Success Of The New Deal Essay
Success of the New Deal
During 1929 many people invested in the stock market, this led to the
stock becoming less and less valuable, this eventually led to the Wall
Street Crash. The current Republican President, Herbert Clark Hoover
was not seen to be doing enough so he was succeeded By President
Franklin Delano Roosevelt' (FDR) , who would end the depression with
his 'New Deal'. Roosevelt holds the unique distinction of being
elected four times by the people of America. Roosevelt's place in
American history has been fixed due to the New Deal but also because
he rose to the highest position in Americadespite having a crippling
cardiovascular illness. In his first 100 days he passed masses of laws
to get the U.S out of the depression. The 3 aims of the New Deal were
Relief, Recovery and Reform.
In my opinion the New Deal could have been far more successful if
Roosevelt had chose to continue his level of investment, maybe if he
even increased it. Roosevelt stopped 'priming the pump' and this led
to the 'Roosevelt Recession'. I believe that by 1941 The New Deal
could have succeeded in completely reviving the U.S economy, and it
would not have taking the Second World War to end the depression, had
it not been for FDR stopping his spending. The alphabet agencies could
have done better than give people useless jobs. Roosevelt also did
little to help farmers and black people who were already bad off
before the depression. Farmers were not well off because of the tariff
wars, and the 'dustbowl'. The tenant farmers suffered the most, as
they didn't own any land and the black people who were suffering
because of their lack of civil rights at the time. The New Deal did
succeed in lowering employment to a degree, and partially reversed the
spiral of depression, and before he lowered the level of spending the
economy was well on its way to the pre-crash levels.
By 1941 the 'New Deal' had both its successes and its failures. FDR
poured tax payers money to reverse the 'spiral of depression', which
was known as 'pump priming'. He had used the 'alphabet agencies' to
use get the skilled and unskilled unemployed workforce to work on
federal funded projects. The Public Work's administration (PWA) built
roads, bridges hospitals and schools. This was intended to give the
workforce more money so they could spend more if they spent more there
would be more demand for products and so more jobs, and therefore the
government would recoup their losses in the added tax, so the economy
would recover. This was successful as it helped the economy to recover
and it also built much needed public services. The Tennessee valley
authority did help farmers by regenerating the 'dustbowl'. The
'Dustbowl' was regenerated by building hydro-electric power stations;
using flood control for soil conservation, the...
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FDR's New Deal Summary & Analysis
New Deal for a Depression That's Getting Old
Shortly after taking office in 1932, Roosevelt announced the "3 Rs" of the New Deal program to the American people—it was a package deal of relief, recovery, and reform. Just what the doctor ordered.
In the field of relief, the New Deal proved to be highly successful. Millions of Americans, unable to find work in an economy that was still badly broken four years into the Great Depression, might have literally starved to death if not for the government checks they earned by working for new agencies like the Civilian Conservation Corps and the Works Progress Administration.
But in retrospect, it's kind of an obvious solution: if the private sector isn't making jobs, maybe the government should.
In terms of reform, the New Deal legacy may have been unmatched in American history. For better or worse, Roosevelt's program drastically altered the relationship between the capitalist market, the people, and their government, creating for the first time in this country's history, an activist state committed to providing individual citizens with a measure of security against the unpredictable turns of the market.
Some believe this vast enlargement of the government's role in American society helped the country's long-run prospects. Others think we should allow the free market decide who starves. In any case, it remains a question of great political controversy to this day, but there can be no denying the magnitude of change wrought by FDR's presidency.
But when it came to recovery, the New Deal's performance lagged. It was certainly successful in both short-term relief, and in implementing long-term structural reform. However, as Roosevelt's political enemies fought him, the New Deal failed to end the Great Depression. Throughout the decade of the 1930s, unemployment remained brutally high, while economic growth remained painfully slow.
Recovery only came about, at last, in Roosevelt's third term, when the heavy demands of mobilization for World War II finally restored the country to full employment, in essence by doing exactly what the New Deal had been attempting: providing government-created jobs.
Ironically, then, Adolf Hitler probably did more to end the Great Depression in America than Franklin Roosevelt did. Yikes.
Still, despite failing in its most important objective, the New Deal forever changed the country. Roosevelt built a dominant new political coalition, creating a Democratic majority that lasted for half a century. The structural stability and social security provided by the New Deal's reforms underlay a postwar economic boom that many historians and economists have described as the "golden age of American capitalism."
And Roosevelt permanently changed the American people's expectations of their presidents and their government, by actually, you know, doing stuff. Fortunately for later presidents, this expectation has since been rescinded.