“The New Deal was a set of programs and policies designed to promote economic recovery and social reform introduced during the s by President Franklin D. Roosevelt.” (blogger.com) The main purposes why Roosevelt established the New Deal was to provide relief for the needy, aid nationwide recovery by providing jobs and encouraging businesses, and to reform businesses and Discursive Essay The New Deal was a miracle solution to the problems caused by the Great Depression to a large extent. The Great Depression is perhaps one of the most significant economic disasters in American history. From this time of crisis emerged the ‘New Deal’, designed to direct a variety of recovery spending measures at the diverse economic challenges that emerged The New Deal refers to the numerous economic programs adopted during under Roosevelt administration (Fitzgerald, Shouba, and Sluys 89)
What were the Main features of the new deal - Essay (Analysis)
New Deal Philosophy and economy of new Deal The government of the United States became greatly involved in economic issues after the stock market had crashed in This crash visited most serious economic dislocation on America's economy. It lasted This prompted President Franklin D. Roosevelt to launch the New Deal to alleviate the emergency. Very important legislations were and institutions were set up during the New Deal Era.
These legislations extended federal authority in bankingagricultureand public welfare U. Of State, Minimum standards for wages and hours on the job were prescribed during this period. The legislations also served as a catalyst for expansion of labor unions in steelautomobiles, and rubber industries. Some of the very important agencies like the Securities and Exchange Commission, the Federal Deposit Insurance Corporation, and the Social Security System.
The Securities and Exchange Commission regulates the stock market U. The FDI guarantees bank deposits while the Social Security System provides pensions to the elderly based on contributions made while they were still working. The National Recovery Act encouraged business leaders and workers with government supervision to resolve conflicts and in the process increase productivity and efficiency.
Under New Deal the Securities and Exchange Commission, the Federal Deposit Insurance Corporation, and the Social Security system shared power. These institutions intervened extensively in economic matters, the new deal essay. The War Production Board was charged with the responsibility of coordinating the nation's production capabilities so that the military priorities would be met U. To prevent rising national income and scarce consumer products from causing inflation the Office of the Price Administration was set up.
This body controlled rent on some dwellings, rationed consumer items ranging from gasoline, and tried to control spiraling prices.
Other legislations that were passed to revitalize the economy were among others the Works Progress Act that involved the government into virtually every sector of economy. Jobs were found for virtually every area of employment. The Agricultural Adjustment Act AAA controlled the supply of cotton, wheat, milk, the new deal essay, peanuts, corn, the new deal essay, and milk.
It offered payment to farmers especially if they took some of their land out of production. The AAA enabled the farmers to modernize their operations U. They mechanized their production. They also used insecticides, herbicides, and fertilizers. Farmers were also assisted by the Rural Electrification Program which brought electricity from the cities to rural areas.
President Roosevelt Administration also helped establish the Civilian Conservation Corps CCC that the youth massively the new deal essay from. It was created for the youth who had finished school and the new deal essay no jobs U. They worked in national parks and forests within the United States. The CCC helped in reforestation and environmental conservation. It employed over 2.
The money they were paid not only fed their families but also rejuvenated local economies. The CCC was christened pump-pricing. The Farm Security Administration FSA was tailored for rural Americans. The FSA documented Americans who were living in poverty in rural areas. The Rural Electrification Administration REA improved farm life and productivity U.
The REA financed cooperatives that were organized by farmers. Electrification of rural areas revolutionized rural life. The suburbs began expanding to the rural areas as a result of the rural electrification program. The Works Progress Administration involved the government into every area of the economy. It helped enhance government social programs. The First one Hundred Days was initiated to expand relief programs to the unemployed U. FDR's Philosophy The F. administration instituted myriad social security programs that were meant to cushion American citizens against the aftermath of the Great Depression.
One such program that stood out in the first days were the N. programs were also initiated that got rid of prohibition Bortz, Some programs that I had earlier on talked about were the SEC, the new deal essay, relief, and public works programs. Roosevelt philosophy The government must not do everything but everything practicable must be done.
President Roosevelt explored the possibility of a mixed system which gives the state more power than the conservative would like Bortz, The power had to be sufficient enough to assure economic and social security but not too much to create dictatorship. Roosevelt believed that the U. needed and demanded persistent experimentation. His famous quote "The millions who are in want will not stand by silently forever while the things to satisfy their needs are within reach" resonates well with that.
