Wall street crash.

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Wall street crash

After the Wall Street Crash in 1933 the American economy collapsed and fell into a state of depression. There were a number of problems in 1933 - all of which stemmed from the slump which followed the Wall Street Crash.

The people in America needed immediate relief. A once strong and prosperous country had been reduced to a country living in poverty and grief. The Americans were not used to this type of life style and they were not prepared for it either. The Americans needed to be rescued from the depression and they needed it immediately. Also because of the depression, millions had lost their jobs and could not find work anywhere else. A solution was needed which would help working men & women . Because of the disastrous consequences that the depression had, welfare schemes were needed as a backup which would prevent and 'cushion´ the effects of future depressions. In the early 1930s, America was in distress and needed urgent help. The person to help America out of the depression and on the way to becoming an economically strong and prosperous society was Franklin Delano Roosevelt.

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President Roosevelt tackled each of the problems through the first and second New Deals. 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. In 1933 Roosevelt proved to the Americans that the promises he made before he was president were not just 'vote winners´ because he started to help straight ...

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