Background information: us president franklin

History

2 answers:

Eva8 [605]2 years ago

4 0

High Unemployment
Lost savings
lack of markets

Hope this helps!

Akimi4 [234]2 years ago

3 0

The correct answer to this open question is the following.

US President Franklin D. Roosevelt was elected on his promise to improve economic conditions in America. In his first inaugural address, which he gave the day he came into office, he discussed the economic crisis. The problems that President Roosevelt mentioned were lack of markets, high unemployment, and loss of savings.

American citizens were afraid of the crisis. So the first thing President Roosevelt tried to do was to calm down citizen's fears. He was very aware of the economic consequences of the Great Depression and he created his "New Deal" program to help people in need. The stock market crash of October 29, 1929, started the Great Depression in the US. Thousands of people lost their jobs, banks went into bankruptcy, and several companies had to close. So the New Deal was aimed to create social programs to alleviate the economic hardships.

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