-
Essay / The Great Depression and the New Deal - 986
Great DepressionThe Great Depression and the New DealIn response to the stock market crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous president, Hubert Hoover. . Hoover let the country fall into a state of complete depression with his little concern over the major economic problems that were occurring. FDR began to show major and immediate improvements, thanks to his exceptional actions during the First Hundred Days. He declared the holiday and implemented New Deal policies. Hoover, on the other hand; allowed the United States to fall into depression, giving Americans the power to resent him. Although he did his best to improve the state of the economy during the Depression and "swell the well" for the economy, he ultimately accepted that the Great Depression was inevitable. The Great Depression was by no means the only depression the country had ever experienced, but it was one of the worst economic crises in the United States. As for North America and the United States, the Great Depression was the worst it had ever seen. Besides North America, the Great Depression greatly affected Europe and other countries around the world during the 1920s and 1930s. The Great Depression was caused by the collapse of the stock market, which occurred in October 1929. The crash depleted approximately forty percent of the paper value of common stock. This was the worst depression, because at the time of the Great Depression, government involvement in the economy was higher than it had ever been. A single government agency was created exclusively to prevent depressions and the problems that arise from them, for example bank runs. Everyone... middle of paper... no longer had savings to live on. The New Deal program improved the lives of Americans during the Great Depression and changed the role of the federal government. Most historians agree that the New Deal helped alleviate many of the problems of the Great Depression and is believed to have ended the Great Depression. The stock market crash of 1929 caused the Great Depression, allowing Herbert Hoover and Franklin D. Roosevelt to take action as president. Hoover, however, did much less than FDR. Roosevelt was fully prepared to act upon taking office, unlike Herbert Hoover, who was described as an "inactive" president. Fortunately, through the efforts of Roosevelt, his holidays, and the New Deal, the United States was brought out of the Depression and the federal government became much more involved in people's daily economic and social lives..