President Fdr A Nation s Economic Status Is A Great...

Jeffrey Huang Miller English 2, Period 4 23 May 2016 Resident President Keeping a country’s economic status is a great responsibility that its government has. In America during the 1930’s, the Great Depression spreads its economic disease to Americans, and as a result, many citizens become jobless and homeless. While Americans are under economic depression, little has been done by the government to ameliorate the situation. However, President FDR is the MVP during the Great Depression as he brings economic prosperity and well-being to America by reforming economic relations, improving business matters, and comforting American citizens. Trusting Wages and Banks FDR relieves America from the economic terrors of the Great Depression by†¦show more content†¦If not, each industry will have salaries and prices that are very unstable thereby creating a whole mess in the trade system. Moreover, FDR gives an account of another economic change during a Fireside Chat when he says, [Banks] had used the money entrusted to them in speculations and unwise loans.The new law allows the twelve Federal Reserve Banks to issue additional currency on good assets† (â€Å"American Rhetoric: Franklin Delano Roosevelt - First Fireside Chat†). Before this reform, many banks were not evaluated and thus the clients’ money was not guaranteed safety. While this problem was compounded by the Stock Market Crash that made the value of money obsolete, FDR alleviates the dire situation by first closing out the banks so that Americans cannot potentially worsen economic situations. Examining the closed banks, FDR can reopen certified banks, so Amer icans can have access to their money. This whole process allows banks to be ensured so that their services are fail-safe. Therefore, secured banks will greatly reduce the chance of another money crash. Businesses in the Great Depression Moreover, FDR also rescues America from the Great Depression by improving business matters by adjusting the rights of employees. While working during an economically-deprived time, men sometimes cannot even earn their share of pay. So, to upset that effect, FDR requires â€Å"employers to pay covered