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Success Of The New Deal Essay

1904 words - 8 pages

Success of the New Deal

During 1929 many people invested in the stock market, this led to the
stock becoming less and less valuable, this eventually led to the Wall
Street Crash. The current Republican President, Herbert Clark Hoover
was not seen to be doing enough so he was succeeded By President
Franklin Delano Roosevelt' (FDR) , who would end the depression with
his 'New Deal'. Roosevelt holds the unique distinction of being
elected four times by the people of America. Roosevelt's place in
American history has been fixed due to the New Deal but also because
he rose to the highest position in Americadespite having a crippling
cardiovascular illness. In his first 100 days he passed masses of laws
to get the U.S out of the depression. The 3 aims of the New Deal were
Relief, Recovery and Reform.

In my opinion the New Deal could have been far more successful if
Roosevelt had chose to continue his level of investment, maybe if he
even increased it. Roosevelt stopped 'priming the pump' and this led
to the 'Roosevelt Recession'. I believe that by 1941 The New Deal
could have succeeded in completely reviving the U.S economy, and it
would not have taking the Second World War to end the depression, had
it not been for FDR stopping his spending. The alphabet agencies could
have done better than give people useless jobs. Roosevelt also did
little to help farmers and black people who were already bad off
before the depression. Farmers were not well off because of the tariff
wars, and the 'dustbowl'. The tenant farmers suffered the most, as
they didn't own any land and the black people who were suffering
because of their lack of civil rights at the time. The New Deal did
succeed in lowering employment to a degree, and partially reversed the
spiral of depression, and before he lowered the level of spending the
economy was well on its way to the pre-crash levels.

By 1941 the 'New Deal' had both its successes and its failures. FDR
poured tax payers money to reverse the 'spiral of depression', which
was known as 'pump priming'. He had used the 'alphabet agencies' to
use get the skilled and unskilled unemployed workforce to work on
federal funded projects. The Public Work's administration (PWA) built
roads, bridges hospitals and schools. This was intended to give the
workforce more money so they could spend more if they spent more there
would be more demand for products and so more jobs, and therefore the
government would recoup their losses in the added tax, so the economy
would recover. This was successful as it helped the economy to recover
and it also built much needed public services. The Tennessee valley
authority did help farmers by regenerating the 'dustbowl'. The
'Dustbowl' was regenerated by building hydro-electric power stations;
using flood control for soil conservation, the...

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