History

Roosevelt : The Ill Equipped Leader

During the Depression , Roosevelt 's support continuously wavered . The Depression was a time of high emotions and concern for the well being of all Americans . While Roosevelt had the right idea and motivation , he was ill equipped to take on the financial crisis in America . Roosevelt 's lack of understanding in finance caused his New Deal to be a failure The President 's limited understanding of inflation and economic recovery was cause for him to make financially unwise decisions for America Roosevelt 's constant wavering support depended

on who was benefiting the most from his plan at any given time

Roosevelt was not elected based on his abilities but more on his character his ability to inspire a crowd . This was not a difficult task when he first took office given the state America was in when he was first elected

There was financial panic in America when President Roosevelt first took office . Banks were forced to close and both conservatives and radicals looked to the government for intervention . Roosevelt was seen as source of the American reenergizing giving Americans ' the push they needed Americans were overjoyed with Roosevelt 's inaugural speech and Congress was more than willing to approve his proposals . While Roosevelt was willing and ready to act on America 's financial crisis , yet he had no comprehensive plan of action this caused him and congressman to put to many plans into action at once (712 . The depression was worsened by this for example the Economy Act , which reduced federal employees wages , also cut veterans ' benefits and thus caused more severe financial problems

The Hundred Days after Roosevelt 's inauguration were fast paced and driven at improving the American way of life by getting Americans out of financial debt . Unemployment and industrial stagnation were the most important concerns to Americans during the Hundred days which is why Americans ' were so eager to side with Roosevelt and his optimistic beliefs

The new legislation was impressive taking such measures as removing the gold standard and establishing the Federal Deposit Insurance Corporation (FDIC . In hopes to help Americans keep their homes , congress approved the Home Owners Loan Corporation (HOLC ) and gave Americans the right to full information on stocks and the regulation investment transactions by the Federal Trade commission . It would seem that the government was working for the people , trying to improve their way of life

In to tackle the problem of unemployment and industrial stagnation the government created a relief fund for the poverty stricken and created a job outlet for young men called the Civilian Conservation Corps . Measures were taken to create a more stimulating industry , such as the National Industrial Recovery Act (NIRA giving industry employees a secure work environment with consistent minimum pay and hours , as well as the right to use union or other representatives for fair working conditions . Business codes were supervised by the newly formed National Recovery Administration (NRA . This , along with the NIRA , caused problems for...