Who named the great depression?
111517
Seems to be unknown. Can't find any single person credited, so maybe the term just came into popular use around the same time (journalists?). \n\nMaybe look for the earliest use of that term, going back to summer 1929 (predating the Wall Street crash by a few months).\n\n(Does anyone have access to WSJ.com archives, do they go back that far?)
238197
who WAS the president in 1902.\n\nTeddy Roosevelt
732767
What was once known as GREAT BRITAIN
127127
He was president when the great depression started, I remember my dad talking about it and said he was at least partally to blame by his fiscal policys. Hey Bush take a lesson here supply side economics does not work, never has never will.
140946
Read anything by William Leuchtenburg.  Patricularly "The Perils of Prosperity", which focuses more on the 20's than the thirties, but you cannot possibly understand the Great Depression without understanding the twenties.
224201
In attacking the Great Depression he did much to develop a partial welfare state in the United States and to make the federal government an agent of social and economic reform. His administration indirectly encouraged the rise of organized labor and greatly invigorated the Democratic party.
302698
When Roosevelt was inaugurated in March 1933, the U.S. was at the nadir of the worst depression in its history. A fourth of the workforce was unemployed. Industrial production had fallen by more than half since 1929. In a country with limited government social services outside the cities, two million were homeless. The banking system was on the point of collapse. There was little violence, but most observers considered it remarkable that such an obvious breakdown of the capitalist system had not led to a rapid growth of fascism (as happened in Nazi Germany). Instead of adopting revolutionary solutions, the American people had turned to the Democrats and to a leader who had grown up in privilege.\n\n\nThe First New Deal, 1933-1934\nRoosevelt indeed had few systematic economic beliefs; he relied heavily on a Brain Trust of academic advisors from leading universities. He saw the Depression as partly a matter of confidence—people had stopped spending, investing, and employing labor because they were afraid to do so. As he put it in his inaugural address: "the only thing we have to fear is fear itself." He therefore set out to restore confidence through a series of dramatic gestures.\n\n\nBanking crisis\nA high priority in the first "Hundred Days" was stabilizing the financial system. By inauguration day, state governors in every state had ordered banks closed or placed restrictions on deposits (as bank closings increased, this created more panic as depositors in other states rushed to withdraw funds before a state-imposed holiday was declared in their own states).[3] Roosevelt issued Proclamation 2038 on March 6 ordering "all banking transactions" be suspended through March 9, "in order to prevent the export, hoarding, or earmarking of gold... or currency." On March 9, Roosevelt told Congress in person, "Our first task is to open all sound banks." To accomplish this he asked for and received emergency legislation giving him control over all banks. The same day he received authority to "open such banks as have already been ascertained to be in sound condition, and other such banks as may be found to require reorganization to put them on a sound basis." Thus, all the nation's 19,000 banks had to be inspected before they could reopen. In all, 4,004 banks never reopened; most were small, with an average of $900,000 in deposits. They were merged into stronger banks and eventually the depositors got about 85% of their deposits back. (Historical Statistics X741-7555) At first, Roosevelt opposed bank insurance, but in June he reluctantly signed the Federal Deposit Insurance Corporation (FDIC) law to insure bank deposits. Angered at efforts to manipulate the dollar-gold ratio by European speculators, on April 5th 1933, Roosevelt issued Executive Order 6102 that required all persons holding more than $100 in gold coin exchange it for paper money at face value. After January 1934, he then devalued the international value of the dollar by 40% in terms of gold, hoping to stimulate exports. (Freidel 1990 p 101-2)\n\n\nRelief\nDuring the first hundred days of his administration, Roosevelt used his enormous prestige and the sense of impending disaster to force a series of bills through Congress, establishing and funding various new government agencies. These included the Federal Emergency Relief Administration (FERA), which granted funds to the states for unemployment relief, and the Civilian Conservation Corps (CCC) to hire 250,000 young men to work on rural local projects, as well as the first Agricultural Adjustment Administration (AAA). The AAA tried to force higher prices for commodities by paying farmers to take land out of crops and cutting herds. In 1936, the U.S. Supreme Court found the AAA to be unconstitutional.\n\nRoosevelt's series of radio speeches, known as Fireside Chats, presented his proposals to the American public. The informal chats not only reassured liste
341909
The naught's.  That's what the 1900-1910 decade was called.  Not sure about the spelling.
1119440
The Great Depression was a worldwide economic downturn, starting in 1929 and lasting through most of the 1930s. It centered in the United States and Europe, but had damaging effects around the world. The most industrialized countries were the nations that were affected the worst, including the United States, Germany, Britain, France, Canada, Australia, and Japan. Cities around the world were hit hard, especially those based on heavy industry. Construction virtually halted in many countries. Farmers and rural areas suffered as prices for crops fell by 40-60% [1] Mining and lumbering areas were perhaps the hardest hit because demand fell sharply and there was little alternative economic activity. It ended at different times in different countries; for subsequent history see Home front during World War II.\n\nhttp://en.wikipedia.org/wiki/Great_Depression
1066247
FDR -- Franklin Roosevelt.\nHe brought the country out of the worst depression we've ever faced, made us into a world power economically and militarily, stayed out of WWII until Japan attacked, then led us ably through that long and difficult conflict.  No other president has had trials as difficult or results as good.
