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Success of the New Deal Essay

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Success of the New Deal

During 1929 many people invested in the stock market, this led to the stock becoming less and less valuable, this eventually led to the Wall Street Crash. The current Republican President, Herbert Clark Hoover was not seen to be doing enough so he was succeeded By President Franklin Delano Roosevelt' (FDR) , who would end the depression with his 'New Deal'. Roosevelt holds the unique distinction of being elected four times by the people of America. Roosevelt's place in American history has been fixed due to the New Deal but also because he rose to the highest position in Americadespite having a crippling cardiovascular illness. In his first 100 days he passed masses of laws …show more content…

By 1941 the 'New Deal' had both its successes and its failures. FDR poured tax payers money to reverse the 'spiral of depression', which was known as 'pump priming'. He had used the 'alphabet agencies' to use get the skilled and unskilled unemployed workforce to work on federal funded projects. The Public Work's administration (PWA) built roads, bridges hospitals and schools. This was intended to give the workforce more money so they could spend more if they spent more there would be more demand for products and so more jobs, and therefore the government would recoup their losses in the added tax, so the economy would recover. This was successful as it helped the economy to recover and it also built much needed public services. The Tennessee valley authority did help farmers by regenerating the 'dustbowl'. The 'Dustbowl' was regenerated by building hydro-electric power stations; using flood control for soil conservation, the federal government paid subsidies to farmers who left land fallow or planted crops that put nitrogen back into the soil. The federal government also financed research into soil conservation The Agricultural Adjustment Act paid farmers to limit the amount of crops they grew or destroy some they already had. The federal government bought farm

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