The 1920s were called “The Roaring Twenties” because many people contributed to the economy. This led to overproduction, and eventually, the stock market crash of 1929. The stock market crash was a big event that led to a lot of bank runs. After the bank runs out, very few people receive all of their money. A tariff was introduced that taxed imported goods, effectively cutting off trade. Because of this, less money was put into the economy, people lost their jobs, and the US was in the Great Depression. People couldn’t afford to buy things anymore, wages were cut and many people became homeless. President Herbert Hoover decided to have the government become only slightly involved in the economy. These policies didn’t help because the gross …show more content…
A letter was written to Harry L. Hopkins, the administrator of FERA in New York, NY on May 25, 1936. An American citizen was upset that working taxpayers needed to pay more to support non-working people. They believed that the administration should be entirely replaced if it continued. The writer was against this relief program because he believed it was taking away from taxpayers and giving to people who were “lazy” and from his perspective, didn’t deserve the money. The New Deal was a failure because it made taxpayers pay more to provide for the “lazy” people who were not currently working. Another piece of evidence that supports this claim is a letter written by Roy Wilkins, an NAACP secretary to Robert Weaver. Weaver was an American economist and politician. The letter was about the NAACP’s concern with the FHA’s racial tendencies when dealing with housing loans. Wilkins was concerned about the way that the FHA was giving out loans. The FHA was very racist and didn’t allow black people to receive loans for a house. This shows that the New Deal was a failure because of the loans that the FHA gave out in a racist manner. Although some evidence supports the idea that the New Deal was a failure, more evidence suggests that it was very …show more content…
On April 5, 1936, workers from the Works Progress Administration (WPA) at Battle Creek, Michigan, wrote a letter to President Roosevelt. The W.P.A. workers told Roosevelt how good the program was. They felt that they were earning their money, rather than just being given it. The workers were grateful for the new jobs as well as the money that they earned to put into the economy. They expressed gratitude for the New Deal and wanted it to continue. The New Deal was a success because people were able to get jobs through the program and felt that they earned the money that they made. The New Deal gave people much more confidence, which helped repair the economy. A graph of US unemployment rates from the years 1930-1945 shows unemployment rates during the Great Depression and when Roosevelt took office. The graph shows that Roosevelt taking office and the New Deal led to the lowering of unemployment rates in the US. The Great Depression increased unemployment rates significantly. However, when Roosevelt took office and created the New Deal, the unemployment rate decreased due to all of the jobs that the New Deal created.The graph proves that the New Deal was a success because it led to the decrease of unemployment rates. In conclusion, the New Deal helped the economy by giving people jobs and fixing the US unemployment