The Pros And Cons Of The New Deal

To help recover the nation, the New Deal was designed to bring the economy back to its pre-depression levels. It achieved that by deficit spending, dropping the gold standard, and increasing foreign trade. To reform the nation, the New Deal made it possible for the economy to be stabilized. The reform measures that President Roosevelt proposed included the NIRA or the National Industrial Recovery Act, the regulation of Wall Street by the SEA or Security Exchange Act, the AAA or Agricultural Adjustment Act that was intended for farm programs, the FDIC or the Federal Deposit Insurance Corporation that dealt with insurance for bank deposits, as well as the Wagner Act, which dealt with labor-management relations.

The United States encountered many ordeals during the Great Depression (1929-1939). Poverty, unemployment and despair clouded the “American Dream” and intensified the urgency for solutions to address and control the nationwide damage. President Franklin Roosevelt proposed the New Deal to detoxify the nation of its suffering. It can be argued that the New Deal was ineffective due to the inability to end the Great Depression with its short-term solutions and created more problems, however; it was successful in regards to providing direct relief for the needy, economic recovery and some structural reform for the majority of the general public in the severity of the Great Depression.

The new deal might not have totally finished the Great Depression but rather it improved the circumstance. The depression didn't end until World War II. However, it influenced individuals to have more expectation, it utilized a large number of individuals and enhanced the economy.Perhaps if their was more of the new deal it would have completely ended the depression but there was more good effects than bad.For numerous years, most financial experts trusted that the New Deal was the wellspring of recuperation from the Great Depression. The regular view depended on a couple of straightforward perceptions, the most focal of which were that the most noticeably awful years of the Great Depression as far as the two noteworthy macroeconomic factors

The New Deal was thought up by none other than president Franklin D. Roosevelt. Roosevelt’s intentions were meant to help with the current depression at the time which lasted, for about three years. The new deal was meant to make “colored” and whites equal, but that was not the case. Many citizens of the south did not believe “Negros” should get paid minimum wage, but expected them to be paid a lower amount. Many whites opposed any thought of equality between them and African American’s, but that did not stop the (NRA)National Recovery Act. A work program produced from the NRA the (CCC) Civilian Conservation Corps helped many “colored” American’s, benefit from the New Deal. The United States also needed an escape from their current depression, so Roosevelt creates the Work-Relief Bill with equality as his goal.

Once President Franklin Roosevelt was elected during the Great Depression, his first 100 days enacted what he called the New Deal. This “deal” was a series of reforms that were meant to increase available jobs, better the working conditions, and put money back into the economy. Jobs offered during this time, as well as the relief, recovery, and reform efforts gave a kick start to the American economy, helping to pull us out of the Great Depression. Some examples of these efforts can be seen in the Civilian Conservation Corps (CCC), the National Recovery Administration (NRA), and the Social Security Act (SSA).

The New Deal was a series of programs, including, most notably, Social Security, that were enacted in the United States between 1933 and 1938, and a few that came later. They included both laws passed by Congress as well as presidential executive orders during the first term (1933–1937) of President Franklin D. Roosevelt. The programs were in response to the Great Depression, and focused on what historians refer to as the; Relief, Recovery, and Reform: relief for the unemployed and poor, recovery of the economy to normal levels, and reform of the financial system to prevent a repeat depression.

The New Deal was good because it provided Americans with hope, jobs, and government assistance during a time when American citizens could not help themselves. The Great Depression caused the US to fall apart economically, and the New Deal was put in place to try to fix the economy. President Roosevelt thought this was the best way to fix the economy, and it was. But that doesn’t mean it was perfect. It also doesn’t mean it worked. While many good things came from the New Deal, many bad things came out as well. But the good outweighed the bad, and the New Deal began the journey out of the Great Depression.

In his inaugural address, President Franklin D. Roosevelt set the tone for the upcoming half century when he confidently said, “The only thing we have to fear is fear itself”. In response to the economic collapse of the Great Depression, a bold and highly experimental fleet of government bureaus and agencies known as Roosevelt’s Alphabet Soup were created to service the programs of the New Deal and to provide recovery to the American people. The New Deal was one of the most ambitious programs in American history, with implications and government programs that can still be seen to this day. Through its enactment of social reform and conservation programs, the New Deal mounted radical policies that gave the federal government unprecedented power in the nation’s economy and society, however, the New Deal did not bring America out of the Great Depression and could be considered conservative in the context of the era, ultimately saving capitalism from collapsing in America.

The New Deal was a necessary program out in place which helped the nation and expanded the role of the government in a positive way. The nation was struggling in effect of the Great Depression and going through a hard time, and the New Deal helped the country out of it. Alone, the citizens of the United States would have never been able to pull themselves out of this mess, but the government stepped in and helped to fix the nation. The benefits of the New Deal can best be summed up with the three R’s: relief, recovery, and reform.

