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Frank Delano Roosevelt's: Relief, Recovery, And Reform

469 Words2 Pages

Frank Delano Roosevelt’s New Deal was a great move for America given the parameters of the Great Depression. It is important to note that one of the reasons this program helped so much was because it was introduced at a time of need. Given what the New Deal provided during the Great Depression, various reasons show how successful and needed it was for America. This paper will go through each of the New Deal’s three R’s: Relief, Recovery, and Reform, and it will highlight the programs that correspond to each of these R’s and how they helped. Relief- This part of the three R’s was meant to provide aid to the unfortunate who were unemployed. Luckily, Roosevelt had created labor unions in order to help those such as the Civilian Conservation Corps …show more content…

Recovery- This was used in order to help the economy bounce back, like how certain unions like the CCC and WPA stimulated the economy. However, the programs relating to this idea were more directed to farmers and industries, paying them to produce less to prevent things like overproduction and underconsumption. This helped companies and others prosper, as they were still gaining money from labor unions like the Agricultural Adjustment Act, and The National Industrial Recovery Act. Reform- This act was enforced in order to prevent any future depressions by means of eradicating any chance of doing so. As an example, the Securities and Exchange Commission (SEC) was created to help regulate the stock market and make sure not to have any corrupt leaders of any industry or any business in general. The Federal Deposit Insurance Corporation (FDIC) was forced to help stop banks from failing again. Many lost faith in their banks due to the crash of the stock market. Those who deposited their savings into any bank lost the money, and were devastated. All in all, the New Deal was very successful, giving credit to the three

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