Franklin Roosevelt made a number of suggestions to spur the economy and help end the Great Depression, including introducing basic banking and welfare reforms. While many of his programs did not take effect until much later, his ideas and programs have lasted throughout the years.
Because FDR refused to run up the federal deficits that ending the depression would require, many programs were voted down in both chambers of congress. Some of these reforms included a federal program for health care, a full-employment act, an increase in the minimum wage and an increase in Social Security benefits. FDR's New Deal did help restore the Gross National Product (GNP) to its 1929 level, but it was not the main factor in ending the Great Depression.
The main events that helped to create an end to the Great Depression occurred when the federal government imposed rationing on items such as milk, gas, fabric and other food items; recruited six million defense workers, including women and African Americans who were not allowed to work in these type jobs prior to this time; drafted six million soldiers and ran massive deficits to end World War II. FDR was still elected to an unprecedented four terms due to public approval.Learn More
Slavery had a variety of different effects on the American economy, from giving wealthy Southern landowners a free labor force to potentially restricting economic growth in the South, which relied heavily on slave-driven agriculture. Scholars have debated this issue for decades, and there is not a clear answer as to whether the system of slavery was a net good or bad for the nation's economy.Full Answer >
Alexander Hamilton's assumption plan was a plan that asked for federal "assumption" of the state debts within the United States so that the economy could be stimulated and so that the nation could be strengthened as a unified front. Hamilton would later submit a request for a national bank to help circulate currency and make financial transactions simpler for the government.Full Answer >
Coopers works to create casks for things like tobacco, flour and gunpowder, to store liquids and ship items. Coopers usually worked on plantations, but some also worked on merchant and military vessels. The tools necessary to create casks typically went from generation to generation.Full Answer >
An Iroquois longhouse was a traditional home for Native American tribes living in southern New England, New York, Pennsylvania and New Jersey. A longhouse was constructed of wooden poles covered in bark that housed as many as 20 families simultaneously. A typical Iroquois longhouse ranged from 180 to 220 feet long, although some were nearly 400 feet in length.Full Answer >