Topic > The New Deal - 1031

Franklin Delano Roosevelt's presidential election in 1932 had raised the nation's hope for an economic recovery. Over three years of relentless hardship had damaged the American psyche. Roosevelt's landslide election victory over former President Herbert Hoover marked a complete rejection of the existing situation and the desire for a new approach to “solve the national economic crisis” (Hurley). The new president would not disappoint the nation. During his first two terms in office, FDR “pushed legislation through Congress that established a new standard for government intervention in the economy” (wm.edu). The change it brought to the nation was dramatic, and the plan would create a lasting impact that would benefit the country for years to come. Although the New Deal did not end the Great Depression, it succeeded in rebuilding the nation's public trust in the banking system and in developing new programs that brought relief to millions of Americans. During the time of President FDR's first inauguration, the Great Depression was at its darkest. The unemployment rate in the United States has reached nearly 25%, with more than 11 million unemployed. Several million people lost their life savings after thousands of banks closed their doors. The nation was filled with fear, anger and despair. During his inaugural address in March 1933, President Roosevelt states in his first and eternal phrase that “the only thing we have to fear is fear itself.” This was a call to fight the Great Depression, especially high unemployment, economic contraction, and desperation for a better future. After taking office, President Roosevelt outlined a plan to restore America's faith in the national center. of the document ......ide Chat (7 May 1933), http://newdeal.feri.org/texts/380.htm. New Deal Network, http://newdeal.feri.org (January 1, 1998). Roosevelt, Franklin D., “Review of the Achievements of the Seventy-thread Congress,” Fireside Chat (June 28, 1934), http: // newdeal.feri.org/texts/383.htm. New Deal Network, http://newdeal.feri.org (January 1, 1998). Roosevelt, Franklin D., “On the Currency Situation,” Fireside Chat (October 22, 1933), http://newdeal.feri. org/texts/382.htm, New Deal Network, http://newdeal.feri.org (January 1, 1998).Allen, Robert S., "Washington Sweatshop," The Nation, vol. 145, No.3, P. 63-64 (July 17, 1937), http://newdeal.feri.org/texts/867.htm, New Deal Network, http://newdeal.feri.org (January 1, 1998).History.com/staff, “New Deal,” History.com. A&E Television Networks, 2009. Web. April 22, 2014…Hurley, Andrew, “Franklin Roosevelt's New Deal” umsl.edu