New Deal Dbq

The New Deal was Franklin D. Roosevelt’s (FDR) response to handle the great depression. FDR created many different programs to help employ the unemployed, build financial and economic growth as well as security. As well as created agencies to ensure the health and wellbeing of those people who are over 65 with the Social Security Act. (Volpe) His plan also included the introduction of federally insured banking investments with the Federal Deposit Insurance Corporation (FDIC). (Volpe) FDR established the National Industrial Recovery Act (NIRA) which consisted of the Publics Work Administration (PWA), Works Progress Administration (WPA), and National Recovery Administration (NRA). (Volpe) All of these programs may not seem important today, but

In addition, it provided assistance to blind and handicapped Americans and to dependent children who did not have a wage-earning parent. The act also established the nation's first federally-sponsored system of unemployment insurance.” (Digital History) The Act was funded by small deductions from employees and the employer, this was to ensure that the funding would not be from the government but from the people back to the people. (Digital History) With the people taken care of next will be focused on regaining trust with the banks and security of deposits

FDR came up with a plan to put faith back into the banking system as well as insure the customer’s money was going to be their when they needed it. This program was called the FDIC “President Roosevelt signs this act on June 16, 1933, to raise the confidence of the U.S. public in the banking system by alleviating the disruptions caused by bank failures and bank runs. From 1929 to 1933, bank failures resulted in losses to depositors of about $1.3 billion. Before the FDIC was in operation, large-scale cash demands of fearful depositors often struck the fatal blow to banks that might otherwise have survived. Since the FDIC went into operation, bank runs no longer constitute a threat to the banking industry.” (Federal Deposit) The FDIC is something we take for granted and never really contemplate about how important is it due to the fact it provides us with the security of knowing the money will be their when someone needs it. Another thing we take for granted and do not step back and appreciate is the work the NIRA did while it was