President Roosevelt's New Deal

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In 1932 Democrat Franklin Delano Roosevelt was elected president by a large margin over Herbert Hoover. FDR brought his plan of the New Deal to try and reverse the effects of the crash on the United States. In Roosevelt’s run for the presidency, he pledged that he would help “the forgotten man at the bottom of the economic pyramid.” In his Inaugural Address, he said “the only thing we have to fear is fear itself,” which brought hope to the beaten down American. As president, he championed the series of federal legislative initiatives known as the New Deal. The first part of the New Deal was economic recovery. He wanted to stabilize the banks and clean up the financial mess left over from the Stock Market crash. (Glassman) The New Deal stabilized

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