The Pros And Cons Of The New Deal

Franklin Delano Roosevelt was elected as the 32nd president of the United States in 1932, the third year of the worst economic depression in America's history. At the height of The Great Depression about 25% of America's workforce was unemployed, and the country was crying out for change. This is what he promised in the inaugural address he gave on March 3, 1933: change. He gave his speech to show the hearts and minds of the people of the USA that they will come back from this great hardship. Franklin Delano Roosevelt used a powerful yet sympathetic tone of voice, dramatic pauses for emphasis, and plan to change how the country operated, in his Inaugural Address to reassure the nation that they will come back from the Great Depression.

The new deal might not have totally finished the Great Depression but rather it improved the circumstance. The depression didn't end until World War II. However, it influenced individuals to have more expectation, it utilized a large number of individuals and enhanced the economy.Perhaps if their was more of the new deal it would have completely ended the depression but there was more good effects than bad.For numerous years, most financial experts trusted that the New Deal was the wellspring of recuperation from the Great Depression. The regular view depended on a couple of straightforward perceptions, the most focal of which were that the most noticeably awful years of the Great Depression as far as the two noteworthy macroeconomic factors

These periods of financial panics along with the inelastic money supply had long beleaguered the country. Bank failures, business bankruptcies, and unstable economic development were results of the lack of a central banking system (Federal Reserve System 8th ed. pp. 6-7). The Panic of 1907 was a bank run of epic proportions that exacerbated the problem. Depositors withdrew their savings from the second and third largest banks in the country. These banks were not able to generate enough funds to cover the demand and subsequently closed their doors. Their closings rapidly spread fear across the country leading to one of the largest runs on the banks the nation had ever witnessed (Schlesinger pp. 41).

The New Deal was thought up by none other than president Franklin D. Roosevelt. Roosevelt’s intentions were meant to help with the current depression at the time which lasted, for about three years. The new deal was meant to make “colored” and whites equal, but that was not the case. Many citizens of the south did not believe “Negros” should get paid minimum wage, but expected them to be paid a lower amount. Many whites opposed any thought of equality between them and African American’s, but that did not stop the (NRA)National Recovery Act. A work program produced from the NRA the (CCC) Civilian Conservation Corps helped many “colored” American’s, benefit from the New Deal. The United States also needed an escape from their current depression, so Roosevelt creates the Work-Relief Bill with equality as his goal.

In 1929, the United States Stock Market crashed, heralding the tumble into world-wide depression. President Hoover tried to pacify the people by telling them it was temporary and would pass over. But a new figure rose out of the people, promising he would do anything and everything he could to restore their lives. In 1932, Franklin D. Roosevelt was elected to the presidency, and his new policies would soon sweep over the country. Roosevelt's responses to the problems of the Great Depression were successful in strengthening the power of the federal government and instilling hope in the public, yet were unsuccessful in that they did not help him achieve his intended goal: the restoration of the economy. His responses were, however,

The New Deal was good because it provided Americans with hope, jobs, and government assistance during a time when American citizens could not help themselves. The Great Depression caused the US to fall apart economically, and the New Deal was put in place to try to fix the economy. President Roosevelt thought this was the best way to fix the economy, and it was. But that doesn’t mean it was perfect. It also doesn’t mean it worked. While many good things came from the New Deal, many bad things came out as well. But the good outweighed the bad, and the New Deal began the journey out of the Great Depression.

After Roosevelt was elected president, one of his first actions was to restore the banking system. The banking crisis can be attributed to risky loans made by the banks following World War One. After the stock market crashed, many Americans rushed to take all of their money out of the banks. The people were gripped with the fear of losing their money, so this forced the banks to shut down. In his inaugural address, Roosevelt “vowed to use federal

