Franklin D. Roosevelt 's Impact On The United States Essay

2017 Words Mar 23rd, 2016 9 Pages
Life in the United States in the 1920’s was a time where the wealth gap expanded extensively and companies increased in value without physically growing in production. The 1930’s began with a natural recession in the economic cycle, however, due an unfortunate series of events, this recession slid further into a depression. Multiple European banks failed, leaving the U.S. out of hundreds of millions of dollars, new technology and international competition led to overproduction in multiple industries, and eighty percent of the population had no life savings due to many buying stocks on margin. Five percent of the population accounting for a third of all total wealth led to a consumer economy where only few could consume. President Herbert Hoover understood this economic cycle and advised Americans to leave their money in banks as the depression would pass. Sadly, the everyday citizen ignored this message, banks around the world continued to fail, and President Hoover was blamed for the deepening depression. His successor, Franklin D. Roosevelt had a drastically different approach to the problem which only made the problem worse. The problem seemed to fade away with the start to World War II, and, for the most part, historians have credited Roosevelt with ending the depression. Franklin D. Roosevelt had an untenable legislative plan to solve the Great Depression while his predecessor, Herbert Hoover, had a more realistic and long-term strategy. This is evident through, FDR’s…

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