The New Deal
In America’s great history they’ve overcome many obstacles that make us the great nation we are today. One of the biggest obstacles that Americans had faced was called the Great Depression. Many important figures attempted to fix this economic plummet by passing various acts to reform America’s society and life. One major attempt to put America back on its feet was president Roosevelt’s New Deal. The New Deal helped the American people have a second chance at life and essentially put them back on their feet. The success of the New Deal was essential to the revival of U.S. citizens everyday life because it gave government jobs to the unemployed and it rescued the banking system. One of the biggest improvements of the New Deal was that it helped
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After the collapse of the economy, many banks began to lose money and losing U.S. citizen’s money, causing even more damage to the economy. in order to give protection to the citizens of america, “This social security measure gives some protection to 30 million of our citizens who will receive direct benefits through unemployment compensation”(FDR Kantor’s Website). Through the creation of social security, people were able to be covered old aged people even if they were unemployed. The Social Security Act helped banks find their way back because of the essential role they played within this act. Furthermore, when discussing further rules of the bank, “Whither the American Indian” discusses that, “Congress is authorized to appropriate $10 million from which loans may be made for the purpose of promoting the economic development ofthe tribes.” By distributing loans to develop areas, the poor aren’t stuck in poverty and are able to have a second chance. Moreover, loans distributed, that include so much money gave more authority to what the banks had to say in society. With the help of various acts placed to create a stable and working banking system, FDR was able to help the United States become the once great country it was
After the collapse of the economy, many banks began to lose money and losing U.S. citizen’s money, causing even more damage to the economy. in order to give protection to the citizens of america, “This social security measure gives some protection to 30 million of our citizens who will receive direct benefits through unemployment compensation”(FDR Kantor’s Website). Through the creation of social security, people were able to be covered old aged people even if they were unemployed. The Social Security Act helped banks find their way back because of the essential role they played within this act. Furthermore, when discussing further rules of the bank, “Whither the American Indian” discusses that, “Congress is authorized to appropriate $10 million from which loans may be made for the purpose of promoting the economic development ofthe tribes.” By distributing loans to develop areas, the poor aren’t stuck in poverty and are able to have a second chance. Moreover, loans distributed, that include so much money gave more authority to what the banks had to say in society. With the help of various acts placed to create a stable and working banking system, FDR was able to help the United States become the once great country it was