How Did Roosevelt Solve the 1930s Usa Economic Crisis

When F.D. Roosevelt came to power, he faced one of the hardest presidencies in history. Following the economic boom of the 1920’s, America was thrown into turmoil after the Wall Street Crash in 1929. Overproduction and debt were the main problems. In the cities, expensive goods such as cars, fridges and radios were being manufactured at an overwhelming rate. In the countryside, farming was made easier by technology so farmers over produced goods, to increase profit, but the result of this was that prices were driven down by a fall in demand. Now farmers faced bankruptcy. The banks also had a crisis on their hands. People had been investing during the boom and making huge amounts of profit. A lot of this was done on credit - people†¦show more content†¦Exporting would have been a good way of increasing demand, but unfortunately it was not exploited. Discrimination and prejudice were a huge problem in America’s society. Racism practically ruled the streets. Whites thought nothing of blacks, and they had almost no civil rights. Mobs would lynch blacks for crimes they didn’t commit, and the police would do nothing. Most black families lived in poverty. This was another big problem, the rich/poor divide in America. You were either working class white or black and poor, or white and rich. There were few in-between, and there were very few wealthy black people. President Roosevelt set up many different agencies to try and solve the problems above. He threw huge amounts of money at these organisations, because he knew that action needed to be taken quickly. They were known by their initials, and named the â€Å"alphabet agencies.† There was success in all of them, although some more than others. One of the main aims of the agencies was to eliminate unemployment, and this was especially targeted by the CCC, the WPA, the CWA and the PWA. It meant that people with no jobs could sign up for a government provided job – short or long term – and generally carry out hard labour for a low wage. This may sound bad, but compared with no job at all it was a life saver for many Americans. It was a success, but without the economy recovering from the disasterShow MoreRelatedThe Main Features of the New Deal Essay1742 Words   |  7 PagesFeatures of the New Deal The New Deals were a series of Acts and schemes which Roosevelt hoped would pull America out of the depression. Roosevelt decided to tackle the economic problems before he did anything else because he knew that a strong and reliable money system would build up confidence in the Americans, which would act as a foundation for the American economy. 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Dowden Philosophy Department California State University Sacramento Sacramento, CA 95819 USA ii iii Preface Copyright  © 2011-14 by Bradley H. Dowden This book Logical Reasoning by Bradley H. Dowden is licensed under a Creative Commons AttributionNonCommercial-NoDerivs 3.0 Unported License. That is, you are free to share, copy, distribute, store, and transmit all or any part of the work under the following conditions: