Causes and Effect of the Depression
Causes & Effects of the Crash
The depression throughout the nation and the world was the result of a combination of factors that matured during the 1920s. Wages has risen relatively little compared to the large increases in productivity and corporate profits.
While in retrospect it can be seen that the economic decline reached bottom in 1932, complete recovery came only with the beginning of another world war, in 1939.
The Wall Street Crash and the Great Depression
Responding to a Worldwide Depression
Repercussions from the crash on the Wall Street were soon felt in the financial centers of Europe.
Domestic Programs: Too Little, Too Late
By 1931, Hoover was convinced that some government action was needed to pull the U.S. economy out of its doldrums.
Despair and Protest
By 1932, millions of unemployed workers and impoverished farmers were in a state bordering on desperation. Some decided to take direct action to battle the forces that seemed to be crushing them.
The Election of 1932
The depression's worst year, 1932, happened to be a presidential election year. The disheartened Republicans renominated Hoover, who warned that a Democratic victory would only result in worse economic problems.
American Response to the Great Depression
Franklin D. Roosevelt's New Deal
He would dominate the nation and the U.S. government for 12 years and 2 months.
F.D.R: The Man
Following in the footsteps of fellow President Teddy Roosevelt whom was also his relative, FDR first was New York's state legislator and then U.S assistant secretary of the Navy.
The First Hundred Days
Eager to provide leadership, Franklin was sworn into office March 4, 1933. Immediately afterwards congress passed a special hundred day long session.
New Deal Philosophy
In his campaign for president in 1932, Roosevelt offered vague promises but no secure programs.
American History - Part 175 - FDR - First 100 days - Inauguration excerpts
Other Programs of the First New Deal
Congress adjourned briefly after its extraordinary legislative record in the first hundred days of the new deal.
The Second New Deal
The first two years in office for President Roosevelt were spent attempting to deal with one of the three R's: recovery.
Harry Hopkins became the keynote administrator in FDR's administration in which Hopkins headed.
Federal Work Programs for Black Americans Documentary (1930s)
The reform legislation of the second New deal reflected Roosevelt's theory that industrial workers and farmers needed to receive more gov. help than others.
The Social Security Act
SSA created federal insurance programs based upon automatic collection from taxes from the employees throughout peoples working career.
Election of 1936
During Roosevelt's second term in 1936, the economy was still weak and unstable yet there had been improvements made.