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President Franklin D. Roosevelt's Impact On The Great Depression

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President Franklin D. Roosevelt's Impact On The Great Depression
The stock market crash of 1929 marked the beginning of the Great American Depression. The decrease in consumer spending led to a slowing of production, and many workers were fired from factories as a result. Nearly 4 million Americans were unemployed by 1930. Banks were also suffering. The bank could not meet the demands of people wanting their money back on cash, and by 1933, thousands of banks throughout America had closed. However, the election of 1932 impacted the Great Depression. Newly elected president Franklin D. Roosevelt helped regain the public confidence, rebuild the financial system, and regulate the stock market, and his organizations that he created, including the Federal Deposit Insurance Corporation (FDIC) and Securities Exchange
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