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| Source:Guardian Mary Silver- from a film about the Great Depression. Perhaps a left-wing propaganda film. |
Source:FreeState MD
“AP US History Assignment.
7th Hour
Great Depression/Unemployment
By: Riah Countryman, Kevin Islas, and Hector Mirelez”
From Guardian Mary Silver
“President Franklin D. Roosevelt, who took office in early 1933, would become the only president in American history to be elected to four consecutive terms. He would lead his nation through two of the greatest crises in its history—the Great Depression of the 1930s and World War II (1939-45)—and would exponentially expand the role of the federal government through his New Deal reform program and its legacy. From March 1933 to June 1944, Roosevelt addressed the American people in some 30 speeches broadcast via radio, speaking on a variety of topics from banking to unemployment to fighting fascism in Europe. Millions of people found comfort and renewed confidence in these speeches, which became known as the “fireside chats.”
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| Source:History- Franklin D. Roosevelt (Democrat, New York) President of the United States (1933-45) |
From History
The fact that President Franklin Roosevelt was speaking about a recession in America in 1938, is pretty good evidence that five years after becoming President of the United States, that we were still not out of the Great Depression yet.
The economy was getting better in 1938, but we slipped back into recession in 1936 or 37. We were still looking 20-25% official unemployment. Maybe half of the country living in poverty. By the time the United States got involved in World War II in 1941-42, we were still dealing with the Depression, Recession and high unemployment. And it was really World War II that moved the country to full-recovery from the Great Depression. With all the money that was spent financing our involvement in that War.
What the New Deal deserves credit for, is establishing a public safety net that the country could turn too, when they are unemployed, or don’t have a large enough retirement account, to protect people’s savings in banks. And the New Deal did put some unemployed workers back to work through infrastructure investment.
But the Great Depression was so deep which is why it was labeled the Great Depression with so many people losing all of their money and jobs at the same time. With so many banks and business’s all failing at once. What the New Deal did was help sustain the country through the Great Depression, so things couldn’t get worse, but it didn’t bring us out of it.
It was World War II that brought the United States out of the Great Depression and back to prosperity and an economic power, as well as a world power, where we’ve remained ever since with the millions of people it employed, either in the Defense Department, or working with private contractors that did business with DOD. Making all of our equipment and the American auto industry did very well during World War II making all of those tanks And President Roosevelt deserves a lot of credit for this as well.
The New Deal, served as a buffer from the Great Depression. Put in the floor that the American economy could cash on and buy it time to recover. But it didn’t get us out of it and back to full-recovery.
