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The Main Features of The New Deal Essay

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The Main Features of The New Deal

When Roosevelt came to power in 1933 he immediately set about stopping the depression and to bring economic recovery. He done this by a bill called 'The New Deal', the main aim of this was to provide relief for victims of the depression. Because of Roosevelt was so successful with his plan and term of presidency he was elected for another three more times until 1948. The main important time during his presidency and 'The New Deal' was the first 100 days, these important times were when the foundations of the recovery were put in place and also it resulted in the growth of the 'alphabetic agencies'.

The first hundred days of the 'New Deal' were important because …show more content…

'The New Deal' helped the banks because if the banks were closed the economy would not be able to work any more and soon after that nobody would have any money to spend but if the banks stayed open the U.S.A could be at the brink of collapse because of the banks not being able to run themselves adequately and may fail. This quickly fixed by Roosevelt who introduced a series of measures such as Emergency Bank Act, March 1933. It attempted to solve immediate issues, which made banks stay closed for four days while the government inspected the accounts and made sure it had enough bad debt reserves, banks that did not meet these requirements were simple shutdown. This was one of the main features of 'The New Deal'.

Agriculture had many problems; one of them was over production. This meant even the prices stayed low and many farmers would not be able to make a decent living out of this, so they just left their crops to rot in the fields. The solution, which Roosevelt came up with, was to pay farmers who were not producing; it was called the Agricultural Adjustment Act (AAA). Helping the farmers was a main part of the 'New deal' that Roosevelt focused on.

Roosevelt helped the unemployed by creating more useful jobs, 500 airports; roads, schools, parks and

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