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Roosevelt's New Deal

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Roosevelt's New Deal America's "Great Depression" began with the dramatic crash of the stock market on "Black Thursday", October 24, 1929 when 16 million shares of stock were quickly sold by panicking investors who had lost faith in the American economy. At the height of the Depression in 1933, 24.9% of the Nation's total work force, 12,830,000 people, were unemployed. Wage income for workers who were lucky enough to have kept their jobs fell 42.5% between 1929 and 1933. It was the worst economic disaster in American history. Farm prices fell so drastically that many farmers lost their homes and land. Many went hungry. President Franklin Delano Roosevelt took office in March 1933. He had promised the American people a New Deal and immediately set to work to create jobs for the unemployed. ...read more.


This is why on 14 June he summoned the leaders of the Congress and presented them with a huge range of laws that he wanted passed. This, became known as the Second New Deal. Second New Deal aspects ? Wagner act: force all employers to allow trade unions to operates in their companies. ? The social security act: provide state pension to elderly and widows ? The works progress administration: brought together all the organizations whose aim was to create jobs ? The re-settlement administration: helped smallholders and tenant farmers Different aspects: Attitudes: ? Restored he faith in their gob ? Was a huge social and economic program ? Handled billions of dollars of public money without corruption scandals ? ...read more.


US economy took a longer time to recover ? Confidence remained low ? When Roosvelt cut the New Deal budget, the country went back into recession and increased the number of unemployment ? The enter to the war brought an end to unemployment Black Americans: ? Failed to pass laws against lynching black people ? Many agences discriminated black (badly treated, badly paid or not employed) Women: ? The new deal saw women achieve prominent positions ? The New Deal programs were aimed to help male workers ? Local government avoided to pay social security payments to women Native Americans: ? Remained poor and excluded Roosevelt was seen as communist due to all the policies and schemes put into practice like in the communist USSR American thought this, because they believed that they were wealthy because of their hard work and paying high taxes for the maintenance of unemployed people was unfair. ...read more.

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