By Langston Bowles-Fulmore

FRANKLIN D. ROOSEVELT THE NEW DEAL

In the early 1930 The Great Depression Started.As you all may know The Great Depression was a time

period when the stock market was crashing and hundreds of thousands of people where being laid off. Corporation

going out of business.This is a chart from 1920 up until 1940 and as u can see in 1933 the numbers of employees dropped a great deal and

that’s because The Great Depression hit us the hardest that year.

THE HISTORICAL EVENT

As I stated before the crisis is The Great Depression.The country’s that were involved in The Great Depression other than the United States were Canada, The Caribbean

Islands, Australia, New Zealand, Asia and Europe.But the heart of the problem was right here in the good old

USA.Some people say The Great Depression started in the early 1930’s while other people say it started in late 1929. Either

way they are write.However none of that matters because it didn’t actually take effect until 1933 when big banks were starting to go out of business not to even considering that nine years earlier the

roaring twenties was going on and the U.S hadn’t even recovered from that completely.

BACKGROUND TO THE CRISIS

Well since 1933 was the first part of president Franklins term he decided that he should start basic and get more

complex later and the first thing he could do was make the FDIC( Federal Deposit Insurance Corporation) program so that anyone with a bank account whose bank was going out

of business would not lose any money. Also he could just close all the banks until after his

emergency bank act was passed. However do to President Franklin’s brains he also came up

with the idea of combining small banks to one big bank.(these options were thought of in 1933)

 

WHAT ARE THE OPTIONS

In the end president franklin performed all of the above and then some.

Unfortunately it took two months for president franklin to come up with these ideas however when he went to the

congress to consult them all of them agreed with him and all of the laws and acts that Mr. Franklin came up with

were all passed in the same day.He also stop all mining projects that were looking for gold

and because of this anyone who owned any gold had to trade it in for American money because gold was no longer a part of the American currency.( these decision were made

during 1934 – 1936)

THE DECISION

President Franklin rejected the advice of Morgenthau to cut spending and decided big business were trying to ruin the New

Deal by causing another depression that voters would react against by voting Republican.

So because of this the president appointed Robert Jackson as the aggressive new director of the antitrust division of the Justice

Department, but this effort lost its effectiveness once World War II began and big business was urgently needed to produce war

supplies.(All of this is going on during 1937-1940)The Depression continued with letting up until the U.S. entered

World War II in December 1941. After we entered world war two the great depression ended do to a lot of people being in the

draft for the army it mad it easier on the economy and companies to pay their employees.

 

THE RESULT

The whole event effected America there really isn’t one part you could single out.

If I were president I don’t know if I would have done the same things president franklin did.

All of America was pleased with the job president franklin did and now if there is every a event like the great depression again at least we will have some type of

knowledge to go off of.However I do agree with everything president Franklin did to get the U.S out of the great depression and some people may argue what he did was completely wrong but I think

there wrong.

HINDSIGHT

http://www.whitehouse.gov/about/presidents/franklindroosevelt

http://www.loc.gov/teachers/classroommaterials/presentationsandactivities/presentations/timeline/depwwii/newdeal/

California's Living New Deal Project

http://en.wikipedia.org/wiki/New_Deal

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