Presidential Greatness FDR

A detailed Summary of Presidential Greatness FDR


Presidential Greatness: Franklin D. Roosevelt

Presidential greatness is due to being in the right place at the right time as in the case of Franklin D. Roosevelt. In 1928, the United States economy is starting to slip. The construction boom is over, farmerıs share of the national income has dropped from 15 to 9 percent since 1920 and between May 1928 and Sept. 1929 the average prices of stock had risen 40 percent. Trading will spread between 23 million shares per day to over 5 million. This boom was largely artificial. In, 1929 the nation turns to Herbert Hoover for help. Hooverıs laissez- faire beliefs seemed to send the country into more despair. By Hoover sitting back and not involving the government more than half of all Americans were living below minimum subsistence, annual per-capita is $750(and for farmers its only $273), automobile sales decline by a third in the nine months before the crash. Recession begins in August, two months before the stock market crash and during this period, production declined at a annual rate of 20 percent, wholesale prices at 7.5 percent and personal income at 5 percent. The stock market crash begins Oct. 24th .Oct 29th is now called by investors "Black Tuesday". Losses for the month came t


intervention in an economic crisis. Hoover had allowed two previous bank

Roosevelt entered office at a time when fear and panic had paralyzed the



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Approximate Word count = 817
Approximate Pages = 3 (250 words per page double spaced)

Category: History

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