Summary : ' Great Depression '

1445 Words6 Pages
Phillip Durgin
March 10th, 2016
G Block History
Great Depression DBQ As “prosperity 's decade” came to a symbolically harsh and sudden end on Thursday, October 24, 1929, the United States government, led by President Herbert Hoover, was thrown into the unknown. No such downturn had ever presented itself before, which compounded itself with the lack of economic understanding present at the time. Yet it had seemed that the economy was healthy before the crash. Employment was high and inflation was low. Yet these conditions only served as a mirage for many Americans. As industrialists became wealthy using new age technology and selfish business methods, 70 million people lived below the poverty line. Many of these men and women lived in
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Unemployment would skyrocket, coinciding with a massive decrease in industrial production. The country was in shambles, unable to find a way out of its economic woes. The newly elected Franklin D. Roosevelt saw his contemporary Hoover fail to stop the recession with his conservative policies. Believing in "voluntary organization and community service," Hoover feared that federal relief programs would create a culture of dependency. What he did not recognize was that the vast size of the nation 's problems had made the idea of "rugged individualism" inadequate. Roosevelt did not want to repeat the mistakes of the former president, instead believing that he alone must expand executive power while carrying out a policy of experimentation. He would directly lend a hand to the forgotten man, implementing bold and controversial acts in order to spur the economy. Roosevelt, although not quelling the Depression completely, effectively expanded the role of government in order to address his nation’s struggles and provide relief, recovery, and reform for the millions affected by the downturn.
One such example of his efforts to relieve the burdens of the Depressions in rural America was the creation of the Tennessee Valley Authority. Even before this program, The New Deal attacked problems facing those affected by failing industry head on. Rural electrification programs were created, changing life in the country forever, as for the
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