• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

The New Deal and the wall street crash

Extracts from this document...


New Deal Wall Street crash severally affected the U.S economy, immediately after the crash there was down turns in spending, which in turn lead to the closing down of many factories and farms. Those who had borrowed money to by shares in the first place had no money to pay the bank back, which soon lead o the closing of hundreds of banks all over America, in 1929 659 banks failed, in 1930 1352 banks failed and in December 1930 the United States bank in New York went bankrupt. This caused panic all over the U.S and everyone no longer trusted banks, people started to withdraw all of their money and store them in safety deposit boxes or at home, this lead to a further 2294 banks to go bankrupt in 1931. People were no longer spending money. ...read more.


promising action which he knew was what the U.S people wanted from their government, he had plans to use public money to get people back to work, as being the governor of New York he had already started doing this in his own state, and unlike Hoover Roosevelt was not afraid to ask for advise on important issues from experts in that area. He went on a 20,800km campaign on which he gave a large number of speeches which in turn lead to him winning the vote by 7million. In one of his campaign speeches Roosevelt stated 'I Pledge myself' this promise showed that he truly did care about the American people. He is giving himself to the country. This was much different to Hoovers approach as Hoover did not do everything in his power to help his nation because he had too much pride to admit he was wrong or to ask for help. ...read more.


come from Europe when in actual fact they had come from U.S.A, 'despair', is the desperation of all people in America who are scrounging for food, water, clothes and somewhere to live, finally by 'with confidence we accept' Roosevelt was showing his confidence and the enthusiasm he has to get America back on its feet and shows his determination to do it. The tree main reasons why Roosevelt was elected President were the following; * The previous President Hoover had done nothing at all to help the situation in America therefore the people wanted someone who would save them. * The depression. If this had not happened then the people of America would have being fine with President Hoover as he was just letting everyone get on with it. * His personality. Roosevelt was always very energetic and always full of confidence which people were looking for in a president as it gave them security. Kellie Moore-Mulveen ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE History Projects section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE History Projects essays


    However, if the price kept rising inexplicably because of the demand, it would blow the stock market out of proportion. This was known as a 'mania' because people were buying large volumes of shares anticipating a profit everywhere. They would never keep shares for long and sell them after the price rose considerably.

  2. Cold War, Berlin Wall Crisis-1961

    German Democratic Republic leader Walter Ulbricht suggested building a wall, if the soviets were not going to go to war. On the 13th of August the Soviet and East German response to Kennedy's speech was barbed wire being placed along the 50km dividing East and West Berlin, soon after a

  1. Explain the features of the New Deal.

    (to provide unemployment insurance, old age pensions and to help the sick) and the relief of poverty (to stop the people losing their jobs and property, and to feed the starving). Next was the help given to industry. To do this they introduced two acts/agencies.

  2. Why did Roosevelt win the 1932 elections?

    However when the government wasn't able to provide anything the people resorted to violence. Many farmers destroyed crops to raise prices, as well as destroying their own crops; they also destroyed others, and prevented crops from reaching markets through blockages.

  1. Why did Wall Street Crash in October 1929

    price went down they panicked and tried to sell them as soon as possible. The price of US Steel fell from $292 on 3rd Sept 1929 to $22 on 13th November 1929. According to the New York Times on 24 October 1929 about 2,600,000 shares were sold in the final hour in record decline.

  2. Wall Street Crash

    However, there were also many weaknesses in the American economy which caused the Wall Street Crash such as the republicans attitude towards business, this was a long term cause. President Hoover failed to see the problem with so many monopolies and never intervened with the stock market during its crisis.

  1. Prohibition America

    We get a sense that people supported what he did. They knew it was wrong, but they wanted what he supplied, and that was alcohol. Therefore they must have seen him as a favourable character and not see him an enemy, but as a friend.

  2. Roosevelt's New Deal

    He was an incumbent presiding over the worst economic collapse in the nation's history. His political philosophy, while progressive, depended on voluntary actions to achieve his goals, and this voluntary approach failed to materialize during the trauma of the Depression.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work