Free Essays on New Deal

NEW DEAL In October 1929, Franklin D. Roosevelt was governor of New York when the Wall Street Crash created the worst depression in American history. He made desperate attempts to help those who were unemployed. Roosevelt also set up the New York State Emergency Relief Commission and appointed the respected Harry Hopkins to run the agency. Frances Perkins, who was a well-known person with a good record for helping the disadvantaged, was recruited to the team as state industrial commissioner. With the help of Hopkins and Perkins, Roosevelt introduced help for the unemployed and those too old to work. Roosevelt was seen as a role model with great success as governor of New York. Therefore, when the Election of 1932 came about, he was the obvious choice as the Democratic presidential candidate. Although Roosevelt was not specific about what he would do about the economic depression, he easily defeated his opponent, Herbert Hoover. Roosevelt's first act as president was to deal with the country's banking crisis. Since the beginning of the depression, one-fifth of all banks were forced to close. As a result, around fifteen percent of people's life-savings had been lost. By the beginning of 1933 the American people were beginning to lose faith in their banking systems and a large portion were withdrawing their money and keeping it at home. The day after taking office as president, Roosevelt ordered all banks to close. He then asked Congress to pass legislation. This would guarantee that savers would not lose their money if there were another financial crisis. On 9th March 1933, Franklin D. Roosevelt called a special session of Congress. He told the members that unemployment could only be solved, "by direct recruiting by the Government itself." For the following three months, Roosevelt proposed a series of important bills that attempted to deal with the problem of unemployment. Congress passed these bills. The special session of Co... Free Essays on New Deal Free Essays on New Deal NEW DEAL In October 1929, Franklin D. Roosevelt was governor of New York when the Wall Street Crash created the worst depression in American history. He made desperate attempts to help those who were unemployed. Roosevelt also set up the New York State Emergency Relief Commission and appointed the respected Harry Hopkins to run the agency. Frances Perkins, who was a well-known person with a good record for helping the disadvantaged, was recruited to the team as state industrial commissioner. With the help of Hopkins and Perkins, Roosevelt introduced help for the unemployed and those too old to work. Roosevelt was seen as a role model with great success as governor of New York. Therefore, when the Election of 1932 came about, he was the obvious choice as the Democratic presidential candidate. Although Roosevelt was not specific about what he would do about the economic depression, he easily defeated his opponent, Herbert Hoover. Roosevelt's first act as president was to deal with the country's banking crisis. Since the beginning of the depression, one-fifth of all banks were forced to close. As a result, around fifteen percent of people's life-savings had been lost. By the beginning of 1933 the American people were beginning to lose faith in their banking systems and a large portion were withdrawing their money and keeping it at home. The day after taking office as president, Roosevelt ordered all banks to close. He then asked Congress to pass legislation. This would guarantee that savers would not lose their money if there were another financial crisis. On 9th March 1933, Franklin D. Roosevelt called a special session of Congress. He told the members that unemployment could only be solved, "by direct recruiting by the Government itself." For the following three months, Roosevelt proposed a series of important bills that attempted to deal with the problem of unemployment. Congress passed these bills. The special session of Co... Free Essays on New Deal Franklin D. Roosevelt’s New Deal was successful. The New Deal was used to refer to U.S. president Franklin D. Roosevelt's program to solve the economic problems created by the Great Depression of the 1930s. However, the New Deal didn’t end the depression, but it did relieve much economic hardships and gave Americans faith in the democratic system at a time when other nations hit by the depression turned to the dictators. The New Deal programs were admired by some people and rejected by other people. The reason to why it was successful was because of the many relief policies. These policies focused on three general goals: relief for the needy, economic recovery, and financial reform. The New Deal programs had many distinct policies that helped people gain confidence in economy and in the government. Roosevelt’s first goal was to provide relief for the needy. One of the largest programs begun under the New Deal was Works Progress Administration (WPA). The WPA provided work for needy people on the public works projects. Additional New Deal policy that helped achieve this goal was the Civilian Conservation Corps (CCC). The CCC was founded in 1933 to provide jobs for single males on conservation projects. New Deal also assisted the farmers by creating the Agricultural Adjustment Act (AAA). This act aided farmers and regulated crop production. The AAA raised crop prices by paying farmers to leave a certain amount of their land uncultivated, hence lowering production. Another program to provide direct relief for the needy was the Federal Emergency Relief Administration (FERA). The FERA cooperated with the states in relieving hardships caused by unemployment. Besides providing help for the needy, Roosevelt also wanted to establish programs that would guide in recovering the economy. After Hoover was elected as the president of United States and was rejected by the country, Franklin D. Roosevelt knew that somehow he had to gain back ... Free Essays on New Deal The most active First Hundred Days was under president Franklin Delano Roosevelt’s first term. In a desperate attempt to solving the woes of the American population, FDR and his Congress passed more bills than any other president-congressional combination as ever done in their first impression time period. FDR’s domestic policy, known more widely as the New Deal, was intended to be a group of innovative measures to counteract the effects of the Great Depression. Roosevelt and the U.S. Congress, trying to reduce unemployment, restore prosperity and return a sense of morale to American citizens, endorsed a wide variety of bills creating new federal programs and agencies. These agencies were known as alphabet agencies due to their titles that included many different letters (i.e., WPA, FERA, TVA). Although the New Deal was initiated to return prosperity to the American economy, in the long run, the New Deal was probably the worst policy ever started. Though providing quick relief to some areas of depression, the New Deal was overall a very socialist, perhaps even communist plan. Controlling prices, giving out jobs, commanding water flow, were just some of the many practices engaged in by the government tat went against capitalistic American point of views. Some agencies did do good, however. The New Deal’s dealing with the banks was performed very well. It returned trust in leaving money in the banks with the Federal Deposit Insurance Corporation (FDIC). This act insured investor’s deposits in banks tat were members of the FDIC. Also, the Securities and Exchange Commission (SEC) which set guidelines for the stock market to prevent speculation like that that led to the Great Depression. Despite those agencies mentioned above, the other creations of the New Deal led to nothing but trouble in the long run. Agencies such as the Civilian Conservation Corps (CCC), Works Progress Administration (WPA), and Public Works Act (PWA) creat...