What was the economic situation of the United States in the early 1930's and how did Franklin Roosevelt attempt to deal with the crisis?

Résumé du document

In November 1932, when Franklin Delano Roosevelt was elected president of the United States, the country was facing a severe depression that had started in October 1929 as a result of the Wall Street Stock crash. At the time of the election, the United States faced high unemployment and was suffering from a banking crisis. Roosevelt was elected as president because he promised to restore confidence to get the nation out of the depression. He came from a wealthy New England family. In this childhood, he had suffered from polio. This made him handicapped for the rest of his life. To restore confidence in the minds of the Americans, he employed an economic theory that was developed by the British economist: John Maynard Keynes. We will see how the theory adopted by Roosevelt influenced the nation.

Extraits

[...] Later on, FDR also created the SEC (Security and Exchange Commission) which was (and still is) supposed to regulate the stock markets. In addition to his desire, of having a good economy, FDR wanted a good effective and productive agriculture. He passed the Agriculture Adjustment Administration act (AAA) to tell agricultors to diminish their agricultural productions because the surplus made the prices go down. This was a direct intervention in supply and demand. The Supreme Court judged it illegal but he responded by the Soil Recovery Act that was supposed to fight erosion. [...]

[...] The AFL believed that they should not have one union by industry but members of the AFL did not believe in that strategy so they left the AFL and created the CIO. Because FDR did not want any tensions in the unions, he created the NRLB which created a mediator which would intervene in all big national strikes. With such measures, workers took advantage of the situation and went on strike. These sit-down strikes turned out badly and many workers were killed while opposing police officers. [...]

[...] A part of their salary was given to them and the other part was sent to their families. With the PWA, CWA and CCC, Roosevelt was able to modernize the America industry. He focused on one region in particular: the Tennessee Valley. He created the Tennessee Valley Authority (TVA) which initiated the construction of many dams all along the Tennessee River and her affluents. Those dams allowed a bigger production of electricity and therefore gave millions of people better life quality but also permitted the settlement of industries that needed an enormous quantity of electricity to work. [...]

[...] What was the economic situation of the United States in the early 1930's and how did Franklin Roosevelt attempt to deal with the crisis? In November 1932, when Franklin Delano Roosevelt was elected president of the United States, the country was facing a severe depression that had started in October 1929 with the Wall Street Stock crash. At the time of the election, the United States faced high unemployment and a banking crisis. FDR was elected as president because he promised to restore confidence and get the nation out of the depression. [...]

[...] Townsend was the initiator of the Townsend Plan which inspired the Social Security System. Senator Avey Long who had supported FDR at the beginning of his presidential term attacked him and declared that he believed the government should guarantee at least a homestead of $5000 to every American and an annual wage of $2500. All these opposition and critics appeared in 1935, when the end of the depression was nowhere in sight. Franklin Delano Roosevelt died on 1945. He accomplished the longest presidential term of the United States. [...]