Roosevelt's New Deal and the Great Depression

analytical Essay
628 words
628 words

When Franklin D. Roosevelt accepted the Democratic nomination for presidency in 1932, he promised the American people a “New Deal.” The New Deal was President Roosevelt’s program to deal with the deepening Great Depression. On March 9, 1933, exactly five days after his inauguration, FDR kept his promise he made to the people and began implementing his New Deal. The purpose of the New Deal was to relieve the economic hardship, to help millions of Americans, and to solve the unemployment problem. However, after the New Deal was implemented, the economic system worsened through increased inflation and heavy deficit. Millions of farmers were left destitute, businesses failed, and the unemployment rate rose drastically. As a result, FDR’s New Deal prolonged the Great Depression. President Roosevelt wanted to increase inflation with the purpose of raising prices. His very first program passed was The Emergency Banking Relief Act with the intent of increasing the money supply and credit expansion. FDR wanted to re-inflate and raise prices and wages. He was convinced that the dollar sh...

In this essay, the author

  • Explains that franklin d. roosevelt promised the american people a "new deal" to deal with the deepening great depression. the economic system worsened after the new deal was implemented.
  • States that president roosevelt wanted to increase inflation with the purpose of raising prices. the emergency banking relief act authorized the secretary of the treasury to take away all the gold coins and certificates from the american people.
  • Explains that the agriculture adjustment act (aaa) was one of fdr's most famous programs. it was implemented with the purpose of raising farm income by reducing acres planted, paying farmers not toe plant, and organizing food distribution.
  • Explains that the nra's stated purpose was to regulate business, develop price codes, set wages, and manage working conditions and schedules. shorter hours and higher wages increased business costs and forced businesses to reduce staff.
  • Explains that roosevelt's budget projected an income of three billion and an expense of ten billion, and the national debt grew from $22 12 billion in 1933 to $40
  • Analyzes how roosevelt's new deal extended the trauma and hardships of the great depression.
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