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Didn't Roosevelt prolong the great depression with his policies?
01-25-2013, 01:50 AM
Post: #4
 
No, a few hours after he was elected Roosevelt went to work and signed an act intended to avert a banking disaster by closing all the banks. He then reopened the banks and regulated them which means they were under strict government supervision. Banking regulations continued until George Bush deregulated them and we all know what happened as a result.
Next he developed a program called the New Deal which helped end the Great Depression. The key law of the New Deal was the Social Security Act of 1935 which helped the disabled and the retired. Yet, it was actually designed to help the jobless. The government provided $16 billion dollars to help the jobless. Congress passed a law that recognized the right of workers to form labor unions.

America prospered during WW ll because the war created jobs and American businesses sprung up over night . Those who had jobs had money to spend buying homes, furniture and cars. America prospered because we were number one in manufacturing goods. Now everything is cheap crap made in China. Who ever thought that sending the jobs to China and India was a good idea should given a one way trip to the moon.
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Messages In This Thread
[] - JT - 01-25-2013, 01:50 AM
[] - Joe Finkle - 01-25-2013, 01:50 AM
[] - tigeress - 01-25-2013 01:50 AM
[] - Lois Griffin - 01-25-2013, 01:50 AM
[] - Think 1st - 01-25-2013, 01:50 AM
[] - ChasFact - 01-25-2013, 01:50 AM
[] - Gazeline - 01-25-2013, 01:50 AM

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