He was strongly convinced that older Americans do not need charity but old age comforts but age old comforts which they are rightfully entitled to in the form of insurance.
According to him the Federal government system encouraged experimentation as it enabled states to function as laboratories in social legislation Bortz, The federal system also ensured that legislations were tailored to the local needs and circumstances.
The experience of social insurance and pension progress instead demonstrated otherwise. Individual states were overcome by the fear that such legislations would depart from established standards. Frances Perkins who was a social worker and an industrialist seemed to have inspired F. When Roosevelt took office inthe Federal Emergency Relief Administration FERA was established to make grants to states for work relief and direct relief, the new deal essay.
The FERA made a requisite that Federal funds be publicly administered and relief payments made in cash than in kind. It provided temporary aid to nearly ae of a million persons over sixty five years of age, the new deal essay. Roosevelt placed the security of the men, womenand children of the nation first. People had to the new deal essay in decent homes, the new deal essay, be involved in productive work, and be safeguarded against misfortunes which cannot be wholly eliminated, the new deal essay.
He believed in making better living out of the lands Americans owned. Because the Federal Government was established to promote the citizens' general welfare, he believed that it was the plain duty of the government to provide security which welfare depends Bortz, The security of the citizens and the family is guaranteed through social insurance.
Various types of social insurance are interrelated and cannot be solved in piecemeal. Short and long-term programs While short -term programs were intended to alleviate immediate suffering that was meted out on American citizens by the Great Depression, the long-term programs were initiated to strengthen the economy back to its pre-cash level, the new deal essay. The the new deal essay was called "relief" while the latter was called "recovery.
Through the new deal essay program the government stimulated increased farm prices by paying the new deal essay to produce less. The NIRA's fundamental strategy was to centralize planning to combat depression. The Tennessee Valley Authority TVA provided money that was used to transform the economies of seven rural southern states along the Tennessee River. The long-term programs were initiated after Roosevelt's re- election. Some of these programs include Indian Reorganization Act IRAThe new deal essay Progress Administration WPANational Labor Relations Act, and Social Security Act SparkNotes, Some other programs include Soil Conservation and Domestic Allotment Act, United States Housing Authority, and Fair Labor Standards Act.
The Second Agricultural Adjustment Act was also enacted during President Roosevelt second term in office. While the Second New Deal legislation relied heavily on Keynesian style of deficit spending, the first new deal did not.
The long-term programs were put in place because of the criticisms that were leveled against his short-term programs SparkNotes, The criticism was also partly due to the fact that most Americans still needed federal relief assistance.
The second New Deal programs and policies were long-term reforms. How FDR psyched American When FDR took oath of office he realized that the three years of economic depression had dampened the spirit of Americans. More than 11, banks had failed and destroyed the savings of the visitors. People were out of work and many others were doing jobs that could not sustain their livelihoods Otis, The dollar was weaker against major world currencies.
To remedy this economic disaster, Roosevelt made an undertaking to address pertaining to agricultural relief, the new deal essay, prohibition, unemploymentthe new deal essay, and old age insurance.
He indicated that election of a Democratic candidate would lead to unprecedented growth of the existing government to deal with problems the nation was currently facing. He purposed to get the nation ready for the acceptance of the expansion of federal power Leuchtenburg, He averred that the United States constitution was simple the new deal essay practical and in that way made it possible to meet extraordinary needs without loss of essential form.
He declared total combat against the Great Depression and required massive executive support and weight to bring this dream to reality. His famous the new deal essay. References List Bortz, A. Social Security: The Roosevelt Administration. Franklin D. Roosevelt and the New Deal, the new deal essay, New York: Harper and Row, the new deal essay.
New Deal Politically-motived objections to President Roosevelt's "New Deal" would long outlive FDR himself.
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New Deal. Words: Length: 2 Pages Topic: Economics Paper #: New Deal The Great Crash of and the Depression that followed paved the way to the American Presidency for Franklin D. Roosevelt, who won the elections in pledging " to a new deal for the American people" 1 The New Deal refers to the numerous economic programs adopted during under Roosevelt administration (Fitzgerald, Shouba, and Sluys 89) Discursive Essay The New Deal was a miracle solution to the problems caused by the Great Depression to a large extent. The Great Depression is perhaps one of the most significant economic disasters in American history. From this time of crisis emerged the ‘New Deal’, designed to direct a variety of recovery spending measures at the diverse economic challenges that emerged
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