Franklin Delano Roosevelt was the 32nd President of United States of America. Roosevelt ruled America between 1933 and 1945. Arguably, Roosevelt was the most admired and popular president of America in the 20th century. Additionally, he is the only American president who had elected for more than two times into the White House. Notably, Roosevelt ruled at a time of worldwide depression since through all his regime there had been the World War II. Roosevelt inherited power when America was facing an economic great depression and it was time of total worldwide war. However, he managed to fix the great depression during his tenure and this is what made him to be an outstanding leader. Roosevelt managed to fix this with his first 100 days of power strategy which he came up with the new deal issue. The new deal was a strategy meant to employ the unemployed, reform the business practices and the recovery of the economy during the great depression.
The Great Depression
Franklin Delano Roosevelt was the 32nd president of the US who is famous for the fixing of the American economic issue within the first 100 days. Notably, Roosevelt’s inauguration into power was in the year 1933. Burg (2009) affirms that at this time, America was suffering a great economic depression with a great percentage of people unemployed. The World War II that was going on had caused the great depression. Arguably, this was the hardest time in the American economy. According to DeGezelle (2007), Roosevelt had to deal with several issues so that America could regain economic strength. Among them, some of the issues that had to be tackled were, to stabilize the banking system that was depreciating, create employment since most people had lost their employment and restore faith in the American economy. Despite criticism, Roosevelt managed to fix these issues with his new deal strategy. As at 1937, America was facing a great comeback in its economy.
The Fixation of the Problems
The American economy was poor and Americans demanded for an immediate action. Regarding the pressure, Roosevelt took immediate actions as soon as the inauguration as the 32nd president was over. He came up with a 100 days program meant to revive the Americas economy. Here are some of the ways he dealt with the issues.
Firstly, Roosevelt managed to put citizens back to work. During the 100days, Roosevelt came up with the Public Works Administration that was to cater for the employment of the Americans. Gitlin (2007) states that the Public Works Administration organized funds and came up with great government projects like schools, hospitals, bridges and government buildings. Notably, between the year of 1933 and 1935 the Public Works Administration managed to build at least 35, 599 projects and spending at least $3.3 billion. According to McElvaine (2008) this was a great achievement by Roosevelt since he managed to create a lot of employment with the projects. By 1937, most of the Americans who had been unemployed were now working and earning better wages.
Secondly, there was trade liberalization. Arguably, the American economist affirmed that protectionist policies were among the things that led to the great depression in America. Miske (2008) confirms that the preceding president had passed the Act in 1930 and Roosevelt condemned it during his campaigns. As soon as Roosevelt entered into power, he liberalized the American trade with other countries and this changed the America era of liberal trade policy that is in practice up to date.
Thirdly, Roosevelt fixed the banking reforms. Initially, America had a strong banking system. However, there was a drastic fall in the banking system as soon as the beginning of the depression. During the depression time, American banks experienced bank runs. People withdrawing all the amounts they had invested since they feared that the banks could be insolvent caused bank runs. Rosen (2006) adds that this was a great failure in the Americas banking system. Notably, 40% of the Americas banks were bankrupt between 1929 and 1933. When Roosevelt entered into power, he went live on radio and addressed the nation on what had caused the bankrupts in the American banks. Roosevelt had a motive of fighting this problem and that is the reason he ordered shutting down of all the banks until they find a lasting solution. According to Theinl (2011) on March the same year, Roosevelt sent an emergency banking act to the Congress and it had passed within the same day. The act stated that all the banks be opened under the supervision of the treasury and be given loans if they needed. Three days after that, almost all the American banks reopened and this benefited the country’s economy.
To sum that up, Franklin Delano Roosevelt was the 32nd United States of Americas president. Roosevelt ruled America between 1933 and 1945. Notably, Roosevelt is famous for the fixing of the America economic issue within the first 100 days. Notably, Roosevelt inauguration into power was in the year 1933. The American economy was poor and the Americans demanded for an immediate action. Regarding the pressure, Roosevelt took immediate actions as soon as the inauguration as the 32nd president was over. Firstly, Roosevelt managed to put the citizens back to work. During the 100days, Roosevelt came up with the Public Works Administration that was to cater for the employment of the Americans. Thirdly, Roosevelt fixed the banking reforms. Initially, America had a strong banking system. However, there was a drastic fall in the banking system as soon as the beginning of the depression.