After the Stock Market Crash of 1929, the stock market and the entire nation was ushered into a new age, The Great Depression. Many lives were shattered with the downfall of the market, every single movement by the Federal Reserve was watched and banks began to fail with the continuous withdraws of money, forcing many to close down leaving Americans who never get their money in time poor. One man though, had the rights and the responsibilities to change our economic situation, and shape what we know today as America. Franklin D. Roosevelt started The New Deal, many of its individual programs which still to this day affect us. While most people state that the economy recovered due to Franklin D. Roosevelt’s New Deal Program, others considered World War II the end of the Great Depression and the economic crisis in its entirety, blaming Franklin D. Roosevelt for not implementing bigger reforms in order to turn the tide of the Great Depression.
Thesis: The various programs created by FDR’s New Deal helped bring the United States out of The Great Depression.
Who was FDR
Why was he popular
Leading up to the Great Depression, there were many problems that needed significant attention. The stock market crash was the primary contributor to the long years of national depression of the 1930s, but the events that came along with it were also very trying. Bank failures, mass unemployment, agricultural collapse, and industrial failures were all factors in this era of overwhelming melancholy, but with the election of 1932, a new plan was formed to change everything. President Roosevelt's New Deal was a new and radical approach to resolving the problems of the Great Depression because it was more left-winged than most ideas of that time and it contained innovative notions and concepts. Though unsuccessful in the end, his new plan for bringing the country out of despair was certainly creative and brought new ideas to the people about women in society and the care of the American people.
The New Deal
a) In 1933, the new president of America, Franklin D Roosevelt,
introduced The New Deal. He did this because of America's economic
depression at the time.
For example, many banks went bankrupt in the Wall Street Crash. This
happened because, during the economic many people got involved in the
stock market, especially in speculation.
The United States faced the worst economic downfall in history during the Great Depression. A domino effect devastated every aspect of the economy, unemployment rate was at an all time high, banks were declaring bankruptcy and the frustration of the general public led to the highest suicide rates America has ever encountered. In the 1930’s Franklin D Roosevelt introduced the New Deal reforms, which aimed to “reconcile democracy, individual liberty and economic planning” (Liberty 863). The New Deal reforms were effective in the short term but faced criticism as it transformed the role of government and shaped the lives of American citizens.
The Works Progress Administration had the greatest effect on bringing the Great Depression to end out of all the programs that were created. The WPA was officially created on May 6th of 1933. President Franklin D. Roosevelt signed an executive order to construct the program. It was made under the support of the Emergency Relief Appropriation Act. At the time the relief program was put into action, there were around 10 million people who were unemployed. The program’s goal was to create as many jobs as possible and get the American people working again. Harry Hopkins worked very closely to the program and was originally given $4.8 billion to fund the plan. He believed that even though the program cost more than the others, it would be well worth
The New Deal
"How well did the New Deal combat the Depression?" I think that the
answer to this question is that it did very well and I would give it a grade of
When Roosevelt took office, in 1933, he had three goals in mind, to save
the banks, save the people, and to rebuild the economy. He set his sights on
returning the banks to their prosperous days of the pre-depression age.
Do you know what it’s like to live in a cardboard home, starve, and raise a family in poverty? Unfortunately, most Americans in the 1930s went through this on a day-to-day basis. In 1929 the stock market crashed. Many people lost their life savings; they invested everything they owned in a failing stock market. The country was falling, everyone needed strong leadership and help from the government.
The New Deal
The New Deal period has generally - but not unanimously - been seen as a turning point in American politics, with the states relinquishing much of their autonomy, the President acquiring new authority and importance, and the role of government in citizens' lives increasing. The extent to which this was planned by the architect of the New Deal, Franklin D. Roosevelt, has been greatly contested, however. Yet, while it is instructive to note the limitations of Roosevelt's leadership, there is not much sense in the claims that the New Deal was haphazard, a jumble of expedient and populist schemes, or as W. Williams has put it, "undirected". FDR had a clear overarching vision of what he wanted to do to America, and was prepared to drive through the structural changes required to achieve this vision.
The New Deal was a set of acts that effectively gave Americans a new sense of hope after the Great Depression. The New Deal advocated for women’s rights, worked towards ending discrimination in the workplace, offered various jobs to African Americans, and employed millions through new relief programs. Franklin Delano Roosevelt (FDR), made it his duty to ensure that something was being done. This helped restore the public's confidence and showed that relief was possible. The New Deal helped serve American’s interest, specifically helping women, african american, and the unemployed and proved to them that something was being done to help them.