The Economic Collapse Of The 1930 S - 1438 Words

The 1930’s was an extremely difficult time for the United States. Our country was suffering from the giant economic collapse that was experienced in October 1929. This catastrophic event marked the beginning of the Great Depression. During the height of the Great Depression, President Theodore Roosevelt was elected. On March 4, 1933 he gave his inaugural address and made it clear that his main mission was to reverse this chaos that had ensued upon the nation. Roosevelt had promised to help solve the country’s problems and his promises were soon labeled â€Å"The New Deal†. This deal was actually a series of bills and reforms to help pull our nation out of the slump that it was in. This was the first time that the American government used†¦show more content†¦On March 9th 1933, Congress signed and passed the Roosevelt Emergency Banking Act. This bill called for the banks who would not be able to recover and sustain to be shut down. For the others, a massi ve facelift in the terms of reorganization. In Theodore Roosevelt’s very first fireside chat, he told the American people that it was safe to use the banks again. In fact, he encouraged the public to put their money back into the banks. By the end of March 1933, more than 75% of the banks were back up and running, which speaks volumes about this individual reforms success. This was great for the future of the country, which made so many Americans happy, but it did absolutely nothing for the thousands of families who had already had their entire life savings robbed from them. In addition, once Roosevelt assisted in getting the bank situation under control, he then turned the governments focus on ratifying the 21st amendment. The 21st amendment was created to repeal the 18th amendment, which was the prohibition of alcohol. By doing this, Roosevelt created a huge stimulation in the economy. Many Americans rejoiced in their born again freedom of drinking alcohol, legally. On the other hand, many Americans felt that alcohol was nothing but trouble and they did not support what Roosevelt was pushing to do. By making alcohol legal again, it