President Franklin D. Roosevelt’s New Deal Essay -- Franklin D. Roosev

In 1929, The Great Depression seized America. The unsophisticated wallowed for four years in desperation, until a new leader was elected. Franklin Delano Roosevelt came to the presidential term in 1933 focused and with a plan like never before. His so called refreshing Deal was the innovation of policy at the time, and the public responded in turn. The country seemed to be on the steady process to recovery. The twelve years of desperation from 1929 to 1941 changed the face of America today. While kissing away college scholarships and hours at my government-sponsored after-school job, I had a revelation like a concertgoer at the 69 Woodstock (minus the LSD) these two defining periods of American history were simultaneously changing my life despite the eighty years difference in that moment. As we continue on our own path to what we hope will remedy the shards of our shattered American capitalism, I wondered if my faith in President Obamas plan was justified. The similarities bet ween the 2009 recovery and the saucy Deal were immense, and I want my answer through analyzing Franklin D. Roosevelts response to an even greater sparing plight. Economists still debate the true success of the New Deal and the ring impact it had on the country. Franklin D. Roosevelts New Deal policies eventually succeeded in rebuilding the American economy to functionality and its legacy is still proving effective in todays modern economic dilemmas. In the 1920s the united States was on the road to recovery. Having survived World War I and now an completed international powerhouse, the U.S. economy was becoming a lion in homo economics. The American stock commercialize had risen to new heights, and had become a central force in the American economy. However, like a churl with sugar and climbing a tree, this proved to be more of a demon than a blessing. An article published in the New York propagation on March 24, 1929 described the credit frenzy of the decade the publica tion of brokerage accounts had doubled in the past two years 1927-1929. . . . It is preferably true that the people who know the least about the stock food market have made the most money out of it in the concluding few months. Fools who rushed in where wise men feared to tread ran up high gains. (Norris) This article was the doomsday prophecy that soon came true. The stock market suffered through scrapes and scratches in the months th... ...ss, n.d. Web. 9 Dec. 2009. . Grant, James. From Bear to Bull. Wall Street journal Eastern Edition 19 Sept. 2009 W1+. academic Search Premier. EBSCO. Web. 9 Nov. 2009 Lohr, Steve Echoes of 1933?. New York Times Upfront 141.11 (2009) 8. MasterFILE Premier. EBSCO. Web. 9 Nov. 2009 Nicholas, Phil, Jr. THE AGENCY THAT KEPT release THE LATE NEW DEAL SEC AND SHAREHOLDER DEMOCRACY. Journal of insurance History 16.3 (2004) 212-238. America History & Life. EBSCO. Web. 17 Nov. 2009. Norris, Floyd. Looking Back at The Crash of 1929. The New York Times 15 Oct. 1999, web edition ed. Web. 17 Nov. 2009. . Olson, James Stuart. Saving Capitalism The Reconstruction Finance Corporation and the New Deal, 1933-1940. Princeton, N.J. Princeton University Press, 1988. Shlaes, Amity Deal or No Deal? (Cover story). Time 173.26 (2009) 38-42. Academic Search Premier. EBSCO. Web. 17 Nov. 2009. Zagorin, Adam, and Michael Weisskopf. Inside the Breakdown At the SEC. Time 173.9 (2009) 34. MasterFILE Premier. EBSCO. Web. 28 Apr. 2010.