Topic > FDR New Deal - 1096

Franklin Delano Roosevelt once said, “In our personal ambitions we are individualists. But in our pursuit of economic and political progress as a nation, we all progress or we all fall as one people” (“Herbert Hoover”). This quote highlights FDR's realistic approach to the economic problems plaguing America and the need for a united people in the 1930s. Terrible fiscal conditions and public support significantly helped Roosevelt win the 1932 election, a political turning point in which a Democrat won the presidency, which had previously been dominated by Republicans. Roosevelt got the economy moving again by passing stabilizing banking regulation; his tenure also marked the creation of the New Deal policies, which helped people get back to work. Overall, Roosevelt's presidency during the Great Depression marked the reversal of political parties, the standardization of banking regulation, and New Deal policies such as Social Security and jobs programs, which became entrenched in American society and politics. The 1932 elections were dominated by the Great Depression which paralyzed the structure of American political and social society. People were desperate for a solution to the extreme unemployment that had defeated the hard-working middle class and pushed them to the brink of poverty. Many looked to the government to solve their ever-increasing financial and social problems; unfortunately, the government initially did nothing. The laissez-faire Republican attitude has been to let the economy fix itself with little or no government interference. President Herbert Hoover later realized that this position did not help the United States. He then expanded public works and sponsored the Reconstruction Finance Corporation which lent money to banks, industries, and state and local governments (Boller 231). His actions were simply too little, too late. THE