Franklin Roosevelts New Deal Essay - 503 Words

Franklin Roosevelts New Deal When President took office in March of 1932 he had an idea of a plan, which would have to develop over time, which was the New Deal for the American People. He believed that if this plan went through, it would solve the problem of the Great Depression and restore the American economy. President Roosevelts New Deal that took time to develop included programs that would help the unemployed get jobs, social security issues such as welfare, and housing and agricultural recovery. Roosevelt also included programs to help the banking system. President Roosevelts New Deal failed to restore the economy as Roosevelt had hoped it would, but in turn it helped the people that suffered the most from the Great†¦show more content†¦The Glass-Stbagall Banking Reform Act, which forbade banks to invest customers money into the stock market. President Roosevelt also tried to better the economy by causing inflation. Inflation would cause an increase in prices an d businesses would make more profit and the economy would boom. The new production caused an increase in the need of workers, thus causing the unemployment rate to decrease. One way the New Deal was able to give jobs to the jobless was via the Civilian Conservation Corps. This program gave jobs to civilians between the ages of eighteen and twenty-five; they were planting trees, building dams, and stopping the erosion of the soil. By August of 1933, 300,000 men were at work. Roosevelt also aided the farmers through the Agricultural Adjustment Act. This act helped farmers meet their mortgages, which went hand in hand with the Home Owners Loan Corporation. Through these acts the government used millions of dollars to try to relieve farmers economic crises. But by doing this, Roosevelt caused an increase in the national debt. President Roosevelt also helped strengthen the policies for the building of houses. Roosevelt set up the Federal Housing Administration in hopes that he would stimulate the housing industry, which went in conjunction with the United States Housing Authority, which gave government loans for low-cost construction. But the New DealShow MoreRelatedFranklin Roosevelts New Deal1672 Words   |  7 PagesAmericans and their families sit together in their living rooms as they turn the knob on their radios. The words â€Å"Good evening, my friends†¦Ã¢â‚¬  echo audibly over the static and ambient noise, and the President of the United States, Franklin D. Roosevelt informs the nation of his New Deal and planned solutions to the problems of post-Depression America. He speaks warmly and directly, addressing the American people â€Å"you† and himself â€Å"I†. Many people— unemployed or working, poor or wealthy, supporter or criticRead More Franklin Roosevelts New Dea l Essay3182 Words   |  13 PagesRoosevelts New Deal On July 2, 1932, at the Democratic National Convention, the crowd listened intently to the phrase,† I pledge you, I pledge myself to a new deal for the American people.† The New Deal name was soon applied to the program of reform and recovery instituted by Franklin Delano Roosevelt. During the early part of the Great Depression, the economy had ground to a halt as a result of the stock market crashing and the unemployment rates skyrocketed as businesses shut down. Only a veryRead MoreThe Success of Franklin D. Roosevelts New Deal718 Words   |  3 PagesFranklin D. Roosevelt’s â€Å"New Deal† package of legislation set a new precedent for United States involvement in cultural development. 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Roosevelts New Deal During the 1930s, America witnessed a breakdown of the Democratic and free enterprise system as the US fell into the worst depression in history. The economic depression that beset the United States and other countries was unique in its severity and its consequences. At the depth of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930s, shaking theRead MoreThe Sense of Hope Instilled by Franklin Delano Roosevelts New Deals988 Words   |  4 PagesHope is a feeling of trust, a feeling of expectation and desire for a certain thing to happen (dictionary.com). Franklin Delano Roosevelt instilled the feeling of hope in the American society by creating the New Deal, a series of federal programs enacted in the United States between 1933 and 1938 in response to the calamity of the Great Depression (Schlesinger 25), in the 1930s during the Great Depression. 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