![]() The homeless had seen their homes repossessed and had no option but to live in overcrowded conditions with their families.By 1932, between 1 - 2 million Americans were homeless.People were hungry, and it was a common sight to see breadlines and Soup Kitchens in all of the major towns and cities.People had lost their savings and many were in debt.The stock market had plunged 85% from its high in 1929 During 1929-1931 over 3000 banks had gone bankrupt - over 10% of the nation's total.But he understood the feelings of desperation, dejection and despair that were being experienced by so many of the American people. When FDR came to office he had no great plan or detailed strategy to combat the devastation of the Great Depression. The First Hundred Days FDR: Effects of the Great Depression Hoover had failed to take effective measures to address the problems, was blamed for the depression and was perceived as being insensitive. Republican President Hoover had failed to recognize the severity of the Great Depression and had taken a hard line approach to the crisis. The Great Depression had started with the Wall Street Crash in October 1929. The First Hundred Days FDR: Hoover's Legacy In his first Hundred Days FDR took many reform actions. ![]() The bills enabled new relief programs and 'alphabet soup agencies' to be established such as the AAA, CCC, PWA, NRA, FERA, TVA, SEC, FCS and the FDIC.įranklin D Roosevelt was the 32nd American President who served in office from Mato April 12, 1945. In the first Hundred Days of FDR's presidency many new laws were passed including the Emergency Banking Relief Act, the Glass-Steagall Act, Agricultural Adjustment Act and the Securities Act of 1933. When FDR came to office over 12 million people were unemployed (25% of the population) and over 1 million were homeless. The combination of the relief programs would later be collectively referred to as the First New Deal for Relief, Recovery and Reform. In an incredibly short period of time, from March 9 and June 16, 1933, FDR initiated a series of major actions and reforms that were taken in an attempt to relieve the disastrous effects of the Great Depression. Summary and Definition: The first Hundred Days of FDR's presidency was extremely important to the new Democrat President and the nation. Definition and Summary of the Hundred Days FDR
0 Comments
Leave a Reply. |