Topic > FDR's Alphabet Soup - 1374

After the stock market crash of 1929 and the Hoover administration, something had to be done to alleviate and recover from the Great Depression. This was one of the most important goals of Franklin Delano Roosevelt's first presidential term. Although Herbert Hoover made some attempts to reconcile the country, but failed to live up to his rhetoric, “prosperity is just 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 quickly. When Franklin Roosevelt came to the presidency in 1933, he established his first Hundred Day Plan. During FDR's first term, he created a series of relief and recovery acts to initiate prosperity and stimulate economic and social recovery. However, fifteen major pieces of legislation were passed that had great influence in ending the despondency of the Depression. This document will provide the fifteen infamous acronyms for these acts, what they 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 being affected in some way. On March 12, 1933, FDR appeared on Americans' radios with his famous Fireside Chat. This speech in particular was about the banking crisis. He dove right in and mentioned the issues at the forefront of Americans' minds. In the last days of February and the first weeks of March there was a wave of people who withdrew all their savings from banks in exchange for cash or gold because they feared losing all their money. Roosevelt explains that: “Th…… half of the sheet……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 Roosevelt Institute 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 UniversityLaw School. 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 Experience PBS. April 12, 2014. Accessed April 12, 2014. http://www.pbs.org/wgbh/americanexperience/features/general-article/dustbowl-wpa/.“49a. a public holiday." United States History: Pre-Columbian to the New Millennium. April 8, 2014. ushistory.org/us/49a.asp.