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How Did The New Deal Affect The Economy Of The 1930s

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The 1930s weren’t as glamorous as the 1920s, but were an advantageous period of time for motion-picture, radio industries, and artists and writers alike. Movie theaters premiered popular genres such as wacky comedies, lavish musicals, romance, and gangster films, all of which attracted moviegoers during the New Deal years. The radio industry, which exemplified the democratic spirit of the era, offered a plethora of dramas and other programs for families all across the nation. In fact, “Orson Welles, an actor, director, producer, and writer, created one of the most renowned radio broadcasts of all time, “The War of the Worlds” (Danzer et al. 511). Artists and writers also gained much momentum during the 1930s, many of them receiving support …show more content…

For one, FDR and his administration extended the reach of the federal government and the president in economic affairs. With specific agencies such as the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC) in addition to “infusing the nation’s economy with millions of dollars, by creating federal jobs, by attempting to regulate supply and demand, and by increasing the government’s active participation in settling labor and management disputes,” the administration helped to re-regulate the economy by repairing banking and investment issues and give hope to a broken people (Danzer et al. 517). For example, the SEC continues to regulate the stock market and maintain laws regarding the sale of stocks and bonds, while the the FDIC, which was established under the Glass-Steagall Act of 1933, continues to keep banking in check by ensuring that peoples savings are protected in case of a bank failure. The Wagner Act and the Fair Labor Standards Act were perhaps among the few exceptional programs that transformed American society permanently, specifically by ensuring the protection of workers’ rights. These pieces of legislation “set standards for wages and hours, banned child labor, and ensured the right of workers to organize and bargain collectively with employers” (Danzer et al. 518). In contemporary society, the NLRB continues to keep union and employer disputes in check. Collectively, these pieces of legislation would lead America out of the Great Depression and down a new path of

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As America’s economic surge was reaching its peak in the 1920s an impending downfall came about. The financial “bubble” popped and on October 29, 1929 the ever so strong stock market crashed, known now as “Black Tuesday”. This created a domino effect that toppled over many other strongly depended on economic infrastructures resulting in the largest national financial crisis ever. At the time, Republican President Hoover implemented his “laissez faire” governing policies which did some good work but not near good enough to bring the country out of this hole. On the other hand, Democratic President Franklin D. Roosevelt insisted on a more “hands on” approach from the governing body, he claimed that this was a federal dilemma and that federal

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In their opinion, the employees were not employed in interstate commerce, so their wages had nothing to do with it either (Document F). They also thought that the government had no right to give workers the right to self-organize and break the law (Document G). The authority of the federal government expanded, and FDR was, in a sense, abusing the power he had. Roosevelt’s administration increased the role of the federal government in the economy. His New Deal programs were more successful in empowering the government than lightening the effect of the Depression.

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The Great Depression affected millions of American financially. After the stock market crash in 1929 and particularly after the banking crisis of late 1930, many Americans lost their jobs and were living in poverty. Herbert Hoover was the president of the United States at the beginning of this Great Depression. During the beginning of Hoover’s presidency most Americans supported a laissez-faire system as did Hoover . In a laissez-faire system the market dictates the economic prosperity of the country.

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During his first term in office, he took on programs and policies to relieve the effects of the depression, collectively known as the New Deal. During this time, many social policies were passed to specifically aid the working class. Some of the acts Roosevelt implemented were the Glass-Steagall Act, the Federal Deposit Insurance, the Securities and Exchange Commission, the Home Owners Loan Corporation, the Works Progress Administration, the National Labor Relation Board, and Social Security. All of these acts were put in place to aid the working class, and prevent the severity of future depressions. The outcome of the New Deal gave a new role for the federal government, which is the partial responsibility for the people’s financial

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In the essay ”Entertainment in The 1930s” by Brooke Habit, Madison Raynor et al, (May 23, 2013),the authors explain how there were many ways people found entertainment in the 1930s and that there were six main types of entertainment during the 1930s. The authors backed up their claim by listing the six different types of entertainment in the 1930s, music, radio, movies, do-it-yourself fun/children's activity, dancing and sports. They also tell you the details from every form of entertainment that happened in the 1930s. The purpose for creating this essay was to get readers to join their website in order to get people to see other writings on their site and also to inform viewers about entertainment in the 1930s. The authors takes a factual

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When Franklin Delano Roosevelt (FDR) was elected president in 1933, The Great Depression was at its peak. The Great Depression was a period when the economy took its biggest downturn in the history of the United States (US). In the US, it began soon after the market crash of October 1929, which wiped out millions of investors of their investments. The nation’s economy was at an all-time low, with the unemployment rate up at twenty five percent, and America took a chance by voting FDR as the Democratic president of the United States of America. Within his three term presidency, he lifted America through The Great Depression and World War II.

