Franklin Delano s New Deal Radical - 1405 Words

Was Franklin Delano Roosevelt’s New Deal Radical? The end of the first world war brought about a recession and then nearly a decade of prosperity in the United States. However, on October 29th, 1929, during Herbert Hoover’s presidency, the stock market crashed due to a multitude of problems within the country. At this point, thousands of people that had prospered before the crash, were homeless, jobless, and in a state of penury. In the 1932 election, Franklin Delano Roosevelt ran against the former president, Republican Herbert Hoover, and defeated him in a landslide, receiving the electoral vote in all but six states (Appleby, 651). As Roosevelt was taking office, the unemployment rates were skyrocketing, and more and more people were†¦show more content†¦Reform and reconstruction were represented by new regulations and monetary policies, it stressed the importance of change to make understanding principles of, â€Å"justice and fairness by those in whom lea dership was placed,† and to correct conditions in the economy. (Bolden, 48). Other goals that the New Deal was set to accomplish were: helping the banking industry recover from its failure after the stock market crashed, lowering the unemployment rate from a record high of twenty five percent in 1932, and to restore the hope and confidence of the public. (Appleby, Roosevelt’s New Deal went about all of these in a similar means, but it was condemned and criticized by many for some of the programs that were installed. Enhancing the government was something that the New Deal was able to accomplish, however not without criticism. Through New Deal policies, the government became more powerful than it had previously been, and was now given more of a parental role over certain aspects of the economy. It had been given a much larger role in the stock market, which is still in place today, though it had previously been removed. This role was considered largely controversial by many people, and it continues to be to this day. Without the government’s help in these matters, which was proven in the 2008 recession, the stock market would crash again,