How Successfully Did the National Government Deal with the Economic Problems of the 1930s

How successful were the national governments in bringing economic recovery in Britain in the years 1931-1939?

In the views of the politicians, the economy was not one of a ‘Golden Age’. As the British Cabinet Paper wrote, ‘It is clear that ever since the end of the war we have tried to do too much…we have only rarely been free from danger of economic crisis’. This illustrates the fact that although the economy was not falling apart, it was not stable and not prosperous. There was also a lack of a plan to deal with the economy; the government merely adjusted the system as it went along, which sometimes resulted in high rises of inflation or sudden consumer booms that did not correlate with its ability to pay for them – causing a deficit.

It was a time when federal and state officials were still developing work programs for the unemployed. This great industrial slump continued throughout the 1930's, shaking the foundations of Western capitalism.

The America in the 1930s was drastically different from the luxurious 1920s. The stock market had crashed to an all time low, unemployment was the highest the country had ever seen, and all American citizens were affected by it in some way or another. Franklin Delano Roosevelt’s New Deal was effective in addressing the issues of The Great Depression in the sense that it provided immediate relief to US citizens by lowering unemployment, increasing trust in the banks, getting Americans out of debt, and preventing future economic crisis from taking place through reform. Despite these efforts The New Deal failed to end the depression. In order for America to get out of this economic

Once President Franklin Roosevelt was elected during the Great Depression, his first 100 days enacted what he called the New Deal. This “deal” was a series of reforms that were meant to increase available jobs, better the working conditions, and put money back into the economy. Jobs offered during this time, as well as the relief, recovery, and reform efforts gave a kick start to the American economy, helping to pull us out of the Great Depression. Some examples of these efforts can be seen in the Civilian Conservation Corps (CCC), the National Recovery Administration (NRA), and the Social Security Act (SSA).

During The Great Depression, the New Deal Instituted many programs where some had many accomplishments some many failures and some had both accomplishments and failures. The programs that had the greatest impact of the Great Depression were the creation of the securities and exchange commission, The works Progress Administration, the Fireside Chats, and the Wagner Act. The programs that had some accomplishments and failures were the civilian conservation corps, the Tennessee Valley Authority and the institution of the Social Security. Lastly, the program that had nothing but failures was the Court Packing Plan.

After World War I ended in 1919, Canada had a small recession during the World war, but after the war, Canada had the fastest growing economy in the world. The 1920s had been a successful period of growth for Canada, with living standards improving remarkably. Then suddenly, in the late 1920s the economy took a sharp turn for the worse. The depression originated in the US, directly caused by the spark of the stock market crash on October 29, 1929, known as Black Tuesday, but quickly spread to almost every country in the world due to

Meanwhile, There was not just one cause to the unemployment there was three. The first one of the main cause was there was not a healthy economy. The healthy economy was going down dramatically. The economy was what made people lose their jobs because there was no money they were getting from it and why have a job when you can't get any money.Also, because the bosses of the job let go the workers because they couldn’t pay then anymore. The Second cause of the unemployment was that there were huge bank failures. The bank was getting too many loans from people so they were running out of money. If people had their savings in the bank, they lose it because of all the loans. The third and final causes of unemployment was it brought conditions in the 1930 it was such proportional and that mini cooper did not even pay for their taxes. I would say all three of these causes were all political, economic and sociological because they all had to do with the people and the

To what extent did the New deal programs and progressive reform help the United States economy recover from the world wide Great Depression ?

Franklin D Roosevelt jumped into action to save the economy the 1930s. In Doc A, he said “we are giving opportunity of employment to one-quarter of a million of the unemployed, especially the young men…” (Doc A). This shows that the New Deal created jobs so people could get paid and ended the Depression. In Doc E, it shows that in 1937, the unemployment rate had increased down to 9.1% compared to the 22.5% it was before FDR took office (Doc E). This shows that the New Deal succeeded in providing work. Besides providing jobs, the New Deal gave Americans faith in their government.

This was not as bad as it seemed though because the cost of living had been reduced by 13%. Britain emerged from depression largely from outside factors other than the government but the government did have an effect. Chamberlain even introduced the Unemployment Act of 1934 which meant insurance benefits could apply for a maximum of 26 weeks. Although the Conservatives did help and make some changes, it was not enough and they did not look to the future as much as the Labour party.

In the end, it was World War II that brought us out of the Great Depression. With war at hand, the government began pumping massive amounts of money into the economy. Production and inflation increased. More jobs were available and wages rose. At the

They write, “In response to the massive unemployment of the 1930’s, Roosevelt’s New Deal in 1933 introduced the first federal relief programs targeted at the poor and unemployed… he anticipated that the work relief jobs would boost consumer spending and thus increase demand for labor, which would then raise private employment and earnings.” (Neuman, Fishback, Kanton, pg 4) This quotes illustrates that programs such as these relief jobs, would not only be able to get the people back to work, but also get the economy up and running again.

In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what policies were implemented to reverse the economic downfalls.

The United Kingdom finished World War I a few years prior to the Great Depression, and was a big factor in the length of the depression. The reason why the U.K’s depression’s length was so long was because of the debt that the European countries had grossed during World War I. This debt that had to be paid, left the Europeans in a sticky situation, as they tried to rebuild their economy to what it once was. The effect of this debt and other economic problems had caused the unemployment rate to accelerate from one million to 2.5 million unemployed UK citizens, some cities even reached rates from as high as 70%. When other countries received the hit from the depression, Britain couldn’t export nearly as much as they used to. This was a chain reaction that caused the world to be effected as a whole, and what caused Britain to get hit so strongly. Great Britain didn’t use their Government revenue expansion very strongly to an extent, however later on did increase the