IN THE spring of 1933, as the New Deal roared into action, business began to get better, but it dropped again and as 1933 ended and a new year began, even the most optimistic New Dealer had to admit that the depression was still on. During 1934, the government took further steps to regulate banking and finance‚ but some Americans were dissatisfied. Businessman complained that the government was making it harder to do business. In spite of all the excitement, the NRA was not working out well. The farmers were complaining that prices of farm products were still too low. …
Read More »The New Deal 1933
WHEN Franklin Delano Roosevelt was nominated in 1932, he was fifty years old. A fifth cousin of former President Theodore Roosevelt, he came of a wealthy family. He grew up on a large estate at Hyde Park, New York, overlooking the Hudson River. At the age of twenty-four he married Eleanor Roosevelt, a distant cousin and a niece of Theodore Roosevelt. Several years after graduating from Harvard and studying law at Columbia University, he entered politics and was elected to the state senate. In the presidential campaign of 1912 he supported Woodrow Wilson, who named him assistant secretary of the …
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