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To What Extent Was Fdr Successful At Ending The Depression In America?

1089 words - 5 pages

To a massive extent was FDR successful at ending the Depression in America. The Great Depression also known as, Black Thursday and Black Tuesday, stock market crashes in America and begins the greatest economic slump in American history. The impact of the Great Depression caused American industrial output to be cut in half, over one out of four people lost their job by 1932. Hoover's administration did not provide unemployment insurance or social welfare. He strongly believed in, "rugged individualism," self-reliance, and American individualism. And so the causes of the Great Depression deepens, overproduction of goods meant that prices of goods will drop and so the supply will increase but ...view middle of the document...

Prior to the Act, anyone could start a bank in the U.S, and was not government regulated. He established the Emergency Banking Act to ensure that weak banks were shut down and only strong ones would re-open. This encouraged Americans to save and invest with confidence. Then he passed the Federal Emergency Relief Act, which stated that $500 million were used to aid the hungry and unemployed. Although, it didn't came in the form of hand-outs and charity, it came in a form of work. This ensured American citizens would be employed for the time being.

The First New Deal in 1933-1935, emphasized on creating jobs thereby starting recovery. The Civilian Conservation Corps provided work for younger people in countryside by planting trees and reforesting. The Works Progress Administration helped financed road, school, wells, dams, and hospital construction, which eventually created National Recovery Administration that abolished child labour and established eight hours of work and minimum wage. Tennessee Valley Authority created series of damns along Tennessee River to provide hydro-electricity to states and to irrigate the Tennessee Valley. Agricultural Adjustment Administration also subsidized farmers to decrease food production. Decreasing supply would increase demand and profits of farmers would double in results.

The Second New Deal in 1935-1939, emphasized to improve welfare services. The Social Security Act provided pensions to old, widowed, and maimed. This ensured that people who can't work will be provided incomes. The Wagner Act was heavily disliked by the boss. This act allowed trade unions to have a legal right to negotiate wages for their members and work hours. National Housing Act also helped reduced rents and built new homes, so that citizens weren't in a heavy mortgage.

So did FDR successfully end the Depression in America? FDR pledged to improve the conditions of Americans during the Great Depression, creating "The New Deal." His three basic objectives was to put people to work, contribution to the Depression must be discontinued such as banks, and create a legislature to prevent continual Depression. He did achieve his goals and his presidency left a legacy for American people, often introducing new programs that were criticized as unconstitutional and had inclinations to communism. FDR's policies were praised. Nonetheless, FDR reunited the Americans and led them to hope amongst a time of great hardship known as the Depression.
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