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Fdr's New Deal Programs

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FDR’s New Deal Programs In the 1930’s the worst economic crash to hit the United States, and which was later called the Great Depression. All throughout the 1920’s under the Hoover administration there was a tremendous growth of the stock market; which in turn made people believe that it would never fall and people were making a tremendous amount of money. Banks were allowing people to buy stocks on speculation, credit, and on October 29th 1929, also known as “Black Tuesday”, was when the stock market fell through and the public fell intof mass hysteria. FDR won the 1932 election, and his first New Deal programs began to be signed into law in March of the next year. FDR’s New Deal programs helped lessen the financial and physical burden …show more content…

TVA was passed in May of 1933 (History.com), which also happened to be within FDR’s first one hundred days and what established a figure to help bring jobs to certain regions in: Tennessee, Kentucky, North Carolina, Georgia, Alabama,Mississippi, and Virginia (tva.org). This is important because the South has usually been more financially unstable, and job security was also way low so many people were unemployed. A second objective that was placed upon the TVA was that, the workers were to build dams along the Tennessee river to help curb the flooding and provide inexpensive power through hydroelectricity. (History.com) This objective was important as annual and possibly biannual flooding would have destroyed good farm land and agriculture was the main source of income for many families in this region; as well as that electricity would have helped lessen the burden of doing many duties by hand and now they can power machines to aid with daily life. These are the reasons as to why the Tennessee Valley Authority was a very vital and important piece in the New Deal puzzle to help with the burden of the Great Depression on the people in the Tennessee …show more content…

With the Tennessee Valley Authority he managed to help create a wide source of jobs and cheap electricity for the thousands, possibly millions, of people in the Tennessee Valley area and helped with the burden of almost living in a past era with no power and no money. The Agricultural Adjustment Act helped many of the farmers who were hit the hardest with the crash and allowed them to make enough money to keep up with their debts and let them stay afloat in the hysteria. Finally with the Social Security Act everyone became covered under a very thin lined insurance so if they became injured on the job and when they age enough to retire, so they can still have income. This is as to why FDR was one of the United States most successful presidents in one of the worst times in the country's

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