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New Deal Dbq

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Recommended: Great Depression in the United States

On October 29 1929 America entered the worst depression in American history. With unemployment and poverty at a peak, droughts and dust storms raging across the plains, America faced some of its bleakest years, and many lost hope. Franklin Delano Roosevelt was elected into office in 1932; he entered the white house promising a “New deal” for America. With his New Deal, Roosevelt instituted bold in the federal government which successfully established Roosevelt’s three R’s: Relieve, Recover and Reform; relief for the needy, economic recovery, and financial reform.
In the peak of the great depression the unemployment rate rose to 25%, leaving millions of Americans unemployed, homeless, and hungry. FDR’s first step of the new deal was to provide relief, establishing acts such as the CCC, CWA, FERA and more. One of the first major programs established, and FDR’s favorite was the CCC; The Civilian Conservation Corps was purposed promote environmental …show more content…

According to FDIC.gov “An average of more than 600 banks per year failed between 1921 and 1929”. This led to millions of people losing the money they put into bank accounts, for some it was their entire life’s saving. It was this lack of security in deposits that led to the establishment of the FDIC (Federal Deposit Insurance Corporation). This program let the public have security when investing money in the banks by having bank deposits insured, not only was the FDIC successful in the 1930’s but it is also hugely successful today, almost every bank in America is FDIC insured. What perhaps is the most widely known program form FRD’s New Deal was the SSA (Social Security Act). This act was passed as a result of poverty and unemployment among the elderly, and the lack of job security for the elderly who did hold jobs; it was purposed to provide an income to the elderly whom were no longer able to

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