The New Deal: Changing the Game for America in the 1930s

This was more than just starting a bunch of projects when Franklin D. Roosevelt announced the New Deal in the middle of the Great Depression. He was showing America some hope. From 1933 to 1939 the aims of the New Deal were clear: help those who were most affected by the economic crisis right away and set up measures to make sure that something similar would never happen again.

Restarting the business was the first thing that needed to be done. Eighty-four percent of Americans were unemployed during the Great Depression and those who did have work often made very little and worked fewer hours.

Everyone’s bank was failing and people didn’t trust the banking system at all. Rapid action was needed by Roosevelt’s group. The Emergency Banking Act is a fundamental step toward rebuilding trust in the banking system. Stopping the chaos and restoring stability to the financial system was done by closing down banks that were not doing well and restarting banks that were good.

Helping people who were hurting directly was another important goal. It was created to provide government funds to state disaster assistance programs. For example roads bridges and schools were built with this money to create jobs. One-of-a-kind attempts included the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA). Working on environmental projects like planting trees and making parks was paid for by the CCC. For example the Works Progress Administration (WPA) hired millions of people to work on public works projects like making homes and helping writers and artists.

In addition to health care financial change was another important part of the New Deal. According to the Securities Act of 1933 and the Securities Exchange Act of 1934 the stock market should be regulated and people shouldn’t speculate without thinking which is what caused the crash of 1929. Individuals didn’t have to worry about losing their savings if a bank failed because of the Federal Deposit Insurance Corporation (FDIC). It’s likely the Social Security Act of 1935 which created jobless insurance income for the old and payments for the disabled—basically a safety net for the weakest people.

It also dealt with the farming problem that was really hurting rural America through the New Deal. With the Agricultural Adjustment Act (AAA) farmers were paid to lower their production in order to raise food prices. Stabilizing farm wages and reducing poverty in rural areas were helped by this. Targeting one of the poorest places in the country the Tennessee Valley Authority (TVA) was another groundbreaking project. By constructing dams and electrical power plants the TVA provided energy made it easier to navigate and managed floods all of which greatly enhanced life in the Tennessee Valley.

Obviously the New Deal had some problems and was limited in some ways. It was criticized by some for not tackling the real reasons behind the Depression and only offering short-term solutions. Others thought it increased the federal government’s involvement in the economy too much which made people afraid of future abuse and socialism. Unemployment stayed high throughout the 1930s despite many successful programs. The Great Depression ended when the economy got a boost from World War II.

When all was said and done the New Deal was a brave and important reaction to one of America’s darkest times. The plan’s goals were to help right away speed up the rebound of the economy and start long-lasting changes. The New Deal helped restore faith in the American economy by maintaining the banking system making jobs available and changing the way the financial sector worked. It had its critics and wasn’t a perfect solution but there’s no denying that it had a huge effect on American society and helped shape modern economic policy. In addition to helping the US get through the Great Depression Roosevelt’s New Deal made the economy safer and more stable for the future.

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