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Chad's page about FDR and the Great Depression

Page history last edited by raeanne.moore@... 8 years, 6 months ago



FDR was born on January 30, 1882. He had polio. He was the 32nd president of the United States. Franklin D. Roosevelt was the president during WW2, He married his distance cousin who was niece of president Theodore Roosevelt the 26th president of the United States, Her name was Anna Eleanor Roosevelt. When he was younger he attended Groton a prestigious preparatory school in Massachusetts. He received a bachelor's degree in history from Harvard in only three years. After Harvard he attended a school in new york and studied law. In 1910 he entered politics and was elected Senate.





                                                                                                   The Great Depression 


     The Great Depression started on Tuesday October 29, 1929. It was the day the stock market crashed. The stock prices dropped tremendously and masses of people tried to sell their stock, but no one could or would buy them. The stock market seemed to everyone the most efficient way to get rich, and it quickly became the way to bankruptcy. Many people before The Great Depression had money in the banks that invested into the stock market for them. When the market crashed the people lost all there money and the banks were forced to close. That caused massive panic across the country. People saw that banks were closing all over the country, and went to their banks and withdrew all the money they had in their savings. The massive withdraws that were happening forced those banks to close. The businesses and big cooperation's were also affected by losing their own capital by bank closures or by the stock market crash. They then started cutting back their workers salary or cutting their hours and even firing them. In 1932 the unemployment count had drastically risen from 12 to 15 million unemployed workers to almost 25 to 30 percent of the workforce. It also didn't help that consumers were not buying anymore.   














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