989264
I was not around then but definitely studied history and this comes to mind:\n\nPresident H. Hoover, 1932 - government loans to banks.  End of November 1,493 banks have suspended operations.  \n\nIt already started crashing from the America's economy in the 1920's to a sudden end in Oct 1929 - before the Wall Street Crash.   Then America started facing economical crisis that even impacted other coutries including Germany, a country that built up their economy on American loans.  Then the wealth from the 20's was dissapearing fast.\n\nThe rich lost money on Wall Street crash. The rest of Americans could not afford to lose any money then. Afterwards, noone had money to invest nor to buy comsumer products. \n\nThere was not shopping of any kind, and stores, factories, farmers, restaurants, industries, had no reason to employ people who were making products that were not being sold. \n\nUnemployment reigned. The depression took a while to get going but by the winter of 1932, it reached his top.\n\nAt the time there where: 12 million people out of work, 12,000 people being made unemployed every day, 20,000 companies had gone bankrupt, 1616 banks had gone bankrupt, 1 farmer in 20 evicted, and sadly, 23,000 people committed suicide in one year - the highest ever in the history of the US.\n\nIn addition: we had many social problem which, in spite of being such rich country we continue to have.  They were and still are:\n\nUnemployment and poverty \nBreakdown of families\nSoaring high school dropout rates (2 to 4 million)\nHomelessness\nOrganized protests\n\nAt the time, the American people  laid the blame on:\n"Three B's" then responsible for the Wall Street Crash and the Depression:\n\nThe "Bankers"\nThe "Brokers"\nThe "Businessmen"\n\nI am not sure this answer your question but that what I thought of as soon as I saw your date onthe screen!\n\nBye....
413651
the irony was that war was good for the world economically as it spured their economies.  as world war 2 started, they needed workers for the factories to produce bombs and guns.  soon, the unemployment rate went down, and the US especially was starting to profit through the selling of weaponry to other countries before Lend Lease Act.  as more people are working, they get paid, and the economy goes for the better.  another one in a very small role was the New Deal by Franklin Delano Roosevelt.  while it didn't stop the great depression, it put the US in the fast track by creating more jobs and putting new laws and restrictions in the economy.
432362
1932 maybe, i believe it was during the great depression. I think FDR created it. Maybe?
1086320
James Buchanan:  Did little or nothing to stem the tide of the coming Civil War. \n\nWarren G. Harding:  He let people around him get his administration into trouble...  cheated on his wife.. just a corruptable character. \n\nWilliam Henry Harrison:  Who in their right mind gives a two hour inaugration speech in a driving rain to contract pneumonia and die 31 days later? \n\nJohn Adams: He made it very difficult to become an American with the Alien and Seditions Act and put this country on track with another war with England in 1812.\n\nHerbert Hoover: His hands off attitude towards the economy after the stock market crash led to the Great Depression.
791224
I'm thinking Franklin Roosevelt.
599081
The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.\n\nThough the U.S. economy had gone into depression six months earlier, the Great Depression may be said to have begun with a catastrophic collapse of stock-market prices on the New York Stock Exchange in October 1929. During the next three years stock prices in the United States continued to fall, until by late 1932 they had dropped to only about 20 percent of their value in 1929. Besides ruining many thousands of individual investors, this precipitous decline in the value of assets greatly strained banks and other financial institutions, particularly those holding stocks in their portfolios. Many banks were consequently forced into insolvency; by 1933, 11,000 of the United States' 25,000 banks had failed. The failure of so many banks, combined with a general and nationwide loss of confidence in the economy, led to much-reduced levels of spending and demand and hence of production, thus aggravating the downward spiral. The result was drastically falling output and drastically rising unemployment; by 1932, U.S. manufacturing output had fallen to 54 percent of its 1929 level, and unemployment had risen to between 12 and 15 million workers, or 25-30 percent of the work force.\n\nThe Great Depression began in the United States but quickly turned into a worldwide economic slump owing to the special and intimate relationships that had been forged between the United States and European economies after World War I. The United States had emerged from the war as the major creditor and financier of postwar Europe, whose national economies had been greatly weakened by the war itself, by war debts, and, in the case of Germany and other defeated nations, by the need to pay war reparations. So once the American economy slumped and the flow of American investment credits to Europe dried up, prosperity tended to collapse there as well. The Depression hit hardest those nations that were most deeply indebted to the United States, i.e., Germany and Great Britain. In Germany, unemployment rose sharply beginning in late 1929, and by early 1932 it had reached 6 million workers, or 25 percent of the work force. Britain was less severely affected, but its industrial and export sectors remained seriously depressed until World War II. Many other countries had been affected by the slump by 1931.\n\nAlmost all nations sought to protect their domestic production by imposing tariffs, raising existing ones, and setting quotas on foreign imports. The effect of these restrictive measures was to greatly reduce the volume of international trade: by 1932 the total value of world trade had fallen by more than half as country after country took measures against the importation of foreign goods.\n\nThe Great Depression had important consequences in the political sphere. In the United States, economic distress led to the election of the Democrat Franklin D. Roosevelt to the presidency in late 1932. Roosevelt introduced a number of major changes in the structure of the American economy, using increased government regulation and massive public-works projects to promote a recovery. But despite this active intervention, mass unemployment and economic stagnation continued, though on a somewhat reduced scale, with about 15 percent of the work force still unemployed in 1939 at the outbreak of World War II. After that, unemployment dropped rapidly as American factories were flooded with orders from overseas for armaments and munitions. The depression ended completely soon after the United States' entry into World War II in 1941. In Europe, the Great Depression strengthened extremist forces and lowered the prestige of liberal democracy. In Germany, economic distress directly contributed to Adolf Hitler's ri
59085
The New Deal during the Roosevelt Administration help to bring the USA out of the Great Depression.  It was a large public works programs that created millions of jobs that offered jobs to unemployed Americans.