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How Successful Was The New Deal Essay

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How Successful Was The New Deal Essay
How successful was the New Deal? To solve the economic problems created by the Great Depression of the 1930s, President Franklin D. Roosevelt made a New Deal. The aim was to relieve many economic hardships and give Americans faith in the democratic system. The idea of a New Deal was admired by some people and rejected by others. In this essay I will evaluate the successes and the failures of the New Deal: Firstly, Roosevelt?s most important step was to prevent banks from collapsing from all American people trying to withdraw their money that the banks didn?t have. So Roosevelt set up the Emergency Relief Act (ERA) which involved closing banks for four days. He knew that this would result in the economy ceasing to function properly. After the …show more content…
actors/actresses, writers and musicians- and food production. The Civilian Conservation Corps (CCC) also helped improve the lives of the unemployed. It gave unemployed young men work on environmental projects like: Structural improvements, forest protection and building roads and airport landing fields. Even though the men worked hard, they were paid poorly. Roosevelt helped those in danger of losing their homes by providing mortgage assistance to homeowners or would-be homeowners by providing them money and giving them low interest loans, which would help people meet their mortgage payments. This was accomplished by selling bonds to lenders in exchange for the home mortgages. This act was called the Home-owners Loan Corporation (HOLC). But there are some cons to President Roosevelt?s ways of recovering America from The Great Depression: Businessmen and the Republican Party had thought that the New Deal had gone too far. They said that the New Deal made Americans far too dependent on the Governments help. They thought it was wrong for the government to give Americans pensions and sickness benefits and creating work for unemployed people. Some Businessmen were angry that the New Deal allowed trade unions into the workplace; they believed that it?s unnecessary government interference in how they ran their business affairs. ...read
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