Franklin D. Roosevelt And The Federal Government s...

There are many things that happened in Minnesota and the whole United States in the 1930s. Their were a lot of people out of jobs and scared for the next world war and a new found enemy. By 1933 the value of stock on the New York Stock Exchange was less than a fifth of what it had been at its peak in 1929. Businesses, factories and banks closed their doors. Farm income fell 50 percent. By 1932 one out of every four Americans was unemployed. Eight months before the market crashed the White House struggled to set the industry in motion again. Franklin D. Roosevelt the popular governor of New York during the crisis, argued that the Depression stemmed from the U.S. economy s underlying flaws. President Hoover replied that the economy was fundamentally sound, but had been shaken by the repercussions of a worldwide depression. This argument had clear implication. Hoover depended his argument largely on natural processes of recovery, while Roosevelt used the federal government s authority for experimental remedies.The election resulted in a victory for Roosevelt, who won 22,800,000 votes to Hoover s 15,700,000. In 1933 Franklin Roosevelt brought confidence and optimism to the United States that quickly brought people welcoming his program, known as the New Deal. The New Deal introduced types of social and economic reform. The New Deal preety much pushed out the idea of laissez-faire capitalism. Millions of Americans were out of work by 1933. Hundreds of thousands roamed the