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1933
Roosevelt tried to put everything back to normal, by stopping banks to run. He planned to redistribute wealth from rich to poor but others didn't want it that way so a group of millionaire tried to overthrow him but they didn't succeed because of the congress GNP is slowly getting back to normal, while unemployment rate still continues to rise up. -
1934
The congress wanted to create the Federal Communications Commission, and two other things for maintaining fair, protecting and labor management. Meanwhile, GNP is continuously rising slightly and unemployment has started to decrease. It would have been so difficult to recover from the Great Depression, but Sweden was the first one to succeed. -
1935
The supreme court didn't allow the National Recovery Administration to happen. The congress was still creating agencies for labor concerns or protection, and passing some Acts during the whole year. While the economic recovery is going on successfully, -
1936
Economic recovery was going pretty well but tax rate raised 79%. -
1937
The National Relation Boards are banned in the country. Roosevelt plans to remove or loosen restrictions on Supreme Court, but he failed. During this period, Roosevelt was actually struggling about their budget and cuts. -
1938
Roosevelt became weak in power, he lost so much power for liberalizing the Supreme court. Unemployment starts to increase and GNP falls to quite a huge percent. -
1939
United States begins to borrow $1 billion and spend it to build armed forces.
Depression had started to end worldwide. But Roosevelt was still worrying about the unbalanced budget, knowing how it became the cause of having to go back into recession in the country.
World War II starts with Hitler. -
1940
U.S. was there in the war sending soldiers to Britain. The involvement in the war changes the unemployment rate. Roosevelt increased the defense budget and raised the top income tax rate. -
1941
Roosevelt began his third term.
The economy grew 17.7 percent, unemployment falls to 9.9 percent, and prices rose 9.9 percent. The debt grew to $58 billion. In total, Roosevelt created the greatest percent increase in U.S. debt by president.
