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New Deal Dbq

591 Words3 Pages

Franklin D. Roosevelt’s New Deal was a series of programs enacted in the United States mainly between 1933 and 1938. The New Deal included both laws passed by Congress as well as presidential executive orders. Throughout the New Deal the idea of security was a reoccurring theme. As a way of achieving security and stability throughout the country for both the economy and for the people, Roosevelt’s New Deal brought about many reforms and installations of new institutions.
The term “security” in relation to the New Deal meant having stability throughout many aspects of the country. The New Deal’s search for security covered job, life-cycle, financial and market security; security for vulnerable individuals, security for capitalists, consumers, corporations, employers, workers, farms, homeowners, bankers, and builders. …show more content…

In order to reach security, the New Deal underwent many different measures that all focused on creating an American system of relatively riskless capitalism. The first measure of the New Deal was to reform the financial sector. The goal was to instill stability into the American banking system by promoting a new institution and structural change. The target of the structural change was to separate investment banks from commercial banks in the hope of securing savings against the risk of being used for unapproved purposes. The Federal Bank Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC) both played major roles in the New Deal’s financial sector reform. The FDIC freed banks and depositors from the fear of financial panics, while the SEC majorly improved the

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In the early years of the Great Depression, Americans distrusted the banks since “Black Tuesday” that caused their laborious life. In some cases, not only their saving disappeared in vain, they fell into the depth of debts because of the investments with credits. FDR and his Hundred Days Congress were responsible for relief, recovery, and reform over banking issues. They steadily reopened the banks that have been closed since the declaration of a national banking holiday.

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