Explain the main features of 'The New Deal'

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(a)   Explain the main features of ‘The New Deal'

When Roosevelt came to power in 1933 he immediately set about stopping the depression and to bring economic recovery. He done this by a bill called ‘The New Deal’, the main aim of this was to provide relief for victims of the depression. Because of Roosevelt was so successful with his plan and term of presidency he was elected for another three more times until 1948. The main important time during his presidency and ‘The New Deal’ was the first 100 days, these important times were when the foundations of the recovery were put in place and also it resulted in the growth of the ‘alphabetic agencies’.

 

The first hundred days of the 'New Deal' were important because in March to June 1933 Roosevelt laid down his foundations on which he would build upon for 'The New deal'. Roosevelt used the sort of powers he had in which he would use if America were to go to war. This meant the 'The New Deal' needed a lot of support from the state and other authority. Roosevelt used the 'The New Deal' to help the banks, agriculture, the unemployed, sick and old people and many more.

The first New Deals purpose was short-term relief, and also Roosevelt’s first attempt to improve the economy. He did a financial reform by creating Acts like the Emergency Banking Relief Act . Other financial programs included the Securities and Exchange Commission (SEC), National Industrial Recovery Act (NIRA), and the Agriculture Adjustment Administration (AAA), which their main purpose was to recover and regulate the market. But the NIRA and AAA only worked for a short time because prices had subsided and taxpayers ended up paying for it. In order to relieve widespread distress the Civilian Conservation Corps (CCC) was created. The Federal Emergency Relief Administration (FERA) gave money to states in the form of grants, but this relief was only temporary.

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'The New Deal' helped the banks because if the banks were closed the economy would not be able to work any more and soon after that nobody would have any money to spend but if the banks stayed open the U.S.A could be at the brink of collapse because of the banks not being able to run themselves adequately and may fail. This quickly fixed by Roosevelt who introduced a series of measures such as Emergency Bank Act, March 1933. It attempted to solve immediate issues, which made banks stay closed for four days while the government inspected the ...

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