The government played a large role in funding the development of the many cutting edge technologies during this time period. This was a time period where government introduced never before seen laws that dramatically increased spending. The most sweeping legislation developed during this time period was the New Deal signed by President Theodore Roosevelt. The New Deal tried to provide relief from the Great Depression through programs of regulation, inflation, price stabilization, and public works. This also created the Federal Deposit Insurance Corporation (FDIC), National Recovery Administration (NRA), Agricultural Adjustment Administration (AAA), Civilian Conservation Corps, and the Public Works Administration (Columbia, 2013). The most well-known agency today is the FDIC which insures bank deposits up to a limit. This was aimed at preventing future runs on the bank. The New Deal also attempted to

One of the key policies that were analyzed in the book was the New Deal. The New Deal is perhaps one of the most popular policies put into place, and is commonly the first thing to enter a person's mind when FDR is mentioned. The New Deal was thought up and established in order to battle some of the hardships the masses felt during the Great Depression. The New Deal attempted to help provide relief for the unemployed, recover of the economy, and reform of the economic and banking systems. The New Deal presented itself with as many as fifteen new programs and legislation, the majority of which were intended to the poor and the masses. Maney believes that the New Deal was to fix the mistakes the government made by causing the great depression "Under the auspices of the New Deal, the national government, while failing to bring full economic recovery, provided needed assistance to the unemployed and other disadvantaged groups and repaired some of the economic structural damage that helped cause the great depression." (Maney 47). Some of the key legislative acts that were implemented under the new deal were the Agricultural Adjustment Act (AAA) "which offered the farmers the promise of higher prices" (Maney 49), the establishment of the Security and Exchange Commission (SEC) which was

The New Deal was a set of federal programs with the principle of social-welfare liberalism. President Roosevelt was deeply compromised to help the most vulnerable in the ongoing crisis. In second inaugural address he outlines the progress of the New Deal “We have always known that heedless self-interest was bed morals…. Out of the collapse of a prosperity whose builders boasted their practicality has come to the conviction that in the long run economy morality pays.” At some extend President Roosevelt proudly tell the Nation that he was heading to the right direction to progress. Some of the New Deal successful programs that brought relief and dignify living to many Americans were Agricultural Adjustment Act (AAA) a direct governmental regulation of farm economy to resolve the overproduction problem. In the unemployment relief, the Federal Emergency Relief Administration (FERA) that provided federal funds for state relief programs. Public Works Administration (PWA) a construction program that lead to Civil Works Administration (CWA) that provide work for more than 4 million Americans repairing, building, and constructing America's infrastructure. The Civilian Conservation Corps (CCC) that mobilized young men to do reforestation and conservation work helping their family’s income and the country reservation. In 1935 in housing issues Works Progress Administration (WPA) Home Owners Loan Corporation (HOLC) that help many Americans keep their

Soon after World War I, the United States entered a period of economic boom, the Roaring Twenties. During this time, new inventions transformed the traditional American lifestyles into something that has never been seen before and scientific breakthroughs transformed the traditional view of the universe. To keep up with the rapidly transforming America, many felt the need to buy all the latest products. Buying on credit became common as banks lowered their interests, and “Buy now, pay later” became the credo of many middle-class Americans. What they didn’t expect was the eventual consequences of their actions.

This consisted of the Securities & Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Social Security Act, the National Labor Relations Act and National Labor Relations Board (NLRA/NLRB), and the Soil Conservation Act. The Securities & Exchange Commission (SEC) prevented fraud in the stock market. The Federal Deposit Insurance Corporation (FDIC) made sure people didn’t lost their money if banks failed ("How did Roosevelt's New Deal"). The Social Security Act was unemployment insurance; it gave out pensions for the unemployed, disabled, and elderly ("The Great Depression"). The National Labor Relations Act and National Labor Relations Board (NLRA/NLRB), also called the Wagner Act, made sure that workers were treated fairly. The Soil Conservation Act made sure that soil was cared for properly, and therefore the soil would not be blown away ("How did Roosevelt's New Deal"). These were the programs that made up the final step in Roosevelt’s New Deal. However, World War II would ultimately save America. “The American defense industry proved to be the ultimate public works project” (Nardo 24). Companies and the WPA needed to increase the number of jobs due to equipment needed for defense ("The Great Depression"). The New Deal and World War II both played important roles in saving America form the Great

The presidency of Roosevelt had much criticism during and after his presidency. The critics questioned his positions, policies and they accused him with centralizing power by controlling the Democratic Party and the government. Most people denounced his stand on breaking the tradition of the no third term in the year 1940. According to Polenberg (2000) , “In the middle of his second term, there was much criticism of Roosevelt pinpointed on the fears that he was heading to dictatorship ruling, by attempting to control the Supreme court in the year 1937, the attempt to eradicate dissent in the Democracy party in the mid-term election which was conducted in 1938”. He also broke the tradition which had been established by Washington George for not seeking the third term re-election.