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Republican candidate Herbert Hoover was elected president, the people believed him when he said America was the closest its ever been to ending poverty.
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the nations confidence ans stocks fell hard.Shares dropped was 16.4 million. Many were left with huge debts.
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Farmers exhausted the land through overproduction of crops. causing a lot of migration to California.
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as the economic difficulties increased, politics turned against Hoover. Republicans lost control of the House of Representatives. Many started using negatives saying with Hoovers named involved.
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Government employed photographers to document the suffering of those affected
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established high protective tariff, to help farmers and manufacturers against foreign competition but did the opposite. world trade dropped more than 40%
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"one project Hoover approved that made a difference." Using profits from sales of the electric the dam would produce. Gave Americans hope
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Attempts to relieve the depression involved negotiating agreements among private entities, reflecting his belief is a small government. tried to prop up banks, using National Credit Corporation helped by loaning money to smaller banks. Also Hoover signed into law the Federal Home Loan Bank Act, this lowered mortgage rates for homeowners help avoid foreclosure.
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Showed that Americans were more than ready for a change. People were suffering from lack of work, food, and hope. Democrat Franklin Delano Roosevelt, FDR, won with an overwhelming victory. he had a "can-do" attitude, friendliness, and confidence the voters liked.
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Phrase taken from a speech from Roosevelt's campaign. Focused on three things: relief for the needy economics recovery, and financial reform.
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The Hundred Days: The Roosevelt administration launching a period of intense activity. Passed more than 15 major pieces of the New Deal. Expanded the federals government's role in the nations economy.
The Second Hundred Days: The Roosevelt administration looking for ways to build on the programs established before. The economy had been improving, but unemployment stilled remained high. -
Due to FDR and the New Deal the economy began to rise again, and unemployment took a rise as well
