https://www.history.com/topics/great-depression/great-depression-history#section_4
Hoover, a Republican who had formerly served as U.S. secretary of commerce, believed that government should not directly intervene in the economy, and that it did not have the responsibility to create jobs or provide economic relief for its citizens.
In 1932, however, with the country mired in the depths of the Great Depression and some 15 million people (more than 20 percent of the U.S. population at the time) unemployed, Democrat Franklin D. Roosevelt won an overwhelming victory in the presidential election.
By Inauguration Day (March 4, 1933), every U.S. state had ordered all remaining banks to close at the end of the fourth wave of banking panics, and the U.S. Treasury didn’t have enough cash to pay all government workers. Nonetheless, FDR (as he was known) projected a calm energy and optimism, famously declaring "the only thing we have to fear is fear itself.”
First line says it all.
reply
share
TriumphReq (1857)
4 years ago
Very nice. And as you probably know there was an environmental crisis exacerbating the situation known as the Great Dust Bowl created by poor farming techniques which literally was anthropogenic climate change. So one of the things FDR did was created the Civilian Conservation Corps that among other things changed destructive farming habits.
reply
share