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The Impacts Of President Roosevelt And The Great Depression

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The Great Depression was a severe worldwide economic crisis lasting from 1929 to the early 1940s. The Great Depression deprived its name from a psychological state society submerged in during these tough years. This economic catastrophe almost completely ruined the welfare of the United States in the 1930s, and had terrifyingly devastating effects on American lives all across the country.
During the Great Depression people found it extremely hard to get by even through the day. Many of them lost their previous jobs and subsequently were forced onto the streets as to find a new working place during this time period was close to impossible. Hunger run rampant. Millions of people barely could afford to feed themselves and their families. In every …show more content…

In 1933, in the United States unemployment rate was at 25%, in some cities, that number went as far as 50%, and 80% of banks had gone bankrupt. Roosevelt’s administration introduced to America a series of domestic programs, known as the New Deal, devised to recover the nation from the crisis. The first step of the New Deal was to stabilize the collapsed banking system. Two days into his presidency, on March 6, FDR closed all the banks in the country and announced a four-day bank holiday. On March 9, Congress passed Roosevelt’s Emergency Banking Relief Act, which reorganized the banks and closed the ones that were insolvent [5]. Three days later, Roosevelt addressed the American people in his first fireside chat and reassured them that their money was safe in the banks now. After the convincing statement from the president, people felt more secure in confiding their money to the national banking …show more content…

This act established a national minimum wage and a maximum number of hours for the workweek, set standards for wage and hour record keeping, and forbade the employment of children [9].
The New Deal programs tremendously helped to alleviate hardships of the Great Depression and to restore people’s confidence. It paved the way for many social programs, some of which still exist today. Assistance from the government assured the feeling of security in the future for elderly people and everyone who is necessitous. The New Deal greatly expanded government involvement into everyday economic and social lives of the American citizens. During the New Deal era, Roosevelt worked very hard to bring relief, reform, and recovery to the nation, however, not every of his programs succeeded.
After the bombing of Perl Harbor by Japanese on December 7, 1941, The United States joined World War II effort, which urged American industry to vastly increase, and consequently put an end to the Great

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