Monday, April 23, 2012

FDR & New Deal

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Racist aspects of the program that "saved" America - TED-Ed > .How Did the Great Depression End? - HiHu > .

1929 Stock Markets Slump & Crash ..

What ended the Great Depression from 1929? The economic crisis kicked off at Black Thursday on October 24, 1929 when the stock market on Wall Street crashed. American president Herbert Hoover had no answer to the crisis. The economic recession became an economic depression. In 1933 Democrat Franklin D. Roosevelt became president and said: “this nation asks for action, and action now.” He had a plan named the New Deal. This was a package of laws for economic and social reforms. Did Roosevelt's New Deal stop the Great Depression?

Franklin Delano Roosevelt was the longest serving President in US history, serving 12 year in office from 1933-1945. He steered the nation through its worst economic crisis, only to be faced with the most horrific war in history. Though facing titanic physical challenges of his own, he imbued America with the indomitable fortitude and sense of morale that was required to spur the nation to victory.

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sī vīs pācem, parā bellum

igitur quī dēsīderat pācem praeparet bellum    therefore, he who desires peace, let him prepare for war sī vīs pācem, parā bellum if you wan...