President Franklin Roosevelt And The Great Depression

He took instantaneous actions to address the country’s economic afflictions by publicizing a four day “bank holiday” during which all the banks would be closed so that congress could pass reform legislation and reopen those banks determined to be sound. He also began broadcasting to the public over the radio in a series of talks, which were referred to as the “fireside chats.” These chats went a long way towards reestablishing the confidence of public. He is also known for injecting an unfailing optimism into the politics of America, such as leading the Democrats into the 20th

President Franklin Roosevelt’s “First Fireside Chat” is a reassuring piece that inspired the nation in a time of need using his voice that projected his personal warmth and charm into the nation’s living rooms to explain the banking crisis. He slowly and comprehensibly informed the American people on what has been done and to explain the complex banking system while using rhetorical appeals of ethos, logos, and pathos to effectively restore American faith in the United States government and banking system.

In response to the Great Depression, President Franklin D. Roosevelt authorized a series of economic measures known as the New Deal in the United States between 1933 and 1938. The New Deal concentrated on three major features called the "3 Rs": relief for the unemployed and poor; recovery of the economy to a stable level; and reform of the current economic system to prevent another depression. The New Deal was unsuccessful as it had many shortcomings and failed to improve the state of the nation.

President Franklin D roosevelt had taken office in 1932. The new deal was a set of programs that were made by president roosevelt due to the economic disaster which is best known as the great depression. The main

Once President Franklin Roosevelt was elected during the Great Depression, his first 100 days enacted what he called the New Deal. This “deal” was a series of reforms that were meant to increase available jobs, better the working conditions, and put money back into the economy. Jobs offered during this time, as well as the relief, recovery, and reform efforts gave a kick start to the American economy, helping to pull us out of the Great Depression. Some examples of these efforts can be seen in the Civilian Conservation Corps (CCC), the National Recovery Administration (NRA), and the Social Security Act (SSA).

Much of Roosevelt's success was a result of his cheerful personality. Beginning with his inaugural address- in which he assured the American people that "the only thing we have to fear is fear itself"- he projected an infectious optimism that helped alleviate the growing despair.

In Roosevelt’s inaugural address he declared war on the Depression and asks for an expansion on his powers. When Roosevelt took over the office he summoned Congress to work out his recovery plan. This is a period called the First Hundred Days and contained a program called the First new Deal. Roosevelt started by putting poorly managed banks under control of the Treasury Department and set standards required for someone to start up a bank. This helped people to trust the banking system and caused people to put money into the banking system. Roosevelt also created the FDIC, which guaranteed bank deposits. Roosevelt later started many agencies known as the “alphabet agencies”. Some of which are the AAA, NIRA, PWA, CCC, TVA, SEC. All of the agencies were created to provide government jobs or help out the situation of the low prices of farm product. Roosevelt believed in the idea of experimentation. He thought that the government should always be doing something, and if an idea doesn’t work than it should be replaced with something else. Roosevelt was able to get the American people on his side by informing them what

Rooselvelt won the elecetion by an overwhelming victory, and over the next eight years, worked with the government to institute a series of projects and programs, known collectively as the New Deal put in place to try and restore the economy and Americans faith in it.2 During Roosevelt’s first 100 days in office he attempted to change a lot off the issues going on. The new president first declared a four-day bank holiday to stop people from withdrawing their money from shaky banks and then passed him Emergency Banking Act, which reorganized banks and ones that were insolvent.6 The president also started doing something he called fireside chats where he encouraged people, and in his first attempted to persuade people to put there trust and savings back into the banks, which they followed and within a month over half of all banks had been reopened. In this time the president also ended prohibition, signed the Tennessee valley act to build dams, passed the Agricultural Adjustment Act to stop farmers from overworking land and the National Industrial Recovery Act allowing people to request higher wages and better working conditions. After the completion of his first hundred days Roosevelt then decided to bring in his second hundred days. In this time frame he created the Works Progress Administration to provide jobs for unemployed people, the National Labor Relations Act or Wagner Act to create the National Labor Relations Board that would supervise union elections and prevent unfair treatment of people in working class, and finally created the Social Security act granting the older people in the united states care and projection. Although this may have not ended the great depression right off the bat it allowed for improvement during this time and Americans to but faith back into the

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

The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

Franklin D. Roosevelt was a man who besides his intelligence, charm and strong confidence, he was able to sustain the nation through the most overbearing crisis know as the Great Depression as well as World War II. While managing to stay optimistic, Franklin Roosevelt helped people regain faith in themselves. Despite all the chaos going on at the time, “he was met with that understanding and support of the people themselves which is essential to victory (pg. 90).” He was praised for pushing the government to help those who were underprivileged. This was a new beginning in time for Americans known as the New Deal. He told the country to live by; “The only thing we have to fear, is fear itself (pg 90).” Franklin Roosevelt made a very

One policy would create jobs and another one would increase taxes. Franklin D. Roosevelt hired advisors called the “Brain Trust.” Many of his advisors were graduates from top universities in the United States, such as Harvard, Yale, University of Chicago, and Columbia. All of his advisors were successful in their careers as business people or lawyers, leaving one to wonder why they could not solve the problems of the Great Depression.

Few Presidents have faced situations as troubled as Franklin Delano Roosevelt did when he was elected into office. The economy was in shambles and unemployment was skyrocketing. However, few Presidents have impacted the country as swiftly and effectively as FDR either. He set out to bring an end to the Great Depression, which had been created by fear itself. Undaunted, FDR and Congress, together, were able to pass a whopping 15 major bills in FDR’s first 100 days in office as a part of his New Deal. While each bill was important and extremely impactful in its own respect, the CCC, TVA, and FDIC are, when reflected upon today, considered to be the most successful programs created under these bills.

The Roosevelt name itself, which immediately associated FDR with his remote cousin, President Theodore Roosevelt. This allowed Franklin to be more recognized and have a better influence being related to one of the greatest presidents in U.S history. FDR's actions to fight the effects of the depression in his own state strengthened his place as one of the leading Democratic contenders. Under the guidance of his political advisers James Farley and Louis Howe, FDR gathered support from Democrats around the country, especially in the West and the South. Roosevelt consulted a group of college professors, called the "Brains Trust" for policy advice. The Democratic party was split on two key

President Theodore Roosevelt believed that it was part of his job to communicate with the public to see where they stood and what they wanted, this began with trust busting. There was 2 kinds of businesses a “good trust” and a “bad trust”. Good businesses offered competition