New Deal Dbq

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Recommended: The economic impacts of the new deal

In the 1920’s Americans were living every day as though it was their last. They celebrated the victory of the first World War. With all of the partying going on, money was being spent carelessly and with the new credit system the United States experienced the highest debt rate ever before. After Herbert Hoover’s struggle during the depression, his presidency came to an end and in 1933 Franklin D. Roosevelt became the new president. With the U.S at its lowest, FDR hoped to revive America with creation of the New Deal. The New Deal was made for relief, recovery, and reform. This gave Americans a positive outlook on the future and the push that was needed to get back on track. Because of this bold move made by Roosevelt the New Deal became a success for many reasons. …show more content…

Because of the hands off policy many people at first didn’t want any government interferences however it got to the point where Roosevelt felt that it was necessary. This gave Americans a positive outlook on the future and the push that was needed to get back on track Roosevelt also shut down all banks as soon as possible to have an inspection to figure out what went wrong and how to avoid it from ever happening again. “Banking and stock systems become stabilized and regulated (FDIC, SEC, Glass- Steagall) (Impact of the New Deal).” The FDIC for example was one of the acts passed made to protect bank depositors from anything fraud which was one of the many steps that helped protect the people’s money from being taken without any

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