The New Deal was a specific set of government works programs put into effect by President Roosevelt in response to the Great Depression. The New Deal took action to bring fast economic relief as well as improvements in industry, finance, agriculture, housing, the labor force, etc. The traditional American policy of laissez-faire was opposed in the new democratic promise of the “New Deal”. The majority of the New Deal was enacted in the first couple months of FDR’s presidency, which later became known as the Hundred Days. The first objective was to lessen the hardship of the large amount of unemployed workers in the nation. The Works Progress Administration(WPA) and Civilian Conservation Corps(CCC) were created to establish short term government aid to temporary jobs. The National Recovery Administration (NRA) was created to develop rules to govern trade practices, hours, child labor, wages, and collective bargaining. Also, the New Deal worked to avoid another stock market crash and bank failures.The Federal Deposit Insurance Corporation (FDIC) gave insurance for bank deposits and the Securities and Exchange Commission (SEC) was created to protect the people from stock-market companies committing fraud. An agricultural program , the Agricultural Adjustment Administration (AAA) attempted to raise prices by providing subsidies to farmers to reduce crop production. The New Deal was filled with government works programs to help pull the country out of the Great Depression but,

The New Deal was a necessary program out in place which helped the nation and expanded the role of the government in a positive way. The nation was struggling in effect of the Great Depression and going through a hard time, and the New Deal helped the country out of it. Alone, the citizens of the United States would have never been able to pull themselves out of this mess, but the government stepped in and helped to fix the nation. The benefits of the New Deal can best be summed up with the three R’s: relief, recovery, and reform.

Roosevelt. This World War One navy veteran saw the troubles that the United States was going through, (document 5) and promised a ‘New Deal’. During his run in office, he had three goals: Relief for the unemployed, repair the economy, and reforms to prevent another depression (the three R’s). The first thing Roosevelt did was fix the banking system. He knew that without stable banks, money would not be able to start flowing in the economy anymore. He ordered and ‘Bank Holiday’ and went through to all the banks making sure they were financially stable, and shut down the ones that were not. The nation soon had faith in Roosevelt and quickly saw brighter days ahead. Roosevelt provided relief for the unemployed through the Civilian Conservation Corps, and the Works Progress Administration. Both hired unemployed civilians to work building parks, playgrounds, hospitals, schools, etc. Roosevelt also provided recovery to the industry and farmers. He passed acts such as the National Industrial Recovery Act, and the Agricultural Adjustment Act. He paid farmers to start planting a variety of crop instead of competing in prices for the same product. He also provided long-term reforms and has so far prevented another depression through acts such as the Federal Deposit Insurance Corporation, and the Social Security

Our founding fathers visualized a national government with specific and limited responsibilities. They were to mainly preserve domestic harmony, keep the nation safe, and have restricted intervention in the daily lives of citizens. However, with wars, depressions, and rights movements, citizen’s fears and anxieties grew. American citizens turned to the federal government for help.

The roaring 1920’s appeared as if the prosperity that it had brought would continue throughout the years, however on October 1929, known as black tuesday that all changed, when the stock market crashed. The current president, president Hoover was suppose to heal America back up to the powerful nation it had become, however, he believed that the government should have a limited role and did not provide the necessary measures to end the Depression. On March 4th 1933 when Franklin D. Roosevelt took the seat as the President of the United States and his first hundred days Congress, at his request passed a large number of laws to deal with the Great Depression. Although Franklin D. Roosevelt’s administration was not successful on ending the Great

The Stock Market Crash played a major role in bank failures. After the crash, people were indifferent about the stability of banks, so they all began taking out their savings. Banks no longer had the currency to stay open. For those who did not take this

In response to the Stock Market Crash of 1929 and the Great Depression, Franklin D. Roosevelt was ready for action unlike the previous President, Hubert Hoover. Hoover allowed the country to fall into a complete state of depression with his small concern of the major economic problems occurring. FDR began to show major and immediate improvements, with his outstanding actions during the First Hundred Days. He declared the bank holiday as well as setting up the New Deal policy. Hoover on the other hand; allowed the U.S. to slide right into the depression, giving Americans the power to blame him. Although he tried his best to improve the economy’s status during the

“Black Tuesday” is cited to be the day that the Stock Market Crashed on October 19, 1929, and it is believed to have been the beginning of the Great Depression (Schultz). This led to many catastrophes in the United States economic system that lasted ten years, from 1929-1939 (Schultz). During this time period consumer spending declined, unemployment increased, and a severe drought throughout the U.S led to a reduction in agricultural labor, which resulted in even more unemployment (Schultz). Nevertheless, out of this crisis President Roosevelt created programs, throughout his presidency, in hopes of bettering the United States economy. These programs would eventually be called the New Deal and Second New Deal programs. These programs were