The New Deal Dbq Essay
The Great Depression started because the Stock Market crashed causing millions of people to lose their jobs. Also the Stock Market crash caused the bank crisis because everyone didn’t trust the bank anymore so they ran to collect their money back from the banks. When Franklin D Roosevelt(FDR) was elected he created the New Deal. The New Deal was very successful and brought the United States millions of jobs and it ended the bank crisis( Source B). The New Deal also created the Works Progress Administration(WPA), the Federal Emergency Relief Administration(FERA), Civilian Conservation Corp(CCC) and the Federal Deposits Insurance Corporation(FDIC). The New Deal was successful because of ending the bank crisis and getting millions of citizens new jobs. Before the
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The government closed mostly all the banks in America. By 1933, 28 states had no banks and the last 60 days of 1933, 600 banks closed(source A). The government inspected all banks and banks were only reopened if determined to be safe by the Federal Deposit Insurance Corporation(FDIC). This reasoning proves the claim because the bank crisis was a huge thing that caused a lot of money to be taken away from the banks. But now that government got the banks situated again and they have the FDIC to insure depositors bank accounts. They also created to prevent banks from taking any risks in the stock market with depositor’s money. The success of the New Deal brought the end of the bank crisis and created millions of jobs for the unemployed. FDR and the New Deal were very victorious on helping the jobless and the bank crisis, this also help the stock market get back on their feet. They created over millions of jobs for the unemployed workers and ended the bank crisis by making rules and making that each bank was qualified to run and the ones that didn’t would be closed. Overall, the New Deal helped the United States very much and it was more positives than
The government closed mostly all the banks in America. By 1933, 28 states had no banks and the last 60 days of 1933, 600 banks closed(source A). The government inspected all banks and banks were only reopened if determined to be safe by the Federal Deposit Insurance Corporation(FDIC). This reasoning proves the claim because the bank crisis was a huge thing that caused a lot of money to be taken away from the banks. But now that government got the banks situated again and they have the FDIC to insure depositors bank accounts. They also created to prevent banks from taking any risks in the stock market with depositor’s money. The success of the New Deal brought the end of the bank crisis and created millions of jobs for the unemployed. FDR and the New Deal were very victorious on helping the jobless and the bank crisis, this also help the stock market get back on their feet. They created over millions of jobs for the unemployed workers and ended the bank crisis by making rules and making that each bank was qualified to run and the ones that didn’t would be closed. Overall, the New Deal helped the United States very much and it was more positives than