A Second New Deal 1935 – 1938 included labor union support, the Works Progress Administration (WPA) relief program, the Social Security Act, and programs to aid the agricultural sector, including tenant farmers and migrant workers. The Supreme Court ruled some programs; however, it has been replaced.
In World War 2 most relief programs shut down. Many regulations were ended during in the late 1970s and early 1980s. Several New Deal programs remained active, with some still operating under the original names, including the Federal Deposit Insurance Corporation the Federal Crop Insurance Corporation and many 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. Many of the programs lasted only until World War II while others became permanent fixtures in American life. Here are three to illustrate the central thrust of the second New Deal. The Works Progress Administration was a huge federal jobs program that sought to hire unemployed breadwinners for the purpose strengthening their family's well-being as well as boosting consumer demand. The jobs varied but consisted of mainly of construction of public roads, buildings and parks. Over the course of its life (1935-43) over eight million Americans worked on WPA projects. This was "counter-cyclical demand management" on a huge scale.
The New Deal was an abysmal failure. Almost all of today's economists agree that Franklin Roosevelt extended the Great Depression at least 7 years longer than it needed to last. 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 ™Ω
