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New deal impact on the great depression
New deal impact on the great depression
New deal impact on the great depression
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The New Deal was a success, because of the fact that Americans’ working conditions and situations were greatly improved. Before the New Deal there were never rules set for the working conditions for Americans. Work days can be way more than eight hours, and salaries could have been much lower than what should have been. Examples of how working conditions improved were the creation of minimum wage laws, 40 hour work weeks, worker and plant safety laws, and outlawed child labor (Document 7). These new set rules are still applied today, and without them workers could be payed less and work more with no additional pay.
The New Deal included programs that would help average citizens find relief and provide recovery from the dire economic situation, helped farmers recover from foreclosures produce more crops and reduce the prices of crops for citizens and consequently expanded the role of gov’t because more people depended more on their gov’t in a time of need. The Great Depression started after the stock market crash of 1929, shortly thereafter companies started firing millions of workers (Document J) to save money because CEO’s are always greedy and always want to keep as much money as possible for themselves. FDR’s response to mass unemployment was to create agencies like the TVA (Document I) which employed unemployed workers in Tennessee for public projects such as bridges, roads, dams, parks etc. Anything that benefited the public was built so that people had jobs and were able to bring the economy out the depression.
The New Deal also reopened banks, provided financial security through insured bank accounts, and began to repair the economy through the creation of the SEC which regulates the stock market. Through these programs, standards, regulations, and acts the people saw improvements in their lives and public morale and confidence skyrocketed (Source
The New Deal did not benefited the U.S.in the long term. The New Deal was created between 1933 and 1938 by Franklin Roosevelt. He created the New Deal for people that were unemployed. The New Deal provided old-age insurances and unemployment benefits. It was also was supposed to help the families that dependent children and for people that were disabled.
The goal of it was to boost the economy by helping businesses regulate themselves; it also established PWA; which led to the hiring of people for public work projects; it boosted the economy. The New Deal began to recover from the worst of the depression. The New Deal was effective because it gave jobs to young men now they could support their families and put food on the table for them. Americans began to recover from the worst of the depression. People were in less debt burden to pay off their loans on their houses.
The New Deal also made housing cheaper to buy. The first New Deal did not end the Great Depression but it did manage to provide relief to many citizens, though it was not able to aide a majority, especially farmers who did not own property. The second New Deal focused on economic security, which successfully improved “economic conditions in the United States” (Foner 847). For example, FDR created an agency which taxed large fortunes and companies and then distributed products as evenly as the government would allow. The New Deal had many limits which prevented it from ending the Great Depression.
One of the biggest factors that played into the New Deal was the distribution of money. In the United State we were a land of prosperity, but the problem was that “too few controlled the money and the wealth and too many did not have money with which to buy the things they needed for life and comfort” (Huey P. Long’s, Doc 4). Basically all of the money is going to the super wealthy and none of it is going to the poor. This is then effecting the economy because the money is not circulating which then causes over production because goods are not being sold. If money is not circulating, then the consumers and producers are not benefiting which then causes more problems.
“The only thing we have to fear is fear itself,” said Franklin D. Roosevelt. Those words were used during the Great Depression to bring the spirit of the American people up. Majority of the American people at that time and now believed that the New Deal brought America out of the Great Depression. However, historians are divided over if the New Deal took American out of the Great Depression. Actually, the New Deal did not help America during the Great Depression, but the World War 2 brought America out of it.
Segregation on the Run Desegregation positively affected North Carolina because it controlled big controversies and conflicts. Desegregation in American occured during the Civil Rights movement because the bravery and determination of Martin Luther King, Jr., Rosa Parks, and the Little Rock Nine. Blacks and whites were segregated mostly because no one would stand up and when someone finally did desegregation started to happen. “He had seen the Ku Klux Klan riding at night. It meant that an African American would be beaten or killed for going against the system.
The New Deal also opened soup kitchens were the unemployed could go to get a free meal. The New Deal also managed banks so the banks couldn’t spend money that they didn’t even have, and it also helped end the depression and helps prevent new ones from happening in the
The New Deal brought down the unemployment rates from 22% to 9% in 5 years and then 12% to 6% in 3 years, also from the journal. The New Deal helped bring down the unemployment rates, making sure that most homes were able to have a way to buy food and keep their homes. Some may say that the unemployment rate went down too late, but the New Deal started bringing down the rate the year after by 2% and then more for each year. The New Deal was proven a success with how it dramatically brought down unemployment from 22% all the way down to 6% in 9
The New Deal supported farmers, the unemployed, and the youth as well as the elderly. The New Deal gave structure to the government and the banking system as well as the stock market at the time. Alan Brinkley the author of The Unfinished Nation states, “It increased the regulatory functions of the federal government in ways that helped stabilize previously troubled areas of the economy…” (597). With the New Deal stabilizing the economy the government could focus on other things.
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.
In short term it ended the dreadful crisis that almost ruined the US finance. This also reopened banks within a few days. In long term, it got rid of America’s weakest and most unstable banks, and made sure that this would never occur again. The New deal did not solve all the problems the Great Depression had but it sure reduced it. The biggest problem was to put people back to work and the new deal sure did that; it made agencies like the CCC, PWA, etc. to help fulfill that aim.
The New Deal had many successes including agencies creating jobs and fireside chats which would give hope to the people. One success of the New Deal was how the agencies
