Roosevelt, AND The FutureWhen the great depression hit America, the country was left in devastation. Due to the Hoover Administration's slow reaction in responding to the depression, many had lost their hope for the future. Then Franklin Roosevelt came up during 1932 elections. During his campaign, Roosevelt found his slogan: "The New Deal," a name that would become a symbol of one of his greatest achievements.Many people had asked, what caused the Great Depression? Some blamed on the Great Crash. Economists say that the Great Crash did damage the economic system in some ways, but it did not necessarily cause the depression. It was the weak economic structure at the time that may have triggered the tumbling down of the economy.Other factors causing the Great Depression includes the over-expansion of businesses to gain more profit. In fact, as businesses over-extended themselves, produced too much products, customers could not keep up with the expansion, since their wages did not increase much. Many desperate customers, wanting to buy "on-time" with their limits income, plunged into the world of credit. Further, the whole economic system was dictated largely by jumbo corporations, the government, most of the time, stayed out of the system.Responding to the Great Depression, President Herbert, during 1931-32 believed that private charities had run out of all funds. Some went bankrupt shortly afterwards. Also, many major cities also went bankrupt. And what they are thinking did not work.Hoover turned to businessmen for answers by promising that they will always maintain full employment, wages, and prices. He then tried lowering the income taxes. Hoover's program to stabilize the agricultural industry, which prompted the sale of farm products through cooperatives. Despite of these programs, however, the people protested against Hoover. They argued that Hoover was too slow in response to the problems.The country was in a total...
