• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Roosevelt's New Deal

Extracts from this document...

Introduction

"Roosevelt's first New Deal favored business, while his second New Deal favored labor." Assess the validity of this statement. Roosevelt's first New Deal favored business, while his second New Deal favored labor: his first one led to the revival of numerous industries, which have crashed during the Great Depression, while the latter improved the laborers' conditions by providing numerous reforms, which have been desperately demanded for in the past. Roosevelt's first New Deal helped revive numerous industries, which have crashed during the Great Depression. Firstly, he provided numerous jobs to the laborers. For example, the Public Works Administration (PWA) of 1933 and the Civilian Conservation Corps (CCC) of 1933 employed hundreds of thousands for public projects, such as the construction of bridge and buildings; the Tennessee Valley Authority (TVA) provided jobs while constructing series of hydroelectric dams on the Tennessee River; and the Civil Works Administration (CWA) provided temporary jobs to the unemployed, which numbered millions in that time period. This sudden increase of jobs, though may seem only as a benefit to the unemployed, actually revived numerous industries because with new jobs came salary. ...read more.

Middle

In addition, the Securities Act of 1933, which created the Securities and Exchange Commission, ensured the soundness of stocks and bonds by forbidding the speculative business practices (for example, stock-watering) that led to the Wall Street's crash, further hindering the possibility of another crash of businesses. Finally, the National Recovery Administration guaranteed profits to businesses by setting minimum prices on certain goods. Indeed, Roosevelt's first New Deal was composed of numerous legislatives that helped businesses revive. Of course, that didn't mean that the first New Deal was completely unfavorable to labor. The National Recovery Administration gave workers the rights to organize into a union and bargain as a union with its employers. Also, it established provisions for guaranteeing fair wages and hours for labor by setting standards for wages, labor hours, and expected production levels. Not only that, it provided millions with desperately needed jobs. However, despite the aid given to the laborers, the first New Deal stopped short at providing jobs and few laborer rights, while the significant right to unionize was declared unconstitutional in the case of Schecter v US. ...read more.

Conclusion

Furthermore, the act prohibited the employment of those under the age of 16, which was a demand by pro-laborers in the past. Finally, the second New Deal guaranteed financial assistance to the laborers. The Social Security Act of 1935 provided federal insurance, or simply monthly federal payments, to retired laborers over the age of 65, unemployed, physically disabled, dependent children and their mothers. Also, the Resettlement Administration was established under Roosevelt with the goal of resettling landless farmers to lands of better quality, providing loans to sharecroppers, tenants, and small farmers, and establishing numerous federal camps, in which destitute migrant workers could be housed in decent conditions. Overall, it could be observed that Roosevelt's second New Deal granted the laborers new rights, which further improved their conditions, thus favoring labor. It is not a surprise that Roosevelt was able to gain extreme popularity with his New Deal program because he benefited both labor and business under the common objective of relieving the nation after the Great Depression: he revived the crashed businesses and granted new rights to the laborers, which improved their conditions. ?? ?? ?? ?? ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level History of the USA, 1840-1968 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level History of the USA, 1840-1968 essays

  1. Peer reviewed

    The New Deal USA

    4 star(s)

    what is captured in the photo of "racial discrimination and segregation" as only Afro-Americans are pictured. The majority of white men and women were of higher classes and therefore not as badly affected by the economic crash. The New Deal only provided temporary jobs and offered an unstable future to

  2. History essay on the new deal

    There was then a second new deal which was introduced to silence FDR's critics and to make sure that he got re-elected. This second new deal was more radical than the first and helped many people that really needed it.

  1. How important was the strength of opposition to impact the New Deal in the ...

    Roosevelt would have been aware of this, it is thought of the Left "advocating simple solutions"24 however their "solutions did not bring the results"25, it was possible for Long to Capitalize support from Coughlin and Townsend, crushing Roosevelt and the New Deal the picture source26 strengthens Badgers assertion that the

  2. Theodore Roosevelt

    It was also the first time that a President attempted to mediate personally. Roosevelt and his administration struggled to get the railroad bosses and the United Mine Workers to reach an agreement. Once again, Roosevelt used the public's anger to expand his power.14 This action seemed revolutionary then, but later,

  1. To What extent had the New Deal been successful in overcoming the Depression in ...

    The cash which went to the farmers was provided by 'processing taxes'. This was the start of a price-support system through loans from the Commodity Credit Corporation which provided stability for farmers in the next 50 years. The program achieved its objective (farm income doubled during 1932-1936)

  2. Evaluate The Presidency Of Theodore Roosevelt.

    In May 1902, 15,000 coal miners went on strike in Pennsylvania, demanding recognition of their union, a nine-hour working day, and a twenty percent pay increase. As the mine owners refused to negotiate the strike dragged on for five months.

  1. Franklin D. Roosevelt

    Violent wind and dust storms ravaged the southern Great Plains in what became known as the "Dust Bowl," throughout the 1930s, but particularly from 1935 to 1938. Crops were destroyed, cars and machinery were ruined, people and animals were harmed.

  2. How successful was Roosevelt in delivering relief, recovery and reform during the New Deal?

    His response to the Great Depression mainly consisted of a combination of business-stimulation policies and voluntary relief programmes. This approach proved itself unpopular amongst the electorate in 1932 elections, when F.D. Roosevelt, the Democrat, received a mandate for ?one of the great public experiments in American history? (Walker, p. ).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work