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New deal

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The New Deal was the name that United States President Franklin D. Roosevelt gave to a complex package of economic programs he started between 1933 and 1935 with the goal of giving relief to the unemployed, reform of business and financial practices, and promoting recovery of the economy during The Great Depression. When Roosevelt took office in March 4 1933 all banks was close and people were in deep trouble because there were no checks to be cashed. The unemployment range in the nation raised by 25% and overall prices went down, the unemployment rate was still high in 1939 but then it went back to normal at 1941. ...read more.


The Depression continued with decreasing effect until the U.S. entered the Second World War. Under the special circumstances of the war, massive war spending doubled the Gross National Product; Civilian unemployment was reduced from 14% in 1940 to less than 2% in 1943 as the labor force grew by ten million. Millions of farmers left marginal operations, students quit school, and housewives joined the labor force. The effect continued into 1946, the first postwar year, where federal spending remained high at $62 billion. The second New Deal attempted to end the Depression by spending at the bottom of the economy where government funds attempted to turn non-consumers into consumers again. ...read more.


The New Deal failed because it interfered with natural market forces that would've corrected themselves sooner than later. For example, for every government job that was created, more jobs were lost in the private sector, which were the only jobs that could've helped revive the economy. Today, Obama is taking us down the same path that Roosevelt took in 1933. Also, for the record, FDR was not a good president. he was an aspiring dictator who ruled for longer than what was gentlemanly (4 terms) and tried to circumvent the Constitution by packing the Supreme Court with Democrats (1937 Judiciary Reorganization Bill). He was a communist sympathizer who got together with Stalin and allowed the Soviets to take East Berlin. Finally, his internment of 110,000 Japanese-Americans was one of the worst civil rights violations in U.S. history. Mohammed ali (tm)? ...read more.

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