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FDR, an aristocrat who never saw poverty first-hand as LBJ did make the National Industrial Recovery Act the center point of his New Deal programs for relief, recovery, and reform. It was the first comprehensive national attempt to set production levels, prices, minimum wages, maximum hours, and other conditions of employment. Although the NIRA was ruled unconstitutional, many of the reform laws remain in effect today: National Labor Relations Act [1935] and Fair Labor Standards Act [1938]. Americans gained a social safety net in the Social Security Act [1935], albeit well behind France [1848] and Germany [1883]. Through the Banking Act [1933], creating the FDIC, bank deposits became insured.

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Roosevelt’s New Deal reform brought about many possibilities but also minor limits. Franklin D. Roosevelt's plan to combat The Great Depression began day after the inaugural address, Roosevelt declared a four day bank holiday that stopped citizens from withdrawing money from risky banks. Moreover, he later passed the Emergency Banking Act which reorganized banks and closed the ones that were disposable. The Great Depression was also the initiation of the National Industry Recovery Act. Although it was aimed to quickly reestablish “industrial freedom,” the Act became mired in controversy as large companies dominated the code-writing process (Give Me Liberty!

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Zinn argues that the economic growth in the 1920s wasn't nearly as good as it was portrayed and claims that any of the increase in money was for those at the top, leaving the middle and lower class oppressed. From the 1920s to even today, Zinn claims that the government and many capitalists have worked at keeping the working class oppressed to keep them on top. This meant that the government made sure to stop any spread of socialist views. Mainly, Zinn believes that the 1920s didn't bring prosperity like it claims. In reality, workers got slightly higher wages but in his theory it is so the workers would stop rebelling after being given just the right amount of money.

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New Deal was solely created to prevent the terror of Great Depression from spreading further. Through relief, recovery and reform programs like AAA, CCC, WPA and etc expressed on the tree, FDR considered to give aid to people who were suffering( Doc 3). This expanded the role of FDR’s government in the Great Depression. This documents delivers that the vast majority of 3 R programs and their effectiveness throughout this horrific time. Additionally, New Deal established the National Labor Relations Board (NLRB) or also known as the Wagner Act to protect the rights of workers to organize, bargain collectively, and strike( Doc 6).

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Ms. Hale AP U.S. History June 4th, 2018 How did the Great Depression affect American society? Throughout American history, the people have experienced a series of ups and downs with their government and economy.

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Unlike during the Hoover administration--in which there was no federal work insurance--when Roosevelt came in to power, one of his goals was to represent and support the working class Americans--rather than the super rich and powerful people--because he believed that the strength of the United States was in it’s diverse working class. He also rejected Hoover’s laissez faire view which believed that government intervention during economic downward spirals was detrimental and that downturns in the economy were natural and would force the U.S. Would emerge stronger; he also opposed direct federal relief for the unemployed. Roosevelt also believed that an activist government was necessary to regulate and to balance out the large corporation while protecting individuals from economic and physical peril which were also necessary to the economy. Many of the programs within the New Deal were meant to help the poor and the unemployed. Two examples of this were the Social Security Act in 1935 which stablished old age pensions, unemployment insurance, and aid to the poor & disabled; Federal Deposit Insurance Corporation in which FDR convinced Congress to pass banking reforms to provide federal insurance for individuals' deposits and the Wagner Act 1935 which gave federal protection to labor unions & required employers to negotiate with elected union

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504 Words | 3 Pages

Supporters of the New Deal say that the New Deal streghtened our economy, boosted the federal government, employed millions of those who were not before, ended the banking crisis, and reformed the stock market. These things are all accurate and the New Deal helped our country in so many ways. But, critics of the New Deal will point out that, it did not end the Great Depression, gave too much power to the federal government and enough so that the American people could have individual freedom and free enterprise, and it increased our national debt immensly. Both of these opinions are in some way right, here is why.

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847 Words | 4 Pages

Many people wonder what the New Deal really did for the American people. The New Deal was a series of national programs proposed by President Franklin D. Roosevelt. The New Deal programs happened during 1933-1938, right after the Great Depression. The New Deal had a very positive effect on the people of America by creating new jobs, gaining trust in banking systems, and getting freedom from the effects of the Great Depression.

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Imagine you are finding it hard to sleep at night. You are having nightmares. Before going to bed, you make sure that the doors and windows of your room are securely and tightly shut. But wait! You don’t have any windows or doors at the moment.

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