220). Roosevelt’s New Deal had three aims: recovery from the depression, relief for its victims, and the reform of the economic system. “ The New Deal established the first federal minimum wage, the first government system of unemployment compensation, the first system of old age pensions(social security), the first protections for labor unions, the first regulatory agency for the stocks and bonds( the Securities and Exchange commission) and host of other institutions” (Hoffman and GJerde, 193). The New Deal, rewrote the role of the government which held them responsible for the health of the economy and the general social welfare. The provided those less fortunate with hospitals, roads, schools, and financial stability because it gave over two million people with jobs. “Unemployment and its close companion, reduced wages, and were the most obvious and the most wounding of all the Depression effects.” (Kennedy, 212) Over nine million civilians were still without jobs. The New Deal saved capitalism, which is an economic system of free enterprise. Kennedy’s essay was based on facts and figure, whereas Higgs essay was merely an opinion. Kennedy uses for example when he discusses facts to explain how in March 1933 the Crash of the stock market wiped out some $7 billion in depositors’ money (Kennedy, 211). Also, on America’s farms, income had fallen drastically from $6 billion to $2 million in 1932 (Kennedy, 211). Higgs was very opinionated with his essay about the New Deal. For example Higgs describes the New Deal poorly by saying, “The New Deal created so much confusion, fear, uncertainty and hostility among businessmen and investors …”( 216). Also, when Higgs stated that Roosevelt was just trying anything even if he did not know that it would be helpful for the country (Higgs, 220), this was unfit. David Kennedy’s argument was a lot stronger when discussing FDR and the New Deal than Robert Higgs. The people could follow facts instead of blindly following someone’s opinion. By Kennedy’s usage of hard core facts and thoroughly explaining the New Deal and its results, he convinced Americans to follow his idea. Kennedy’s and Higgs opinions greatly contrasted. The presidency would not ever be the same nor would the country because of the effects of FDR and the New Deal.
220). Roosevelt’s New Deal had three aims: recovery from the depression, relief for its victims, and the reform of the economic system. “ The New Deal established the first federal minimum wage, the first government system of unemployment compensation, the first system of old age pensions(social security), the first protections for labor unions, the first regulatory agency for the stocks and bonds( the Securities and Exchange commission) and host of other institutions” (Hoffman and GJerde, 193). The New Deal, rewrote the role of the government which held them responsible for the health of the economy and the general social welfare. The provided those less fortunate with hospitals, roads, schools, and financial stability because it gave over two million people with jobs. “Unemployment and its close companion, reduced wages, and were the most obvious and the most wounding of all the Depression effects.” (Kennedy, 212) Over nine million civilians were still without jobs. The New Deal saved capitalism, which is an economic system of free enterprise. Kennedy’s essay was based on facts and figure, whereas Higgs essay was merely an opinion. Kennedy uses for example when he discusses facts to explain how in March 1933 the Crash of the stock market wiped out some $7 billion in depositors’ money (Kennedy, 211). Also, on America’s farms, income had fallen drastically from $6 billion to $2 million in 1932 (Kennedy, 211). Higgs was very opinionated with his essay about the New Deal. For example Higgs describes the New Deal poorly by saying, “The New Deal created so much confusion, fear, uncertainty and hostility among businessmen and investors …”( 216). Also, when Higgs stated that Roosevelt was just trying anything even if he did not know that it would be helpful for the country (Higgs, 220), this was unfit. David Kennedy’s argument was a lot stronger when discussing FDR and the New Deal than Robert Higgs. The people could follow facts instead of blindly following someone’s opinion. By Kennedy’s usage of hard core facts and thoroughly explaining the New Deal and its results, he convinced Americans to follow his idea. Kennedy’s and Higgs opinions greatly contrasted. The presidency would not ever be the same nor would the country because of the effects of FDR and the New Deal.