What impact did Theodore Roosevelt have during the Great Dep

What impact did Theodore Roosevelt have during the Great Depression.

Solution

ANSWER:

Franklin D. Roosevelt was a person who besides his charm, intelligence, and strong confidence, he was able to sustain the country through the most overbearing crisis - the Great Depression. In 1932 Americans elected Roosevelt President because they believed he holds the ability to combat the Depression more efficiently than his Republican opponent, President Herbert Hoover. Roosevelt promised a \"new deal\" that he surely delivered. With implementation of numerous innovative policies, FDR was able to pull the United States away from the brink of social, economic, and perhaps even political, disaster—and lay the foundation for future prosperity and stability.

Under FDR, the U.S. federal government assumed powerful and new roles in the country\'s economy, in its corporate life, and in the welfare, health, and citizen’s well-being. In 1935 federal government guaranteed unions the right to bargain and organize collectively and the Fair Labor Standards Act of 1938 maintained a mechanism for putting a floor under wages and a ceiling on hours that continues till today. In 1935 it provided financial aid to the infirm, aged, and unemployed when they could no longer give to themselves. It also helped the agricultural and rural America with price supports and development programs when such sectors were facing difficulty to exist. Finally after 1937, by embracing an activist fiscal policy, the government took responsibility for smoothing out the rough spots in the U.S. economy. Writ large, the New Deal sought to insure that the social, economic, and political gains of U.S. capitalism were distributed more equally among people. The New Deal did it\'s motive task to a remarkable degree. However FDR\'s New Deal failed to cure completely the Depression-induced ills of the U.S. economy