Franklin D. Roosevelt and The New Deal

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Recommended: Effects of the stock market crash of 1929

Midterm Pt. II: Essay The New Deal Ambitious through his suffering of Polio, President Franklin D. Roosevelt was determined to bring major changes just as his uncle, Theodore Roosevelt had done years prior. After the stock market crash of 1929, his famed “New Deal” brought changes to the nation which seemed to reduce the stresses of the collapse, alleviating the pressures that it had on the American people. Roosevelt’s reform initiated the separation of banks into two sectors, commercial and investment banks. With these new changes came along the FDIC, otherwise known as the Federal Deposit Insurance Corporation, which insured an investor’s deposit and is extant to present day. Many changes don’t seem as complex on their surface when reading about them, but creating these required much critical thinking. Whether one would choose to agree or disagree with Roosevelt’s “New Deal”, it’s quite clear that his mission was so impactful on our nation that it very much laid the groundwork of the financial and social programs which are in place today. So do I feel the New Deal was a success or a failure? I can say that I support the belief that The New Deal is responsible for piggybacking America through the 20th and into the 21st century. It gave much more power to the American government by its call for “massive government intervention in the economy” which led to the population seeing the government as their new savior. In the information provided, Secretary of the Treasury, Henry Morgenthau had stated “We are spending more that we have ever” referring to Roosevelt’s plan as not fulfilling its intended purpose and making matters worse (Madaras. 9). On their surface, federally-funded programs mad lead us to witness and take part in a... ... middle of paper ... ...r intentional ethical wrongdoings on their surfaces in the courts to protect specific interests. Works Cited [1] Madaras, Larry, SoRelle, James, M., Ed., Taking Sides: Clashing Views in United States History, Vol. 2, Reconstruction to the Present, (New York, McGraw Hill, 2011). P. 253. [2] Madaras, James, P. 245. [3] Madaras, James, P. 242. [4] Madaras, James, 242. [5] Chafe, William, H., The Rise and Fall of the American Century: The United States from 1890-2009 (New York: Oxford University Press, 2009), 94. [6] Chafe, 92. [7] Madaras, James, 249. [8] Madaras, James, 251. [9] Madaras, James, 246. [10] Madaras, James, 241. [11] "The Progressive Era's Legacy: FDR's New Deal - Discover the Networks." The Progressive Era's Legacy: FDR's New Deal - Discover the Networks. N.p., n.d. Web. 01 Apr. 2014. [12] “USA Patriot Act." Investopedia. N.p., n.d. Web. 01 Apr. 2014.

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