ANALYSIS OF FDR’S INAUGURAL SPEECH During the time of President ’s Roosevelt ’s First Inaugural Address in early 1933‚ the United States was still feeling the horrible shock and disappointments the Great Depression brought about. In addition‚ the rest of the world‚ especially Europe was also suffering from the outcome of the Great Depression‚ since the US immediately demanded that foreign debts be paid. Other world issues included Europe still dealing with the aftermath of World War I in a revolutionary
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While some refer to the 1920s as the return of the Gilded Age‚ it was really the development of the age of credit. With World War I‚ came an economic system of borrowing money with the intention of turning credit into economic growth that would prosper the country. After all‚ this was the example set by the government with their gracious loans to the allies during war time to reap the benefits of war. During the war‚ many areas of the economy prospered‚ especially agriculture‚ because the United
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Calvin Coolidge‚ America’s thirtieth president‚ led Americans in a different way than other presidents. He became president following the sudden death of Warren G. Harding in 1923. Even though Coolidge was a quiet man‚ he was able to effectively lead America into prosperity. Coolidge grew up as a silent and wealthy boy. He was born on July 4‚ 1872‚ in Plymouth Notch‚ Vermont.When Coolidge was twelve years old‚ his mother died. His teenage sister‚ Abigail Grace Coolidge‚ died several years later
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nineteenth amendment for women’s suffrage and the Adjusted Compensation Act to get better pay for veterans. But after the flourish of the 1920s‚ America had to deal with the Great Depression the decade after which received mixed responses from both Hoover and Franklin Roosevelt. But little did the Presidents know that the Great Depression will become a major turning point in American history as the United States government tries to respond to the greatest economic disaster in American history.
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Americans today fear of a multi-billion dollar debt‚ especially since the new president‚ Donald Trump‚ has recently been elected. Sure‚ he may or may not help the economy‚ especially after his wall that he is supposedly going to make Mexico pay for‚ but it will not be as bad as it was in the late 1920’s‚ or‚ at least‚ most hope not. He may put us in a big deficit‚ but the stock market crash of 1929 and the Great Depression was such a horrible decline in monetary value that it still sends shivers
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prices dropped dramatically and continued to fall for the next two weeks. The major impact was that prosperity and consumerism of the 1930a came to an end. The use was going into depression and the confidence of earlier years disappeared. President Hoover became unpopular as he didn’t really believe he should take action. In the short term‚ rich investors lost great deals of money. Whilst‚ poorer investors‚ who had borrowed on the margin’‚ could not repay their loans and thus became bankrupt. After
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authority to levy tariffs to the president and removed it from congress. This act was a step in the right direction which allowed the U.S. to restore their relationships with foreign countries and encourage international trade. In December 1931‚ President Hoover presented a plan of the Reconstruction Finance Corporation. The Reconstruction Finance Corporation was created and congress gave the corporation a beginning capital of $500 million. The Reconstruction Finance Corporation was also able to borrow up
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In spite of the fact that Franklin Roosevelt’s New Deal gave help to a huge number of Americans‚ the New Deal eventually fizzled on the grounds that it didn’t end the Great Depression. The New Deal was basically insufficient to cure the economy of its diseases. As a matter of fact‚ the New Deal was very effective in accomplishing the restricted objective of giving quick help to a huge number of eager‚ destitute‚ and jobless Americans. The Federal Emergency Relief Act‚ for instance‚ reserved about
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The Great Depression was a worldwide economic downturn which started in October of 1929 and lasted through most of the 1930s. It began in the United States and quickly spread to Europe and every part of the world‚ with devastating effects in both industrialized countries and producers of raw materials. International trade declined sharply‚ as did personal incomes‚ tax revenues‚ prices and profits. Cities all around the world were hit hard‚ especially those based on heavy industry. Unemployment and
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“The only thing we have to fear is fear itself (History.com).” At the time of the Great Depression the people were panicked‚ this quote by Franklin D. Roosevelt helped to demonstrate that there was hope left after all the tragic events. Although the Great Depression was a tragic day in history‚ society has been benefitted by making different approaches and laws because of the mistakes that were made during the Great depression‚ electing Franklin D. Roosevelt to which he made new regulations‚ and
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