Urban Culture: The New Deal

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Recommended: The economic history of the us in the 1920 and 1930

The 1920s was a time of tremendous change in technology and the economy of America. Urban culture was the characteristic of this period. The economy of America started to boom by the consumer economy and stock market. If I was a businessman during that time, my life would be wealthy and modern. My factory started to have larger profits. There was a circulation between the businesses and customers in the consumer economy. A period where people had money to spend, and weren't afraid to spend it, because they believed they would only continue to make money. At the age of “get rich quick”, people played the stock market as a short investment. There was an uneven prosperity between rich and poor people. The less wealthy investors played a risky …show more content…

Although I think the New Deal helped a lot in my life, it wasn’t perfect. There were some problems existed. The New Deal had only limited success in eliminating poverty, the unequal distribution of wealth still existed, and it would retard recovery. Also, the New Deal created a dangerously powerful federal bureaucracy, it usurped the role of state government in making public policy. It hindered economic progress, threatened American free enterprise, and encouraged inefficient use of resources. I opposed deficit spending, it would lead the nation into debt. New Deal required the government to borrow money, it would make less money available for private borrowing by businesses and consumers. In 1937 , massive government spending led the economy collapsed. The nation was at rising national debt. The New Deal changed the way many Americans thought about labor unions, and made union membership more attractive to workers. Coalition was created to challenge conditions in industry. It led to a wave of strikes. The New Deal did not vanish completely when the Depression ended. It brought lasting influence in American life. The New Deal restored a sense of hope. People accepted more government intervention in their lives, and they grew accustomed to a much larger government. They trusted and looked to government for support. Many New Deal bridges, dams, and hospitals still exist. The Social Security Administration raised benefit amounts and provided monthly benefit checks instead of one time payment. They also provided benefits for recipient’s dependents and

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