Social and Economic Impact of The New Deal Essay

Roosevelt created the New Deal. Roosevelt, former Progressive, want to radically reform Industrial Capitalism. The New Deal was Roosevelt economic policy to help fix the economy and fix the problems of Industrial Capitalism. Like the Progressives, the New Deal wanted Government to have more control over the economy .The New Deal adopted a “deficit spending” type of economy; this wanted the government to have more control over America’s money. To help stabilize the economy the New Deal created the monetary reform. This end the gold standard created and gave the government more control over the economy. The Mellon Plan created during the Roaring twenties was destroyed, giving the government more money. The New Deal was also able to created more jobs for people in America. The Civilian Conservation Corps and the Works Progress Administration help to employ more people. Also the legalizing of unions help to improve work conditions for the workers. Even though The New Deal was effective at helping workers by creating more jobs and stabilized the monetary system, Industrial Capitalism still had

With troubling incidents like the stock market crash of 1929, reform was highly necessary to never have a relapse of these events in the future. Historian Allan Nevins says that the New Deal was the epiphany the government needed to possess greater responsibility for the economic welfare of its citizens. It made the government initiate attempts to reorganize the economic turmoil and restore the people’s faith in banking system which was successful with the Emergency Banking Relief Act and Bank Holiday. Congress allotted for the Treasury Department to weed out the unfit banks and reopen the stable banks, significantly lowering bank failures. Especially with measures like the Glass-Steagall Act it offered assurance and insurance to citizens with a compensation of 5,000 dollars in the case of an inconvenience of their bank and since the creation of the FDIC there were no incidents in which a depositor has lost its insured funds. Many of the legislations passed under the Reform point remained for fifty years to prove the reliability and effectiveness like the Securities and Exchange Commission that regulated stock market activities and prevented another large scale crash to occur, keeping the economy at bay. And the Social Security Act of 1935 to reinforce the sensation of

The Great Depression of the 1930’s was caused by many problems. They include overproduction, monetary policy, war debt, tariffs, the stock market crash, and unequal distribution of wealth. These each play a specific and intricate role in bringing the U.S economy to its knees.

The New Deal was a necessary program out in place which helped the nation and expanded the role of the government in a positive way. The nation was struggling in effect of the Great Depression and going through a hard time, and the New Deal helped the country out of it. Alone, the citizens of the United States would have never been able to pull themselves out of this mess, but the government stepped in and helped to fix the nation. The benefits of the New Deal can best be summed up with the three R’s: relief, recovery, and reform.

The New Deal increased the role of the federal government in the lives of Americans. For example, the Social Security Act caused people to start relying on the government to provide them with a source of income as support after retirement. The Fair Labors Standards Act is another example of when the government started to step in to protect the rights of American workers, defining exactly what they were entitled to. The New Deal programs led to the creation of the modern welfare state, in which Americans started to depend more on the government for relief. In times of a recession, Americans now know that the government will lower taxes and increase spending, and make sure that they won’t lose everything. The government started to take more control of the economy, which impacted the lives of Americans, and signaled a change from before the New Deal, as the government had taken on a laissez-faire policy.

The New Deal forever changed the Federal Governments ' relationship with the American people. More than one-quarter of the American workforce was unemployed by 1932. When Roosevelt took office in January, 1933, he aimed to restore dignity and prosperity to the American people. The New Deal was comprised of three main points, to provide assistance to needy Americans, to improve the level of the economy , and to pass laws to eradicate poverty and unemployment. Many referred to this as the three R 's - Recovery, Relief and Reform.

The New Deal was an initiative set forth by Franklin D. Roosevelt when he entered the presidential office. The New Deal consisted of multiple programs, projects, and reforms in order to bring America back into financial stability after the Wall Street crash of 1929 which directly led into the Great Depression. Some of these programs and projects majorly revolved around helping out the unemployed, the elderly, the youth, and farmers. The New Deal also heavily focused on fixing the banks and making safer and better decisions on how to protect the country’s monetary system.

The New Deal was created to combat unemployment. This program focused on the three R’s-- relief, recovery, and reform. It created many construction related jobs. The New Deal created programs to help the economy rebuild itself. This was the most effective idea that rescued America from economic devastation. The New Deal was the greatest action taken to combat unemployment.

The new deal provided helping programs such as the Social securities act, WPA, and the federal Emergency Relief Act to lower unemployment and to help those who couldn't

Franklin D. Roosevelt’s New Deal did more good than bad and ultimately pulled America out of the Great Depression for the most part. The Great Depression left millions devastated and unemployed with broken lives but The New Deal brought new opportunities. People could now be employed with new jobs, deposit their money in newly reformed banks, and could have social security. FDR also provided relief for farmers and for the needy. Without Roosevelt’s proposal, America could have easily collapsed entirely.

The Great Depression causing severe unemployment created immense human suffering, while destroying faith in the future. The Stock market crash of 1929 was a severe decline in the U.S. stock market values in 1929 that contributed to the unemployment of the Great Depression. When the stock market crashed in 1929, investors began trading in currencies and commodities.

The Great Depression was not caused by one factor, but instead a combination of domestic and worldwide conditions. After the stock market crash that occurred on Tuesday, October 29, 1929 the American people lost their trust and confidence in the stock market and banks. Banks went out of business or failed and people who had their money invested, lost it. People stopped buying items and many businesses sank. Farmers lost everything due to severe drought conditions. American economic policies were flawed and the people were worried about the financial future. The effects of the Great Depression were huge across the world.

Creating jobs was a big reason why the New Deal was successful because it created an income for families that didn't have one at the time. During the New Deal there was 34 million people without a source of income.During this time the government provided work for the community to try to help out some people.

     Despite those agencies mentioned above, the other creations of the New Deal led to nothing but trouble in the long run. Agencies such as the Civilian Conservation Corps (CCC), Works Progress Administration (WPA), and Public Works Act (PWA) created jobs for none other than young white men, excluding women and blacks to a large degree. These agencies provided so-called jobs to men, though they were not considered jobs to critics of the program, who called them boondoggling jobs. Some people were required to dig a trench, then fill it in again just so they could get a salary and say they had a job. Conservatives condemned this as a waste of government funds. The Tennessee Valley Authority, or the TVA, was created mainly to set standards for electric rates, but also for jobs, reforestation and flood control. In the program, Congress measured the cost of providing electricity to this region and determined standard rates. Conservatives declared that Congress was “pouring socialism in concrete.” This meant that by building the dams, the government gained the ability to control prices, a socialist concept. Also accursed as socialist was the National Recovery Administration, or NRA, which set up standard competitive codes for each industry, again giving government control of

The New Deal was created under the authority of President Franklin D. Roosevelt. He wanted to help the change the economy that had been so badly hurt by his predecessor lack of involvement. He believed that by expanding the authority of the federal government, and getting involved in more aspects of the economy, the United States should bounce back from the “Great Depression”.