Roosevelt and the New Deal: 1929-45 — Chapter Summary
ICSE · Class 12 · History
Summary of Roosevelt and the New Deal: 1929-45 for ICSE Class 12 History. Part of the ICSE Class 12 History syllabus.
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Overview
The years 1929 to 1945 marked a turning point in American history. The Wall Street Crash, the Great Depression, and Franklin D. Roosevelt's response through the New Deal changed the role of the federal government, the presidency, banking, labour relations, and social policy. Roosevelt's leadership c
Key Concepts
The first major stock market panic
The first major stock market panic came on 24 October 1929, followed by a huge wave of selling four days later when 16.5 million shares changed hands.
Four major weaknesses lay behind
Four major weaknesses lay behind the crisis: overproduction in industry, maldistribution of wealth and income, weaknesses in the banking system, and w
By autumn 1931 unemployment had reached
By autumn 1931 unemployment had reached 8 million. By 1932 at least 13 million people were unemployed, and by early 1933 approximately one-quarter of
Hoover relied on voluntary charity
Hoover relied on voluntary charity, local relief, and later the Reconstruction Finance Corporation. The RFC was headed by Charles Dawes and had $500 m
Roosevelt was elected Governor of New
Roosevelt was elected Governor of New York in 1928 and re-elected by 700,000 votes in 1930. He won the 1932 Democratic nomination on the fourth ballot
Learning Objectives
- Understand the causes of the Great Crash and the Great Depression
- Explain how Hoover responded to the economic crisis and why his response was seen as inadequate
- Describe Roosevelt's rise to power and the importance of the 1932 election
- Identify the major measures of the First New Deal and the Second New Deal
- Analyse the role of federal relief, work relief, banking reform, farm policy, and industrial regulation
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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