In October 29 1929 the market collapsed and was known as black Tuesday. Nobody was buying goods and investors withdraw their cash and workers were laid off even though President Hoover’s business plan to maintain production and keep workers on the job at the existing conditions, wages, and hours.2 Banks lost liquidity and had to close their doors and by 1933 there was no banking system. In 1932 Franklin Delano Roosevelt better known as FDR took the presidency with a new vision of government. He had a new deal that no one knew what it was. He believed that capitalist was a sound system but needed to be polished. First he got rid of prohibition and made himself popular for talking on the radio directly to the citizens. His plan was to bring the rich down and make the poor consumers again. A relief for the million unemployed he FDR created programs like the Civilian Conservation Corps (CCC) to give aid the poor. Passed the Warner Act 1935 which supported labor unions and industries were very quickly unionized and the income of working class raised. FDR also confronted the business with the Social Security Act of 1035. I would help the elder and unemployed and will give insurance. After all the new deal had worked and brought the economy to
In October 29 1929 the market collapsed and was known as black Tuesday. Nobody was buying goods and investors withdraw their cash and workers were laid off even though President Hoover’s business plan to maintain production and keep workers on the job at the existing conditions, wages, and hours.2 Banks lost liquidity and had to close their doors and by 1933 there was no banking system. In 1932 Franklin Delano Roosevelt better known as FDR took the presidency with a new vision of government. He had a new deal that no one knew what it was. He believed that capitalist was a sound system but needed to be polished. First he got rid of prohibition and made himself popular for talking on the radio directly to the citizens. His plan was to bring the rich down and make the poor consumers again. A relief for the million unemployed he FDR created programs like the Civilian Conservation Corps (CCC) to give aid the poor. Passed the Warner Act 1935 which supported labor unions and industries were very quickly unionized and the income of working class raised. FDR also confronted the business with the Social Security Act of 1035. I would help the elder and unemployed and will give insurance. After all the new deal had worked and brought the economy to