Later on, however, the Supreme Court decided that several of Roosevelt’s laws were unconstitutional and they were subsequently vetoed. Moreover, after Roosevelt’s victory in the 1936 election, Roosevelt grew so confident that he felt he could replace members of the Supreme Court with people chosen by himself. However, this did no go down well with the American public and as a result many people began to oppose Roosevelt and his policies. Secondly, the New Deal meant that the rich were taxed more in order to pay for the schemes to help the poor. Many business leaders also opposed Roosevelt’s support for trade unions and employee rights.
Companies used huge amounts of advertising, but there was no demand for their products, as people's wages were still low, and prices were still high. Normally, America would have exported its surplus to Europe, but because American prices were so high, people in Europe could not afford them either. Also, Europe had put up its own trade tariffs to protect its companies from the American companies. The weaknesses beg... ... middle of paper ... ...le to do, and get paid for. The black Americans had been hit very hard by the depression, but, The New Deal CCC helped the black Americans gain benefits and other Agencies helped them improve the quality of life by improving housing conditions from slums to proper houses.
With the new deal came several changes to American economic, social, and public life. The first big change that this proposal introduced was the general idea of an authoritarian government protecting the common people. Until this deal, Americans shied away from socialism and strong federal government in fear of the rich and powerful taking advantage of the middle class. During the Great Depression, Roosevelt and his New Deal heroically sought out to aid the American people in this time of great need. Many acts such as the Social Security Act warmed people up to the idea of a stronger federal governmen... ... middle of paper ... ...haps the biggest effect on society was the increase in the size and power of the national government.
Although it is true that his New Deal program did aid many people during this period, extreme interaction in the American people’s lives made government dangerously big. During this period, many Americans felt that their government was moving from the ways of capitalism into the dangerous sights of socialism. This was due to new legislation that the New Deal provided that was initially intended to alleviate the pressures and disparities the great depression brought among many people. Although this was the intention, many groups “such as the American Liberty League, led by the Du Pont family, opposed the dictatorial course of the New Deal” as a result of the intervention with the American people’s money (“New Deal: Reform or Revolution”). When the “administration proposed to increase taxes on the wealthy, whose income tax could reach as high as 75 percent under this scheme”, many Americans viewed this proposal as an operation to make everyone equal therefore initiating socialism (“New Deal: Reform or Revolution”).
People were buying thousands of shares of stock for as little as 10% down. Then people lost ten times as much as they put in.For the economy to function properly, total demand must equal total supply. In the 1920's there was an oversupply of goods. 60 percent of cars and 80 percent of radios were bought on credit. The U.S. economy was also reliant upon luxury spending and investment from the rich to stay afloat during the 1920's.
This idea is radical in form because of the new government imposed restrictions, and conservatives may argue this movement shows signs of socialism. Many people saw implications that free enterprise was disappearing; Herbert Hoover specifically mentions in his Anti-New Deal Campaign speech that he proposes to “amend the tax laws so as not to defeat free men and free enterprise.” The threat to free enterprise challenged the American economy because u... ... middle of paper ... ...y new ideas, presidents after him felt they had a lot to live up to. Franklin D. Roosevelt “cast a long shadow on successors” with his New Deal program. Conservatives were constantly worried about the loss of their capitalist economy, but it is possible that Roosevelt’s greatest New Deal achievement is the fact he never allowed America to completely abandon democracy or turn to socialism or communism. Many New Deal programs fixed economic problems but did not completely solve social ones surrounding equality and discrimination.
This plan was established because many Americans didn't have enough money to buy goods and services that were needed or wanted. The installment plan stated that people could buy products on credit and make monthly payments. The one major problem with this idea was that people soon found out that they couldn't afford to make the monthly payment(Drewry and O'connor 559). In 1929 the stock market crashed. Many Americans purchased stocks because they were certain of the economy.
This plan was established because many Americans didn 't have enough money to buy goods and services that were needed or wanted. The installment plan stated that people could buy products on credit and make monthly payments. The one major problem with this idea was that people soon found out that they couldn 't afford to make the monthly payment(Drewry and O 'connor 559). In 1929 the stock market crashed. Many Americans purchased stocks because they were certain of the economy.
Sometimes it is smart to rush in, but the stock market isn’t like that. It isn’t a great idea to be a fool and rush in to stocks; the Roaring 20’s was an exception to this rule(most were well-to-do). The stocks help many Americans double the amount of money they have in an elaborate, fun way. The stock market helps keep many businesses around, and helps investors when they sell it. The stock market was crumbling... ... middle of paper ... ...n of manufactured goods, resulting in businesses to shut down, so millions were out of work.
A group on bankers gathered together and after the short meeting they had, they announced they are going to buy the stock shares on the market. Bankers bought those stocks with the millions of dollars their banks produce. There were some problems when it came to agreements on prices though but after a day or two the public confidence was returned. President Hoover reassured his nation by saying “The fundamental business of the country – that is, the production and distribution of goods and services – is on a sound and rich basis.” The business of the country was not actually sound based. The economists were saying factories were producing more goods than even workers or consumers will be able to buy, in other words, the consumers would not be able to afford.