HIST 2057 Chapter : American Capitalism In Crisis
Document Summary
American capitalism in crisis: the great depression and the new deal. Already called the great depression as named by herbert hoover, that the system would right itself. Hoover didn"t want to call it a panic, a soothing and easily understood so it was called the depression. Became hoover"s depression: economic conditions and problems, hoover"s response, election of 1932. It wasn"t due till 37, but they say they want it now for 32. The army is unleased on young middle aged families. Roosevelt had a plan for the farmer, consumer, business man. That the united states would be taken out of its deep funk. Roosevelt and hoover had brutally hung him out to dry. Roosevelt gave one of the best argunation speech. Defiance peraolysis we have nothing to fear but fear itself confidence in the country the first 100 days administers with a copperative congress. First new deal (1933-35) and second new deal (1935-38)
