The New Deal

1585 WordsJul 8, 20187 Pages
Do you know what it’s like to live in a cardboard home, starve, and raise a family in poverty? Unfortunately, most Americans in the 1930s went through this on a day-to-day basis. In 1929 the stock market crashed. Many people lost their life savings; they invested everything they owned in a failing stock market. The country was falling, everyone needed strong leadership and help from the government. Devastation and desperation started on Thursday, October 24, 1929. There was a strong sense of panic in the air at the Stock Exchange. The stocks were dropping, alarmingly fast; the worried American tried desperately to keep their savings. Markets began to steady again on Friday and Saturday only to sweep back down the following Monday. By…show more content…
Roosevelt” 2-3). Not only did the programs of the New Deal protect finances, they gave money back to Americans too. For instance, the Social Security Act (SSA) provided many citizens with a newfound sense of security by creating a program the paid the injured, blind, and deaf (“Franklin D. Roosevelt” 4). Another new program was created, the Farm Security Administration (FSA) help farmers out by loaning millions of dollars. The FSA also set up camps for migrant workers. Sure, there we’re relief programs aimed towards helping America, but none quite like the Federal Emergency Relief Administration (FERA). Mr. Harry Hopkins of FERA set out the “revitalize many deteriorating relief programs”. He did just that. FERA sent out five million dollars to local, depleted relief programs in its first two hours alone (“Franklin D. Roosevelt” 1). In some cases, mortgages had to be refinanced in order to be saved; the Home Owners Loan Corporation was created to help with this issue (“Franklin D. Roosevelt” 3). As one can imagine, different groups of people were affected, and helped differently thorough out the Great Depression. For example, The Indian Reorganization Act of 1934 gave the Native Americans back the ownership of unallocated lands and put a stop to the selling of any tribal lands (“Franklin D. Roosevelt” 2). In some cases, Union Workers were favored over others. The Wagner Act legalized practices such as

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