The Great Depression and the New Deal
When he was inaugurated as the president of the US, Franklin D. Roosevelt decided to make an assessment of the huge damage that prevailed in the country. The assessment pertained to the withered leaves that pertained to the industrial enterprise; inability of farmers to gather markets for their farm produce, the disappearance of the savings that families had made for many years; the unattractive problem related to existence that the unemployed people faced; and the a great number toil that did not yield sufficient returns (Chase 93). In this case, Roosevelt was talking about the Great Depression that took place between 1920 and 1940, which started in the US before spreading to the rest of the industrial world. Despite giving a description to the great depression while using grim words, the economic catastrophe that thus incident impacted on the US as well as other industrialized states was beyond description. The US had never before experienced such a blow on its economy.
The New Deal that was introduced by Roosevelt played a crucial role with respect to reshaping and structuring the US. However, in order to bring an end the prevailing poverty in the nation, the programs that were introduced were supposed to employ as well as offer millions of Americans with financial security. This way, the programs would prove as effective as well as beneficial to the entire American society. Some of the programs that were implemented still play a vital role in the country with respect to providing the people in America with economic benefits and security (Ickes 111)
[...] Part 2 The Great Depression and the New Deal The stock market crash that took place in the late 1920s devastated the American economy leaving approximately 13 million Americans without jobs. According to Merrill budget cuts, wage reduction and retrenchment occurred during this time leaving many disgruntled people. It was during this time that Franklin Roosevelt took office where he implemented the New Deal that transformed the US. As the Great Depression came to an end, World War II followed. [...]
[...] "Eating Without Working: A Moral Disquisition." The Nation 28.7 (1933): 93. Ickes, Harold. "The Social Implications of the Roosevelt Administration." Survey Graphic 23.3 (1934): 111. Lewis, E. "Black Cotton Farmers and the AAA." Opportunity, Journal of Negro Life 13.3 (1935): 72. MacNeil, Douglas. "Success Stories--Work Relief Style." Survey Associates 28.7 (1939): 458. Merrill, Julia. "The Challenge of the Depression." Bulletin of the American Library Association 25.12 (1931): 703. Nation, The. [...]
[...] Though AAA had been noted to emerge as one of the most successful programs, it was gotten rid of in 1936, especially when the tax that was being levied on the food processors was declared as being unconstitutional (Nation 61). After a period of six weeks, the Congress passed an act that was regarded as being more effective because it allowed the government to pay those farmers who minimized the planting of crops that depleted the soil. By 1940, approximately 6 million farmers were being provided with subsidies by the government. This act provided room for the provision of loans of crops that were surplus (MacNeil 458). [...]
[...] There were approximately 32 new agencies that the government created when it was in power for eight years (MacNeil 458). Though most of the agencies that were formed became abolished later, or got replaced, some of them still take effect today. Between 1933 and 1938, there was a great upheaval related to American institutions while compared to any other period in America's history. However, today, the institutions and programs that were developed do not prove to be valuable especially with respect to contributing to the growth and success of the nation that is treated as being the most powerful all over the world. [...]
[...] The New Deal was noted to introduce a number of economic and social reforms that had been familiar among Europeans for many years. Additionally, the New Deal served as a representation of the end of laissez- faire capitalism. It aimed at fostering the regulations that were being imposed to the railroads in 1880s, national reform and flood of state legislation (Thomas 308). The idealistic concept regarding the New deal was that it was able to accomplish agendas at a fast face on issues that used to take generations to implement before Roosevelt came into power. [...]
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