• President Roosevelt at the dedication of Hoover Dam (constructed between 1931 and 1935).

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    President Roosevelt at the dedication of Hoover Dam
    • Date
    • 9/30/35
    • Creator
    • Davis, Glenn A.
    • Description
    • President Franklin Roosevelt speaking standing at a lectern at the dedication of Hoover Dam on Sept. 30, 1935.
    • Rights
    • Not to be reproduced without permission. To purchase copies of images and/or for copyright information, contact University of Nevada, Las Vegas Libraries, Special Collections at: http://www.library.unlv.edu/speccol/
    • Partner
    • University of Nevada, Las Vegas Libraries, Special Collections. Glenn A. Davis Collection.; Mountain West Digital Library
    • Contributing Institution
    • University of Nevada, Las Vegas, University Libraries

  • Franklin Delano Roosevelt speaking to crowds in Barnesville, Georgia, August 13, 1938.

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    Franklin Delano Roosevelt, on a covered dais speaking to crowds in Barnesville, Georgia, August 13, 1938.
    • Rights
    • Copyright Atlanta Journal-Constitution. Cite as: AJCP553-019c, Atlanta Journal-Constitution Photographic Archives. Special Collections and Archives, Georgia State University Library.
    • Partner
    • Georgia State University. Library. Special Collections; Digital Library of Georgia

Franklin Delano Roosevelt rose from the ranks of the New York Legislature. He realized early in his career that to develop long-term federal support programs that countered "more than a century of buccaneering, laissez-faire American capitalism," the country would have to realize an economic downturn. He couldn't have imagined that the downturn would be so dramatic, although "F.D.R. appreciated the irony that it was the Depression that made it possible for him to realize those larger objectives.”

It is widely considered that few of the New Deal programs had sustained economic impact. Although a few, including the FDIC (Federal Deposit Insurance Corporation), Securities and Exchange Commission (SEC), and the Federal Housing Administration (FHA) would lay the foundation for economic growth in the post-World War II era and beyond.

Kennedy, David M. 2007. "FDR's Lessons for Obama," Timewww.time.com/time/specials/packages/printout/0,29239,1906802_1906838_1906745,00.html