Fdr's New Deal
Essay by Marry • March 15, 2012 • Essay • 866 Words (4 Pages) • 1,656 Views
The stock market crash of 1929 set a chain of events in motion that plunged America into a depression America never saw coming. The Great Depression led to the exposure of dramatic weaknesses in the U.S. economy that forever changed America. With no real help from President Hoover, American people were at a loss of what to do with their lives which were quickly going down the drain. The U.S. as a whole was in between a rock and a hard place with no escape in sight. With Hoover's presidency in shambles, Franklin D. Roosevelt easily stepped into power by winning the hearts and minds of the American people. With the promise of the "New Deal" people's attitude towards life greatly increased. Even though FDR's New Deal did not completely put an end to the Great Depression it greatly relieved the pressure put on the citizens of America and the economy. The use of a relief, recovery, and reform policy fundamentally changed the role of America's federal government towards the American people.
As Roosevelt took office in March of 1933, his first hundred days in office sent an exciting message to America that the Great Depression will loose it's battle. FDR set the wheels in motion by using reforms. He created many reforms that dramatically raised the spirits of the people of America. The most known reforms were the Bank Holiday/Emergency Banking Relief Act, the FERA, and the CCC. The Bank Holiday closed down all banks for investigation, if the investigations did not turn out well the banks would be forced to stay closed, according to the Emergency Banking Relief Act. FERA was the Federal Emergency Relief Act which paid out three million dollars in relief for public workers and wages. Lastly, the Civilian Conservation Corps. (CCC) gave three million young men work. All these relief acts helped America in the pursuit of renewal.
FDR's second part of the New Deal was recovery. The idea of recovery sparked the interest of many people, including farmers and major blue collar workers. There are many acts that fell under the idea of recovery including the AAA, the NRA, and the TVA. The Agricultural Adjustment Administration (AAA) gave hope to many of the farmers struggling to stay afloat of their rising debts. With over planted crops, over picked harvests, and unfertilized soil Midwestern farmers where hitting a dry spell, literally. This act gave farmers subsidies for voluntarily reducing there crops sizes and spacing there planting times. The National Recovery Administration (NRA) was used to revive the industries by raising the workers wages but decreasing the hours worked. This cut all excess production so they would be a greater demand. Even though this act was ruled unconstitutional, it had many lasting affects on America. The Tennessee Valley Authority (TVA) was a very inspirational act that led to the emphasis of using the rivers resources for common gain. The recovery
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