New Deal Thesis

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“Sell! Sell! Sell!” These will be the words the world will never forget. The Wall Street Crash, many may describe as a roller coaster. Just when you’re at the peak filled with excited, everything drops so quickly that you don’t even remember how it happened. The Wall Street Crash started in October 1929 after World War 1 and the Reconstruction period. Not only was this start off the Great Depression, but it also started a psychological blow to everyone who invested in stocks ("The Wall Street Crash and Depression."). The Crash on Wall Street proved to America how other countries connect and if one country’s stock market crashes we does everyone else's. Many Americans panicked when an astonishing number of shares of stocks were being sold. …show more content…

Roosevelt proposed a new concept called “The New Deal”. Because the Wall Street Crash had such a psychological impact on Americans, citizens started to see the sun again when they heard about “The New Deal”. The goal for “The New Deal” was to transform America’s economy and fix what the Great Depression destroyed. The main purpose for the “New Deal” was to many issues which include social, economic, and financial. Items that were included in The New Deal consisted of multiple acts ("The New Deal”). Roosevelt insisted on passing a Beer Act on March 20, 1933. This act would then obliterate prohibition. Selling beer would heighten America’s economy and inflate revenue for the government by taxes. People in America could finally have a feel-good factor and would be able to drink an alcoholic drink without being arrested (“The New Deal”). On March 25, 1993 F.D.Roosevelt wanted Congress to pass another act which was the Economy Act. Any American who worked for the government or for the American armed forces by 15% (“The New Deal”). Government also cut 25% on governmental spending. More money was being saved from these cuts. In fact about $1 million were saved from these cuts and that money contributed to financing the New Deal. The Emergency Banking Act of 1933 purpose was to promise that people’s deposits in the banks were safe and insured in case of another time in panic. The main purpose of the Agriculture Act of 1933 was to pay farmers to cut down on producing an abundant amount of crops (“The New

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