by President Harry S. Truman on March 12, 1947 and further developed on July 12, 1948 when he pledged to contain Soviet threats to Greece and Turkey. This doctrine, first used in Greece and Turkey in the late 1940s, vowed to provide aid (money & military supplies) to support “free peoples who are resisting outside pressures”. According to Office of the Historian website, by 1950, the U.S. had given $400 million in aid to Greece and Turkey. Truman doctrine opened the way to the United States for the expansion and dominance of the world after World War II. It publicly stated the "mission" of America in "leading the free world against the rise of communism"; facilitating the establishment of military alliances to encircle the Soviet Union and other socialist states; urge allies of the US to have arms race to prepare for a war to destroy the Soviet Union and the socialist

Truman. In 1947, it seemed as if the Soviet Union was ready to attack Greece and Turkey, as the Soviet Union had headed its troops towards the Turkish border (Klee, Cribb, Holdren 206). At the time, Great Britain had been providing aid for both countries, Turkey and Greece. President Truman was informed, from Britain, that the emergency aids have stopped since they could not afford it anymore. The United States, during this period of time, had always seemed to stay out of the way of European conflicts, fights, wars, and problems. President Truman knew that the United States had no choice but to get involved in this conflict within Europe because if don’t get involved then communism would spread and become a greater