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New Deal Dbq

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Recommended: Introduction about great depression

Successes of the New Deal

During the 1930s, the United States was submerged in a financial crisis known as the Great Depression when the economy collapsed due to the Stock Market crash of 1929. Investors withdrew their money from American stocks and prices fell drastically. In the months following the crash, over 9,000 banks failed and a great deal of money was lost. The effects of this were extremely high rates of unemployment, poverty, and homelessness throughout the country. President Herbert Hoover made attempts to save the nation by establishing the Reconstruction Finance Corporation and signing the Smoot-Hawley Tariff. Unfortunately, nothing Hoover did helped to recover the crippled economy. In 1932, when president Franklin D. Roosevelt …show more content…

Roosevelt emphasized that the objectives of the New Deal were to provide relief, recovery, and reform. In fact, it most effectively provided relief to solve people’s suffering. The New Deal offered many programs called alphabet agencies to do this. The Federal Emergency Relief Administration offered the most direct aid to the nation. This agency sent millions of dollars to states to use in payments and food for the unemployed. Another agency that provided tremendous relief was the Civilian Conservation Corps. The CCC supplied over 2 million young, unmarried men with environmental jobs such as replanting forests, building trails, digging irrigation ditches, and fighting forest fires (Pearson 304). Similar to how the Tennessee Valley Authority supplied jobs to build the power plants and dams shown in Document 4. The men were given shelter, clothing, and food with a wage of about $30 per month. As Stanley Watson describes in Document 3, the CCC offered him wonderful opportunity and allowed him to continue his education and attend college despite his state of financial struggle. The third agency that provided a great amount of relief was the Home Owners' Loan Corporation which lowered mortgages to stop foreclosures. Therefore, more people were able to keep their homes and homelessness

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342 Words | 2 Pages

The New Deal was the name President Franklin D. Roosevelt gave to the series of programs between 1933–1937 with the goal of relief, recovery and reform of the United States economy during the Great Depression. Dozens of alphabet agencies were created as a result. Historians distinguish the "First New Deal" of 1933 that had something for almost every group, and the "Second New Deal" (1935–37) that introduced an element of class conflict. The opponents of the New Deal, complaining of the cost and the shift of

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1017 Words | 5 Pages

In response to the Depression Hoover did put in the effort however the measures taken were too minimalistic and too late, therefore his actions were largely ineffective to solve the social, political and economic challenges posed by the Great

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728 Words | 3 Pages

This tragic event sent Wall Street into a complete frenzy and took out millions of investors. Over the next few years, consumer investment and spending decreased. This caused sharp declines in manufacturing production and rising levels of unemployment. By 1933, 13 plus million Americans were unemployed and nearly half of the country’s banks failed (Coker, 2005). Thanks to the reform and relief measures placed by President Franklin D. Roosevelt helped diminish the most horrible effects of the Great Depression.

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343 Words | 2 Pages

The men got paid a dollar a day. The Civilian Conservation Corporation provided meals and board for the men (Source G). 1 out of 4 men were jobless (Source C).

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564 Words | 3 Pages

The wealth during the 1920s left Americans unprepared for the economic depression they would face in the 1930s. The Great Depression occurred because of overproduction by farmers and factories, consumption of goods decreased, uneven distribution of wealth, and overexpansion of credit. Hoover was president when the depression first began, and he maintained the government’s laissez-faire attitude in the economy. However, after the election of FDR in 1932, his many alphabet soup programs in his first one hundred days in office addressed the nation’s need for change.

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949 Words | 4 Pages

In the 1930’s a group of government programs and policies were established under President Franklin D. Roosevelt, they were created with the intention to help the American people during The Great Depression. The Great Depression was a time were many banks failed, many businesses and factories went bankrupt, and millions of Americans are out of work, homeless, and hungry. Most New Deal programs gave American citizens economic relief, chances for employment and helped for the general good. The New Deal’s intention was to help Americans during these troubling times filled with economic uncertainty, and in that aspect, it was a success. After the New Deal was implemented, unemployment rates were gradually lowered.

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1080 Words | 5 Pages

Herbert Hoover’s presidency is associated with the Great Depression seeing that eight months into his term, the stock market collapsed starting an economic depression that would leave 23% of Americans unemployed by 1932. Hoover failed to take the actions needed to help the country initially, however in his annual speech to Congress in 1932, Hoover discusses three directions in which the government can take to aid the rebuilding of the economy. When the United States Stock Market crashed in October 1929 and the country began its ten year Depression, businesses and banks began closing left and right. This caused many Americans to lose their jobs and created massive amounts of poverty throughout the country. Prices became inflated and simple,

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748 Words | 3 Pages

After the Roaring 20s, the country was in despair due to the Great Depression. May people were unemployed, and had no way to help themselves. Conservative presidents such as Herbert Hoover and Calvin Coolidge didn’t use the power of the government to help the people during this time. They believed that government shouldn’t be in control of the economy and the industries that run it. Years later, Franklin Roosevelt will become president in 1933 and introduced the New Deal policy, which helped create thousands of jobs and revitalize a dying economy.

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819 Words | 4 Pages

The Glass-Steagall Banking Reform Act provided insurance for individual deposits up to $5000 to end the bank failures and it significantly help financial front and protect gold reserves and paper currency (AP, 754). In Relief, the president created jobs for the jobless by passing the Civilian Conservation Corps provided regular citizens to work on projects across the country, mostly in state and national parks. He used federal money to assist the unemployed and help industrial recovery by creating programs that put professional builders and construction workers to work making dams, school, and water systems ad roads across the nation. Roosevelt helped agriculture as well by paying farmers a subsidy to produce less crops or plant others so that the supply would equal the demand of food, helping prices and production

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721 Words | 3 Pages

Civilian Conservation Corps and Public Works Administration construction projects put millions back on payroll building infrastructure (Chapter 9, 446). Reinstating employment allowed unions to rebuild their dues bases and bargaining clout. Moreover, policies boosted consumer purchasing power, as "reviving employment and consumer demand resulted in an economy promoting union growth. " Unemployment had nearly halved from its 1933 peak as these programs increased labor leverage. Pro-labor policies coupled with crisis spending aligned to foster conditions ripe for

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1018 Words | 5 Pages

With hard times in the depression of 1930, the New Deal was created to help people that were impacted. In the New Deal, there were 24 programs. One of which is the REA. The REA is the Rural Electrification Association. President Roosevelt issued order 7037, and this started the act.

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562 Words | 3 Pages

The Home Owners Loan Corporation provided loans for houses and that reduced the homeless and got them off of the streets. People recovered a little, the people wanted to change their

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668 Words | 3 Pages

This was also known as a program called the Social Security Administration (SSA) which provided insurance for the elderly and unemployed. According to document C, “Are your debts less burdensome” Yes, Yes thanks to your H.O.L.C (Home Owners’ Loan Corporation)”. “Is your bank account more secure?”

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777 Words | 4 Pages

The CCC hired city dwellers to work in America’s national parks, forests, wilderness areas, and the countryside (textbook 778). The CCC didn't just provide jobs for those who needed them, but this program also conserved the nation's natural resources (textbook 778). This is great because it's a win-win situation for both America for its environment for and America for its citizens. It is great for the environment because workers are helping reserving many national parks and forests by not wasting them away and having them preserved. At the same time, citizens with no jobs and no way to provide themselves and their family, got a job from the program.

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1037 Words | 5 Pages

The response of FDR’s administration to the problems of The Great Depression was effective because they established many New Deal programs that dealt with labor issues, revived private enterprise and banking practices, and provided better use of land and

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