The Effect of The New Deal on United States' Economy in Crisis

1994 Words 8 Pages
The Effect of The New Deal on United States' Economy in Crisis

Ever since the details of the Great Depression began to emerge from the post-World War I rubble; historians have wondered how such a horrific catastrophe could have taken place. The following investigation will examine the role of the New Deal in improving the U.S. economic crisis from two differing perspectives: the New Deal, when viewed as a whole, was an economical achievement of epic proportions, and that none of the successes associated with the economic crises during the Great Depression era can be attributed to the New Deal.

The frame of the investigation will seek to explain and evaluate both view points through Carl N.
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Vincent states that "125,000 children under sixteen were taken out of the labo[u]r market, their jobs in factories, mines, shops, offices made available to unemployed adults."[2] Both issues ultimately result in the betterment of a tough economic situation faced by Americans nationwide. Degler, however, sees the problem differently. According to him, the N.R.A. was a disappointment as it failed to accomplish what it was intended to. The codes established by the employers were being ignored and instead drastic measures to increase production rates were being implemented. As a result, the N.R.A. could not endure because it violated the powerful American belief in productions.[3]

Another approach is the reformist organization set up by the Federal Government to improve the depressed South, the Tennessee Valley Authority (T.V.A.). Former Senator George Norris evaluates the T.V.A. to "build dams, to operate them, to sell power, [and] to develop good fertilizers," as an essential resource to industries in the South.[4] Norris further adds that "it seems probable that [the] T.V.A. will succeed to a measure in its industrialization program, because the Valley will possess a happy combination of cheap power, cheap water-borne