5: The New Deal¶
In 1932, when Roosevelt was elected President, the U.S. was longing for change.
The country had been devasted by the crash of the stock market, the dustbowl, the bank failures, and economic isolationism.
America needed a leader, a strong leader, and that’s exactly what it got.
Many have ranked Roosevelt’s presidency as one of the best in U.S. History.
Part of the reason behind that is the way he dealt with the depression.
Instead of sitting idly by waiting for the money to “trickle down”, he went and took action.
This action, was his “New Deal” program.
The main idea was to put Americans back to work through public spending.
Some of the most famous programs¶
- Civil Conservation Corps
- One of the New Deal’s most successful programs.
- It aimed to address the problem of unemployment by sending 3 million young men to the Nations’ forests to work.
- Most of their pay check (2/3) was sent home, in an attempt to provide for their families.
- Works Progress Administration
- A major work relief program that involved around 8.5 million Americans.
- They would build bridges, roads, public buildings, parks and airports.
- Tennessee Valley Authority Act
- Allowed the federal government to build dams and power plants in the Tennessee Valley
- Emergency Banking Act
- Provided the president with the means to reopen viable banks and regulate banking
What effects did it have?¶
Even though the New Deal did not pull America out of the depression, it did help to improve the situation.
Here are some of the effects of the “New Deal”.
- Boosted morale
- Provided for the basic needs of many Americans
- Gave many unemployed Americans jobs
- Got American industries back on their feet.
- Major reform to prevent another depression.
- Part of the 14 trillion dollar debt that the U.S. Government still has.
A pin that was a part of Franklin Roosevelt’s “New Deal” campaign.
A couple of WPA workers at work in Tuskegee, Alabama
A pair of classy looking fellows trying to make ends meet during the great depression.