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How The New Deal Affected America

975 words - 4 pages

In 1929 the Great Depression struck America. It lasted until World War Two in 1941. Although there had been depressions in the past, none lasted as long or were as severe as the Great Depression. In the 1920’s, a time period called the Roaring Twenties was in action. Everyone seemed to be doing great, taking loans out of the bank and borrowing money to buy the next latest product. Everyone had a job or career of some sort. Aside from most of the positive aspects of the economy in the 1920’s, farmers had a difficult time. Farmers also borrowed money to put towards new machinery, “only to see food prices plummet during the 1920’s when supply outpaced demand” (“The Great Depression” 1). Unfortunately, profits were not very high and the money that was used for updated equipment could not be paid back. Due to imprudent spending on American citizens’ part, the stock market crashed and investors and banks were impacted harshly. This is how the greatly known event called the Great Depression began. In the midst of this comes along President Franklin Delano Roosevelt, promising a “New Deal” for the nation. Would this deal be enough to save America’s economy and the life’s of its people?
The New Deal was a series of programs meant to ameliorate the American economy and balance social inequality. The first step Roosevelt takes towards the goals of the New Deal was to close banks with a “bank holiday.” Roosevelt initiated this because citizens no longer felt comfortable leaving their hard earned money in the bank. After reopening banks, American citizens’ trust and money was back in the banks and money began flowing again all over America. After a head start to get money moving, Roosevelt sends a farming message by the name of Agricultural Adjustment Act to congress. This act was meant to give farmers financial security. The act took a fairly long time to be passed, but eventually the farmers and Roosevelt got what they wanted. Soon after this act, relief programs came in to play. This highly contributed to better equality. Ninety percent of people proceeded to get on relief. Cabinet member suggested “not only tree-army legislation but also public works and federal relief grants to the states” (“The First New Deal: 1933-1935.” 3). All of these move on to be approved.
Although the first part of the New Deal was somewhat successful, millions were still jobless and unfortunately income was still lower than 1931 ̶ opposite of the results that Roosevelt had desperately hoped for. Equality between races and social statuses had not improved significantly much either. According to Jim Powell, a senior fellow at Cato Institute, “[Spending programs] were channeled away from the poorest people, including millions of blacks, who lived in the South. [African Americans] were already on FDR’s side, so, from a political standpoint, there wasn’t...

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