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The Great Depression
HST/165 Version 2
University of Phoenix Material
The Great Depression
Part 1
Complete the chart by filling in each president’s views on the Great Depression.
Great
Depression
Causes of
the Great
Depression
Herbert Hoover
Franklin Delano Roosevelt
He had the view that the primary cause of the
Considered the banking calling for higher interest rates was
Depression was the imposition of tariffs and taxes by
the cause of the depression.
the government.
Restored the banking system and authorize loans to
General
description
of response
to the
Depression
farmers and businesspeople to prevent bankruptcy.
Beliefs that
guided him
in his
attempt to
solve it
He believed in private and public cooperation and
Closed all the banks in his first 100days until the
government could get control of the situation. Sacked the US
Supreme Court judges who were ruling out of favor of his
Pressured business and companies from laying off
New Deal (Himmelberg, 2001).
workers or reducing wages (Ohanian, 2009).
opposed massive government involvement in the
He was willing to apply government influence to the
weakening economy and regain Americans confidence.
businesses.
Copyright © 2015, 2014, 2011, 2008, 2005, 2004 by University of Phoenix. All rights reserved.
1
The Great Depression
HST/165 Version 2
What he told
Americans
they had to
do to
overcome
the
Depression
What
agencies he
relied on to
provide
relief
Significant
acts passed
during his
presidency
to help end
the
Depression
He said to the Americans to volunteer in controlling
He told the Americans that the only thing they have to fear is
the business sector which was deteriorating will help
fear itself, nameless, unjustified terror and unreasoning.
solve the depression.
He relied on businesses to function well so as to
Relied on the supreme court not to rule against his policies
employ many people. Also relied on the banking
that are why he fired all those judges against his policies and
system to provide loans to the people to practice
appointed new judges who will implement and not question
agriculture so as to find a way out of poverty which
his policies (Ohanian, 2009). He also relied on the Congress
will help in the eradication of the depression
to help solve the banking crisis.
The Reconstruction Finance corporation, Glass-
There was the pass of the New Deal by congress and franklin
Steagall and emergency Relief, Agricultural
to control depression and also franklin directed the closure of
marketing act and Construction acts were passed so as
all the banks until the government be control of the banking
to enable USA end the depression period.
system.
Copyright © 2015, 2014, 2011, 2008, 2005, 2004 by University of Phoenix. All rights reserved.
2
The Great Depression
HST/165 Version 2
Success or
failure of his
program,
and why
His policies and programs failed to achieve success.
The policies and programs were a success in reducing the
Through loans given to the farmers it drove the
depression although world war II enable the end o...