FDR is remembered and revered as one of the greatest presidents and is viewed with the likes of Lincoln and JFK for his efforts in trying to stop the down fall the economy faced as a result of the great depression. Roosevelt introduced the new deal which provided many jobs for the American people which boosted the economy. He started by introducing his intentions over 100 days, and he was successful. Franklin Roosevelt lowered the unemployment rate from around 13 million to about 6 hundred thousand.
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The stock market crash of 1929 was due to many inconsistencies, the poor regulation of the banks, people buying on margin, and over production. Banks at this time were lending out vast amounts of loans and would make profit from the interest they gathered. However people would spend their money and invest it and this was a problem for banks because if they lost the money they would be in debt thus the bank would lose money and slowly become in debt, which occurred because they didn't regulate how many loans they were giving out properly. When people bought on maragin they were essentially gambling and would eventually lose causing them and the banks to go into debt. Over production meant things were being made in too much supply and not enough demand so things became cheaper and cheaper not returning money into the economy. I really enjoyed the stock game, it felt good being able to predict if it would go up by listening to the clues, it really revealed the difficulty of being able to tell what would happen next and what to do. When the stock market crashed it was crazy to see how much i could make and how quickly i lost it. It really taught me how hard it would have been to go through that for real and how harsh that would be. In history there have been many changes that have affected the world and its countries. Many countries like the USA have had major events that changed the economy and the peoples lifestyle and standard of living. In the 1920s the United states had faced a roller coaster of events that boosted the economy to record highs and slammed it into record lows. Many social changes that occurred changed how people thought and acted. The introduction of jazz music brought a huge social aspect of diversity as it was new and different and mostly played by black people, it was something different as there was still tension between the "white" and "black" people of America. The introduction and growth of the automobile, had also impacted people as it was an easy means of transportation and showed ones wealth. With the idea of showing off money and how rich you were, the idea of buying things became more and more popular and more advertisements came out and people started too buy more things and it became a very materialistic society. It shifted from industry to consumer based, and this increased the amount of jobs people got and provided more money going into the economy thus boosting it and how and what people viewed as important.
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