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

Evaluate Roosevelt's Approach to the Great Depression

Extracts from this document...

Introduction

´╗┐Ngozi Burrell Evaluate Roosevelt?s approach to the Great Depression Democratic president Franklin Roosevelt?s approach to the Great Depression was first presented in his inaugural speech, in which he blamed banks and the stock market as the key causes of the Depression when he stated, ??the rulers of the exchange of mankind?s goods have failed?. In contrast to the previous president, Herbert Hoover a Republican, Roosevelt aggressively pursued the Depression through his team of intellectual fellow Ivy Leagues and social workers also known as his ?brain trust?. By the time Roosevelt came into presidency, a quarter of the nation's workforce was jobless and his first 100 days as president were to be his most defining. Through establishing bills, the Emergency Banking Relief Act, the Federal Emergency Relief Act, Glass-Steagall Act, Agricultural Adjustment Act, the New Deal, and much more Roosevelt would make improvements in the economy in many aspects in this ?experimental? approach as well as devastate other perspectives. Roosevelt?s role as a president was greatly judged by his resolution for the Great Depression, and thus issued 15 major bills through Congress that would reshape agriculture, banking, industry, and social welfare as well as calling a special ...read more.

Middle

The "associationalists" wanted to encourage cooperation between business, labor, and government by establishing associations and codes supported by the three parties. The "economic planners," led by Rexford Tugwell, Adolph Berle, and Gardiner Means, wanted to create a system of centralized national planning. In the approach to the mostly affected groups of the Depression, farmers, Roosevelt experimented with numerous different approaches to ease the discomfort of one fifth of American families. As farm incomes fell, farm tenancy soared; two-fifths of all farmers worked on land that they did not own. The New Deal approached the farm problems through rural electrification programs, meaning that for the first time Americans in certain areas would have benefits of electricity and running water. Congress then passed a bill creating the Tennessee Valley Authority (TVA). The TVA was purposed to build 21 dams to generate electricity for thousands of farm families. Roosevelt also signed an executive order for the Rural Electrification Administration (REA), generating power for 35% of American farm families. However, more bills emerged like the Soil Conservation Service, the Farm Credit Administration, Commodity Credit, and Roosevelt's most ambitious farm program, the Agriculture Adjustment Act (AAA). ...read more.

Conclusion

It excluded women, forced inflexible measures on blacks, and offered employment to only a small number of the young people who needed work. Congress also established the National Recovery Administration (NRA) to help recover industry and labor by methods of rational planning. The idea was that representatives of business, labor, and government would establish codes that would set prices, production levels, minimum wages, and maximum hours within each industry. The NRA also supported workers' right to join labor unions. The success was short-lived, due to an ardent leader who alienated many businesspeople along with interference of private sectors, and the drafting of codes that favored larger businesses that led to resentment and those who quipped that the NRA stood for ?National Run-Around?. Roosevelt?s approval of big businesses was due to their knowledge in handling money as well as their experience in handling the economy. This observation thus concludes that his approach to the handling of the Great Depression was a contradiction in his inaugural speech; relying on the revival of banks and sustainability of the large businesses to resuscitate the economy, despite blaming the same two groups for placing America in that position of near destitution. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate History 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 International Baccalaureate History essays

  1. The Congress of Vienna, 1814-1815

    He was inconsistent and too much of an idealist. At one moment, he was a champion of liberalism but at the next, an ambitious imperialist b. Alexander I looked forward to territorial gains and he had an ambition over Poland.

  2. The Great Depression

    Even though they weren't mandatory, the response was outstanding, with well over two-million employers accepting these new standards. Another very important economic reform included in Roosevelt's New Deal was the Farmers' Relief Act. This act tried to help farmers whose main problem was that goods were still being over-produced which in turn was keeping prices and profits low.

  1. The Great Depression Notes

    (wages only grew 2% while productivity grew by 55%) > Corporate profits increased 60% from 1923-1929 while wages and salaries only increased by 11% > Agricultural prices fell because of the minimized demand > 1930, farm population of US was 20% of the total population > 1929, 42% of US

  2. How the Federal Government Failed the Canadian People During the Great Depression

    Voters found Bennett?s promises appealing and he was elected Prime Minister over King. Bennett became wary of the budget short falls by 1932, and cut back severely on federal spending.

  1. Executive Dysfunction: Franklin Delano Roosevelts Health and Effectiveness in His Final Term of Presidency

    This was a very large concern for Roosevelt?s closest associates, who believed there were very logical reasons (Such as Stalin?s well-established tendency to spy on both his associates and his adversaries (Fleming, 2001; Perisco, 2001) and the fact that the previous meeting was held in Tehran, Iran)

  2. The Great Depression in the USA.

    American president Herbert Hoover was convinced that crisis was short-term . From his point of view economy of the USA soon supposed to continue with prospering the same way it did before the collapse . In one of the public speeches president Hoover said to American people : "While the

  1. The Effects of the Great Depression on Canada.

    Sometimes, water was gotten from an outdoor pump. So to save money, districts combined with nearby schools, dropped staff lines, postponed new construction, and increased class size. Some city schools started progressive classrooms. In these classrooms teachers let the students choose what subjects they wanted to learn. Which forced many parents to go against those progressive classrooms.

  2. To begin to understand how the Great Depression came about, it is essential to ...

    Also, Canada's dependence on the U.S. helped to usher the depression to the country. The biggest difference between the two depressions was Canada's wheat drought; wheat had been one Canada's major cash crops and when storms swept across the prairies in 1928, it was impossible for farmers to grow the crop thus making numerous famers go bankrupt.

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