Preview

The New Deal: Transforming America's Economy

Satisfactory Essays
Open Document
Open Document
378 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The New Deal: Transforming America's Economy
A
"The New Deal." United States History. Ed. JOSEPH HUNKINS. Online Highways. Web. 17 Dec. 2010. .

A
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."

A

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.

B

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

B
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.

B
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

C
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. .

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

You May Also Find These Documents Helpful

  • Good Essays

    At this time Roosevelt had passed minor acts including one to help the economy with the Tennessee Valley act which led to the Government creating inexpensive hydroelectric power to those regions. Roosevelt had kept his promise to the people and had achieved all this in the first 100 days of him being in…

    • 600 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Page 19. Jan 7, 2014 8:26:06 PM Blackboard Collaborate ?? US HISTORY LIVE LESSONS Second New Deal Page 20. Jan 7, 2014 8:26:06 PM Blackboard Collaborate ??…

    • 640 Words
    • 12 Pages
    Satisfactory Essays
  • Powerful Essays

    History 1302

    • 1174 Words
    • 7 Pages

    5. New Deal- The economic and political policies of the Roosevelt administration in the 1930s.…

    • 1174 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    The New Deal is a comprehensive program which is about how to relief, recovery, and reform Americas. He also made policy deal with public utilities, housing industry, and transportation to develop American democratic economy. In 1933, FRD made <> to recover American industrial, then he build dam, nuclear power station and industrial to provide more works for American people. FRD rebuild hope, social facilities and saved capitalism for thousands of American people. At that time, many Americans believed that FRD ’s New Deal led American…

    • 818 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Roosevelt stated the New Deal was designed for economic relief for our nation. The New Deal helped the banks and cleaned up the financial debt left over from the Stock Market crash of 1929 that was the start of the Great Depression. It stabilized prices of all industry and agriculture and helped state and local governments recover from the downfall. Although the New Deal got the United States of America out of the Great Depression, the after-effects of all the money spent, brought our country to great national debt, “The U.S. debt was $22 billion in 1933 and grew by 50 percent in the three years that followed, reaching $33 billion” (Treasury 3). Roosevelt gave his best effort to stick with his word in achieving economic relief but couldn’t control the national…

    • 640 Words
    • 3 Pages
    Good Essays
  • Good Essays

    As FDR was making political gains, America was suffering through tragic times during an economic depression. The Great Depression lasted from 1929-1933. Millions of Americans “were unemployed and much of the nation’s industrial capacity was idle” (Gale). FDR led the U.S. through the great depression. Roosevelt came up with something called the “The New Deal”, he would help the public recover from the damage of the great depression. Roosevelt stated that “The only thing to fear is fear itself” (Biography). This was because roosevelt felt that this new deal would really help americans and stop the great depression. However FDR’s plan ended it up working putting money in consumers hands really helped out the economy. Although money was taken from the people it ended making more jobs and made jobs have higher wages. Overall “The new deal really benefited the great depression and helped america a lot more. This fearless leader entered America into World War II. WW2 was huge and being as good of a president as he was he led America through the WW. Roosevelt built a strong bond with Brazil, and the Soviet Union during WW2 they helped us get the victory against…

    • 687 Words
    • 3 Pages
    Good Essays
  • Good Essays

    iii. Lost a friend in 1932 - he and Al Smith both sought Democratic nomination…

    • 2025 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Leuchtenburg’s review on the political and social issues of the 1930s. It began with the…

    • 596 Words
    • 3 Pages
    Good Essays
  • Good Essays

    What is FDR’s New Deal? How did it change the country? Franklin D. Roosevelt was one of, if not the most prominent, presidents of the twentieth century. As he got elected, he started the race for the revival of the United States. The main idea he had to shift America in the right direction was the New Deal plan.…

