As President of the United States in 1932, I confronted the Great Depression with its four main
elements, including stock market collapse and banking breakdown, 25% unemployment, and the
destructive Dust Bowl conditions in the Great Plains (Smiley, 2002). The federal government
faces bankruptcy, while public trust in leadership collapsed under the previous President
Hoover's poor performance. Hence, my administration needs groundbreaking solutions that
combine cost-effectiveness with economic stabilization, job creation, and social relief measures.
My plan works to stabilize banks while setting up purpose-built job programs, agricultural crisis
relief, and instant assistance for people in need through private-public alliances and funding
transfers that bypass limited federal money availability.
I would establish a nationwide banking closure following the 1933 Roosevelt model to stop
withdrawals and bank runs, according to Wheelock (2010). Federal auditors would conduct
assessments to determine which banks were sustainable before allowing their reopening. The
funding for this initiative would occur through bank contributions, which the Federal Reserve
would manage in a temporary stabilization fund. The proposed Glass-Steagall Act-like
legislation would divide commercial banking from investment banking to minimize risks, while
a new deposit insurance system using bank contribution fees would regain customers' trust
(Friedman & Schwartz, 2008). Credit markets could be revived through these steps while
government spending remained low.
Creative financing methods must be established to create jobs that address unemployment
despite limited funding availability. I would create the Public Works Administration to supervise
infrastructure development, receiving financial backing from state/local bonds and private capital
alongside federal loan support reimbursed through future tax collections. The public works
initiatives include fixing roads and bridges while employing 500,000 construction workers using
local bonds backed by federal support for more favorable interest rates and hydroelectric dam
construction creating 100,000 jobs in related industries partnered with utility companies and
urban redevelopment projects that enable 200,000 workers in slum clearance and affordable
housing development supported by municipal bonds and private builders (Leuchtenburg, 1963).
The Civilian Conservation Corps would utilize 250,000 young men to conduct forestry work and
soil conservation while maintaining national parks through budget reallocations from military
spending, providing workers with food and shelter support. The labor-intensive projects would
drive economic development in targeted communities while establishing hiring priorities for
unskilled workforce members.
Quick intervention is needed to address the destroyed agricultural sector of the Dust Bowl. For
improved soil protection, I would form the Soil Conservation Service under the Department of
Agriculture to deploy 10,000 extension agents to teach contour plowing and crop rotation to
50,000 farmers through funding redirected from current agricultural funding. A Farm Credit
Program enables farmers to obtain cooperative government-backed refinancing deals for their
debts without federal financial obligations. Establishing cooperative marketing boards helps
farmers protect crop prices through shared resources, generating increased income beyond
government subsidies (Smiley, 2002).
A Federal Emergency Relief Administration (FERA) would be established for immediate human
assistance by deploying 20,000 administrators to deliver food and shelter through state and local
This study source was downloaded by 100000898495062 from CourseHero.com on 05-13-2025 02:45:18 GMT -05:00
https://www.coursehero.com/file/249136464/sonia-discussiondocx/
elements, including stock market collapse and banking breakdown, 25% unemployment, and the
destructive Dust Bowl conditions in the Great Plains (Smiley, 2002). The federal government
faces bankruptcy, while public trust in leadership collapsed under the previous President
Hoover's poor performance. Hence, my administration needs groundbreaking solutions that
combine cost-effectiveness with economic stabilization, job creation, and social relief measures.
My plan works to stabilize banks while setting up purpose-built job programs, agricultural crisis
relief, and instant assistance for people in need through private-public alliances and funding
transfers that bypass limited federal money availability.
I would establish a nationwide banking closure following the 1933 Roosevelt model to stop
withdrawals and bank runs, according to Wheelock (2010). Federal auditors would conduct
assessments to determine which banks were sustainable before allowing their reopening. The
funding for this initiative would occur through bank contributions, which the Federal Reserve
would manage in a temporary stabilization fund. The proposed Glass-Steagall Act-like
legislation would divide commercial banking from investment banking to minimize risks, while
a new deposit insurance system using bank contribution fees would regain customers' trust
(Friedman & Schwartz, 2008). Credit markets could be revived through these steps while
government spending remained low.
Creative financing methods must be established to create jobs that address unemployment
despite limited funding availability. I would create the Public Works Administration to supervise
infrastructure development, receiving financial backing from state/local bonds and private capital
alongside federal loan support reimbursed through future tax collections. The public works
initiatives include fixing roads and bridges while employing 500,000 construction workers using
local bonds backed by federal support for more favorable interest rates and hydroelectric dam
construction creating 100,000 jobs in related industries partnered with utility companies and
urban redevelopment projects that enable 200,000 workers in slum clearance and affordable
housing development supported by municipal bonds and private builders (Leuchtenburg, 1963).
The Civilian Conservation Corps would utilize 250,000 young men to conduct forestry work and
soil conservation while maintaining national parks through budget reallocations from military
spending, providing workers with food and shelter support. The labor-intensive projects would
drive economic development in targeted communities while establishing hiring priorities for
unskilled workforce members.
Quick intervention is needed to address the destroyed agricultural sector of the Dust Bowl. For
improved soil protection, I would form the Soil Conservation Service under the Department of
Agriculture to deploy 10,000 extension agents to teach contour plowing and crop rotation to
50,000 farmers through funding redirected from current agricultural funding. A Farm Credit
Program enables farmers to obtain cooperative government-backed refinancing deals for their
debts without federal financial obligations. Establishing cooperative marketing boards helps
farmers protect crop prices through shared resources, generating increased income beyond
government subsidies (Smiley, 2002).
A Federal Emergency Relief Administration (FERA) would be established for immediate human
assistance by deploying 20,000 administrators to deliver food and shelter through state and local
This study source was downloaded by 100000898495062 from CourseHero.com on 05-13-2025 02:45:18 GMT -05:00
https://www.coursehero.com/file/249136464/sonia-discussiondocx/
