New Deal Analysis
How successful were the New Deals?
Leading up to The Great Depression, there were many issues in America that required significant attention. The Wall Street stock market crash of 1929 was one of the main contributors to the long years of national depression in the 1930’s. However the events that came along with it were also very demanding. Bank failures, unemployment, farming collapses and industrial letdowns were all key factors in this time of devastating depression, but with the American Presidential elections of 1932, a set of New Plans were formed by President Roosevelt to save America’s Capitalistic Economy.
President Roosevelt's new deals of the 1930’s were seen as the radical action needed during The Great Depression to help the American people and the American economy. However some people criticized it for not being radical enough as it didn't help all Americans, whereas others saw it as completely ridiculous. Roosevelt started off by introducing many different acts in his first 100 days of government including the alphabet agencies and the famous beer act. These acts and agencies were designed to help certain groups of people but also meant that others were left out. Therefore Roosevelt had to create a second new deal to target other issues.
At its early stages in 1929 and the early 1930’s, The Great Depression was only an economic problem, which could have been resolved by giving more money to consumers to spend and boost the economy again. However President Hoover believed that the problem was entirely at the businesses and banks fault and that they could fix their problems themselves, but he was wrong. Hoover simply ignored the problem and businesses did not fix the problem, so it only got worse. People had no jobs or money and they were unable to bring the economy back to its feet. But with the approach of the election of 1932 there arose new promises and new visions for the American economy. Franklin