    • 599 Words
    • 3 Pages
    Good Essays
  • Good Essays

    What is FDR’s New Deal? How did it change the country? Franklin D. Roosevelt was one of, if not the most prominent, presidents of the twentieth century. As he got elected, he started the race for the revival of the United States. The main idea he had to shift America in the right direction was the New Deal plan.…

    • 600 Words
    • 3 Pages
    Good Essays
  • Good Essays

    There were many programs under the New Deal aimed at alleviating suffering among jobless persons, boosting the economy and controlling financial institutions. Some other important programs and policies that were included were the creation of the Works Progress Administration which provided jobs for millions of people who had no work, Civilian Conservation Corps which engaged young men in projects related to environmental conservation and Social Security Act that gave aid to older people and physically impaired ones. Moreover, it introduced the Glass-Steagall Act that separated commercial from investment banks and formed Federal Deposit Insurance Corporation with the aim of insuring deposits in banks in order to prevent rushing out of money by depositors. First off, the new deal first began around 1933, just after Roosevelt came into power. Before the first policy was signed, President Roosevelt “declared a four-day banking holiday that shut down the banking system, including the Federal Reserve”(federal, 2013), basically aiming to start over the banking system and to check it before reopening.…

    • 1070 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In President Roosevelt’s Inaugural address, President Roosevelt said, “This nation asks for action, and action now.” He announced a special session of congress, which became known as the Hundred Days. During the Hundred Days, Congress approved numerous programs to battle the depression. Together these programs became known as the New deal. There are many reasons why I think the New Deal helped our country.…

    • 707 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Frederick Douglass

    • 971 Words
    • 4 Pages

    By 1939, the New Deal had run its course. In the short term, New Deal programs helped improve the lives of people suffering from the events of the depression. In the long run, New Deal programs set a precedent for the federal government to play a key role in the economic and social affairs of the nation. America was in dire straits three years after the crash of 1929. The New York Stock Exchange had lost nearly 90 percent of its value. Thirteen million people were out of work, and an estimated 34 million Americans had no income whatsoever. People in Iowa and Minnesota armed themselves to prevent banks from foreclosing on their farms. And by the summer of 1932, some 25,000 World War I vets…

    • 971 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In his speech Roosevelt stated that “if the average citizen is guaranteed equal opportunity in the polling place, he must have equal opportunity in the marketplace” (Roosevelt n.d.). The government should promote justice, equality and stability inspiring much confidence on the part of the American citizens. Roosevelt saw the government as freedom’s ally compared to the previous presidency when the government was freedom’s enemy causing economic inequality. Roosevelt claimed that many government leaders forgot “what the Flag and the Constitution stand for, stand for democracy, not tyranny; for freedom, not subjection; and against a dictatorship by mob rule” (Roosevelt n.d.). The New Deal resulted in a new role for the federal government supporting individuals financially and promoting economic stability in the country. Roosevelt saw economic security as a political condition of personal freedom, as “the New Deal reduced individual liberty for the sake of increasing economic security” (Cohen 171). Thus, the New Deal benefited the country and people living there changing the role of the government in the country’s economy and other…

    • 621 Words
    • 3 Pages
    Good Essays
  • Good Essays

    They would re-open banks only after being approved by the government. The president began to give his famous "fire-side chats" on live radio March 12, 1933. It was intended to provide comfort to the broken community that was America as a whole. Another wonderful thing about President Franklin D. Roosevelt's time in office is another addition of the First Hundred Days Program that was directly connected to the New Deal was the Federal Emergency Relief Act that the Congress had passed at President Roosevelt's request on May 12. This made over $500,000,000 open for individual states to aid those who had lost their job. Their source of income. "Much of this money was given out as work relief, giving people a sense of worth and dignity as they earned their checks." Honestly, we need more jobs here in America now. Roosevelt should come back from the dead like it talks about in 1 Corinthians 15, to give our new president Donald Trump a lesson on providing for the needy America. We need work relief or maybe more…

    • 505 Words
    • 3 Pages
    Good Essays