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Franklin D Roosevelt and New Deal

ssive stroke and died two and one-half hours later without regaining consciousness. He was 63 years old. FDR was buried in the Rose Garden of his estate at Hyde Park, New York.“A New Deal” is what FDR promised voters in the fall of 1932, three years after the crash of stock prices of Wall Street had signaled the onset of the Great Depression. It included several laws Congress began enacting just days after FDR took office in the first week of March 1933. It was America's national response to the Great Depression. It also “dramatically reshaped politics, presidential power, and the role of the federal government in the economy of the United States of America”(Edsforth 1), which was considered to be the most controversial part of the New Deal. Most of the criticism of the New Deal relates to the first 100 days. In fact, some critics even argued that the New Deal is a plan without careful consideration, a program that put the U.S. into a big risky experiment. It is true that FDR could not predict the whole idea of the New Deal. He only clarified the basic principles and the political ideas of it in his speech in San Francisco in September 23, 1932. FDR noted that the capitalism of America has gotten into the stage of monopoly, the “great time” of free market and expansion has gone. The exhaustion of economy asked for the interfering of government as a market regulator. “We have to accept these limits, not for hampering the individualism, but for protecting it”(FDR library). FDR also indicated that the function of government had to be changed to fit the new requirements of society. After the fourth and the worst winter of the Great Depression, FDR began his presidency with the famous words “Let me assert my firm belief that the only thing we have to fear is fear itself”(FDR inaugural address). The first hundred days of New Deal started with a strong medicine of bank system—a ...

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