Roosevelt's New Deal

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Ruby Lawrence

Was Roosevelt’s New Deal a Success?

During his election campaign Roosevelt promised the American people a New Deal. Although it was unclear exactly what Roosevelt planned to do, it was apparent that he planned to use the full power of the US government to pull the country out of depression. Roosevelt set out the following statements of the New Deal:

  • Getting Americans back to work
  • Protecting their property and their savings
  • Reviving American industry and agriculture
  • Providing aid for the old, sick and unemployed

In the first 100 days of his presidency in 1933, Roosevelt worked incredibly hard day in, day out, with his advisers, and began to put change into action. The main problem affecting America was its loss of confidence in the banks. Roosevelt addressed this crisis first.

   He ordered for all of Americas’ banks to be closed. He then had government officials check them over thoroughly, and a few days later 5000 trustworthy banks were allowed to re-open. If necessary, they were even supported by government funding. To collaborate with this, Roosevelt’s advisors came up with a set of rules and regulations to prevent the wild speculation which had been a cause of the Wall Street Crash.

   These two measures (the Emergency Banking Act and the Securities Exchange Commission) did help to boost people’s confidence. Raymond Moley (one of Roosevelt’s advisers) said “When people were able to survive the shock of having all the banks closed, and then see the banks open up again, with their money protected, there began to be confidence.”

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   After this, The Federal Emergency Relief Administration attended the critical needs of the poor, by spending 500 million dollars of soup kitchens, blankets, employment schemes and nursery schools.

   Another organisation; The Civilian Conservation Corps, was aimed at unemployed young men. These men could sign on for six month working periods which could then be renewed if they were still unemployed. Most of the work done by the CCC was conducted in national parks, on environmental projects. This was a double benefit – not only were 2.5 million men helped by this scheme, but the upkeep of the environment ...

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