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1930's Politics and Government
Transcript of 1930's Politics and Government
Franklin D. Roosevelt
President FDR was the only president in American history to be elected to four consecutive terms. He led the nation through two of the biggest events in it's history; The Great Depression of the 1930's and World War 2, (1939-1945)
The Great Depression was the deepest and longest lasting economic downturn in the history of the Western industrialized world. It began soon after the stock market crashed and led to rising levels of unemployment, laid off workers and failing companies.(1929-1939)
Billions of dollars were lost when the stock markets fell. This was the start of the Great Depression.
On the surface WW2 seems to mark the end of the Great Depression period. During the war more than 12 million americans were sent into the military, and a similar number toiled in defense related jobs. It took care of 17 million unemployed people in 1939. The massive spending during war time was the event that ended The Great Depression.
In this video they were talking about how they will build highways, airports, factories. etc. Once they started this plan it cost so much money. It was the main reason that caused the stock market to fall.
End of the Great Depression
What you need to know...
The 1930's were a tough time because people lost their jobs, and were unemployed. Many people ended up becoming poor and losing their property.