what were the main causes of the great depression and the steps taken by the federal reserve, congress, n FDR?
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http://www.google.com/search?btnI=I%27m+Feeling+Lucky&q=wiki+great+depression\n\n\nHe created alphabet agencies. The federal reserved caused the stupid depression...
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Here are a couple of websites : \nhttp://en.wikipedia.org/wiki/Great_depression\nhttp://www.britannica.com/ebc/article-9366031?query=great%20depression&ct=\nhttp://history1900s.about.com/library/photos/blyindexdepression.htm
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http://en.wikipedia.org/wiki/Great_Depression
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Here's a little info: The Great Society was founded by LB Johnson and based loosely on Roosevelt's New Deal-- The New Deal goals were the three R's:Reform, recovery, and relief, while the goal of the Great Society was to end poverty and racial injustice (this was a form of reforming, recovering and relieving society of the poverty and discrimination)... The social and political legacy of the Great Society is that it started the end of discrimination (Voting Rights Act, etc) and less poverty; the New Deal's legacy was that it helped to end the depression (poverty). As for origins, both were implanted at times of depression(New Deal) and poverty(Great Society).... ok done! that was a good review for my US quiz!
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1.  Roosevelt responded to the Great Depression by creating new federal agencies and making new jobs for people\n\n2  One of those things was creation of the Social Security system, so that old people could retire and leave jobs that could be taken by younger people\n\nBonus:\n\n3.  Roosevelt led the nation during the Second World War.\n\nNow, do you homework!
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That idea formed when WW!! sped up the recovery from the great depression.  War causes an increase in government expenditures and has increased the national debt, which evenually could lead to higher taxes, then there is interest rates, to curb inflation, and thus recession following the war
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I'm sure you could probably find it on wikipedia.com or something.\n\nBut to 4A:\n\nThe Great Depression resulted in a more secure way to organize the U.;S. economy in the furture.  Like they have to check to make sure stocks are worth what they are selling for or something like that.  People would get all of their money back if there was another depression instead of totally losing it all.
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President Franklin D. Roosevelt promised to get the US out of the great depression by creating a whole new unconstitutional bureaucratic system of government, the New Deal.  This brought about welfare, and demolished our limited, Constitutional government.  That Constitutionalism was being eaten away at before, but this was a very big part of doing away with the Founder's original intents.\n\nWWII also brought severe federal government restrictions on the economy, and I think price controls.  That further helped in the erosion of the original, limited federal government.
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Well the depresion mainly, but also constitutional issues since the supreme court kept vetoing FDR's recovery bills. FDR threatened to pack the court with new "young blood" so then the court started to comply with him. People forget that this was a huge constitutional crisis at the time.
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-the stock market crash\n-The New Deal\n-FDR trying to stuff the Supreme Court\n-The debate on whether America should join the new European war\n\nLots more than that too :)
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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
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market forces do play a part in the rates set by the fed.  the main concern of the fed is to balance inflation and growth of the economy.  If growth is too high and inflation rates spike, then higher rates cool things down.  It's a fine balancing act.
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The stock market crash of october 1929, pulled a lot of money out of the American economy. Less capital => less investments => less jobs => less salaries to spend => even less capital to invest.
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Ever heard of The Great Depression? That was what happened when President Herbert Hoover did nothing when the stock markets went belly up and the banks all closed. Roosevelt enacted the FDIC to protect your money and strategically place cash reserves all over the country to avoid another depression.
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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....
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Because of the Great Depression
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Most people say that it motivated Adolf Hitler and helped because the Central Powers i.e. the enemy in W W I were forced to pay and one result was the almost destruction of the German Economy that created hyperinflation.  The US great depression does not compare.\n\nSome say it was The Assassination of Archduke Franz Ferdinand.\n\nWorld War I was about money and power so there was no need for the US to get involved.  This war was the POLAR or World War II. In W W I empires fought.  The Austrian-Hungarian empire lost and so did the Ottoman.  Mesopotamia was ruined by England as were the Kurds.  The Allies while fighting the Central Powers{they were NOT the Axis like in W W II} ignore the massacre of Armenians by the Ottoman and to this date they mostly do.  \n\nThe following is an example and proof of how consequences from World War I has not fully died.\n\nPresident George Walker Bush fired "recalled" an Ambassador because he sided with the Armenians \nWant proof ?\n\nMay 27, 2006\nU.S. Ambassador to Armenia fired for referring to Armenian genocide\nU.S. Ambassador to Armenian John M Evans’ recall over his forthright remarks about the Armenian Genocide, reported the Armenian National Committee of America (ANCA).