The New Deal: Transforming America's Economy

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"The New Deal." United States History. Ed. JOSEPH HUNKINS. Online Highways. Web. 17 Dec. 2010. .

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The term New Deal was coined during Franklin Roosevelt’s 1932 Democratic presidential nomination acceptance speech, when he said, "I pledge you, I pledge myself, to a new deal for the American people." Roosevelt summarized the New Deal as a "use of the authority of government as an organized form of self-help for all classes and groups and sections of our country."

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In his first 99 days, he proposed, and Congress swiftly enacted, an ambitious "New Deal" to deliver relief to the unemployed and those in danger of losing farms and homes, recovery to agriculture and business, and reform, notably through the inception of the vast Tennessee Valley Authority (TVA). The New Deal effects would take time; some 13,000,000 people were out of work by March 1933, and virtually every bank was shuttered.

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Trueman, Chris. "The New Deal." History Learning Site. Web. 17 Dec. 2010. .

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The New Deal, introduced by F D Roosevelt was to transform America's economy which had been shattered by the Wall Street Crash. The economic downturn that followed the Wall Street Crash also had a major psychological impact on America and that Roosevelt was actually doing something did a great deal to boost America's self-esteem. 

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Emergency Banking Act: The Federal government insured people's deposits in banks against losses caused by public panic. This helped restore the public's confidence in the nation's banking system. Tennessee Valley Development Act ’33: This set up the Tennessee Valley Authority (TVA). Its sole task was to re-develop the Tennessee Valley which encompassed 7 states and 40,000 square miles. HEP

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Goldbard, Arlene, and Don Adams. "New Deal Cultural Programs." Webster's World of Cultural Democracy. The Institute for Cultural Democracy, 1986. Web. 17 Dec. 2010. .

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short-lived, early New Deal program was FERA. The Federal Emergency Relief...
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