How Did Fdr Affect The Economy In The 1930's

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The prosperity of the 1920’s did not prepare the Americans for the depression in the 1930’s. The stock markets crashed on October 29th, 1929 Americans expected president Hoover to help the nation back on its feet. However Hoover maintained a feeling laissez faire. Soon after Franklin Delano Roosevelt was elected president he created many programs to aid in the depression and to get the economy up and running. Although his programs did not have an immediate effect on the economy it created a long-term effect on the rest of American history. Many of Roosevelt programs are still intact today. One program would be the social security act (Doc E). This new program was considered a “jewel” of the new deal for it directed care towards the elderly. People 65 and older were able to receive money from the government. Other programs still around today are the TVA (jobs in the Tennessee valley), SEC (committee that regulates the stock markets) and the FDIC (bank insurance). Roosevelt administrations also sought to help the citizens both economically and socially. FDR alphabet soup programs in the hundred…show more content…
The government changed by being more hands on. some people feared that the government was becoming something like a socialism and communist and also that government involvement would be harmful to society (Doc B). The new deals established a lot of federal agencies which helped federal government expansion (Doc C). Also the new deal increased federal bureaucracy (Doc D). The Keynesian theory which included deficit spending suggested that the new deals were impractical. Also national debt was increased to support the new deal (Doc D). Many people criticized FDR’s programs due the desire for immediate solutions to problems some people who criticized his programs were Huey long and Father Charles E.
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