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Essay / FDR's Alphabet Soup - 1374
After the stock market crash of 1929 and the Hoover administration, something had to be done to relieve and recover from the Great Depression. This was one of the most important goals of Franklin Delano Roosevelt's first term as president. Although Herbert Hoover attempted to some extent to reconcile the country, he did not live up to his rhetoric: “prosperity is around the corner.” Hoover failed to understand the extent of the damage of the stock market crash from a global perspective and simply did too much, too fast. When Franklin Roosevelt became president in 1933, he outlined his first Hundred Day Plan. During the first term, FDR created a series of relief and recovery measures to ignite prosperity and spur economic and social recovery. However, fifteen major pieces of legislation were put into place and had a great influence in ending the despondency of depression. This article will provide the fifteen infamous acronyms for these acts, what they were intended to do, and their impact on America and its citizens. President Roosevelt's first set of acts concerned relief for those affected by the Great Depression. It was quickly established that virtually every citizen was affected in one way or another. On March 12, 1933, FDR appeared on American radio in his famous Fireside Chat. This particular speech was about the banking crisis. He delved into the subject and mentioned the issues that were of concern to Americans. In the last days of February and the first weeks of March, many people withdrew all their savings from their banks for cash or gold because they feared losing all their money. Roosevelt explains that: “The... middle of paper ......1938.htm. “History of Fca and Fcs”. Agricultural Credit Administration. April 12, 2014. Accessed April 12, 2014. https://www.fca.gov/about/history/historyFCA_FCS.html. “Home Owners Loan Corporation.” The Next New Deal: The RooseveltInstitute Blog. March 22, 2012. Accessed April 12, 2014. http://www.nextnewdeal.net/home-owners-loan-corporation. “National Labor Relations Act (NLRA).” Legal Information Institute - Cornell University School of Law. April 12, 2014. Accessed April 12, 2014. http://www.law.cornell.edu/wex/national_labor_relations_act_nlra. “The Works Progress Administration (WPA).” The American PBS Experience. April 12, 2014. Accessed April 12, 2014. http://www.pbs.org/wgbh/americanexperience/features/general-article/dustbowl-wpa/.“49a. a public holiday. History of the United States: from pre-Columbian to the new millennium. April 8, 2014. ushistory.org/us/49a.asp.