Introduction

Who was the president during the Great Depression?, Hoover right. Do we blame him for americas downfall in the economy that left families bankrupt and out of employement Well we can argue that he did not cause the depression we can blame it on the fact that structural weakness were the first causes for the downturn in 1929, and specific events like massive bank failures and the stock market crash on october 29, 1929. Thats not the topic of selection at hand though, but it does shows relevance. When F.D.R was elected in 1932 he had alot of things to do, he came in believing that the depression was because of big buisness had to much money, and he proposed the NEW DEAL, which was intended as a remedy by empowering labor unions and farmers and by raising taxes on coporate profits. The most popular idea he had was the Regulation of the economy. He also proposed ideas such as Securities and Exchange Commission, Federal Reserve, and Social Security those had had won widespread support from citizens.Do we give him the glory for ending the Great Depression?, thats what im here to research and explain throughly on.