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How Did The New Deal Contribute To Recovery

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Franklin D. Roosevelt, a presidential candidate in the year of 1932, developed and implemented the New Deal after the Great Depression caused destruction to many families economically. During his acceptance speech he said, “I pledge you, I pledge myself, to a new deal for the American people”. After this acceptance speech, Franklin D. Roosevelt he became President of the United States. After this speech that was given, many people believed and had confidence that Franklin D. Roosevelt was not afraid to fight for a better nation. When the New Deal was implemented it provided support for unemployed, retired, and poor households. Several acts and administrations helped to support the unemployed and poor with this legislation.
The New Deal comprised several key changes in social and economic policy. It provided a safer employment outlook for the people of the United States. It established retirement funds and Social Security, as well as created more jobs, prevented government corruption and helped the country to avoid another Great Depression. The New Deal also helped to stabilize banks, prices and eliminated problems created by the 1929 Stock Market Crash.
Since there were problem such as the Stock Market Crash and unemployment there were three ways the New Deal helped repair these economic …show more content…

It was designed to help the economy bounce back from the Great Depression. The National Industrial Act was one form of recovery that was implemented under the New Deal. This act was the first attempt to recover the economy and created the National Recovery Administration (NRA). The NRA stimulated industrial production and improved competition by drafting corporate codes of conduct. The act helped set up the Public Works Administration (PWA) which constructed public road and buildings. President Roosevelt believed that improving the public infrastructure would put more money into the

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