The Great Depression and Franklin D. Roosevelts New Deal Essay

The Great Depression and Franklin D. Roosevelts sensitive DealDuring the 1930s, the States witnessed a breakdown of the Democraticand free enterprise system as the US fell into the worst feeling inhistory. The economic depression that beset the United States and othercountries was unique in its severity and its consequences. At the depth ofthe depression, in 1933, one American worker in every(prenominal) four was out of ajob. The great industrial slump continue throughout the 1930s, shakingthe foundations of Western capitalism.The New Deal describes the platform of US president Franklin D.Roosevelt from 1933 to 1939 of relief, recovery, and reform. These newpolicies aimed to solve the economic problems created by the depression ofthe 1930s. When Roosevelt was nominated, he said, I pledge you, I pledgemyself, to a new convey for the American people. The New Deal includedfederal run of unparalleled scope to stimulate industrial recovery,assist victims of the Depression, guarante e minimum backing standards, andprevent future economic crises. Many economic, political, and mixerfactors lead up to the New Deal. Staggering statistics, like a 25%unemployment rate, and the fact that 20% of NYC school children were underweight and malnourished, made it clear immediate action was necessary. Inthe first two years, the New Deal was concerned in general with relief,setting up shelters and soup kitchens to feed the millions of unemployed. However as m progressed, the focus shifted towards recovery. Inorder to accomplish this monumental task, several agencies were created.The subject field Recovery Administration (NRA) was the keystone of the earlynew deal program launched by Roosevelt. It was created... ... After the lawwas passed, wages began to rise as the preservation rescinded to war production.Wages and prices continued to rise, and the original minimum wage ceasedto be relevant. However, this new law still excluded millions of workingpeople, as did soci al security. However, a severe recession led manypeople to turn against New Deal policies. In addition, World War IIerupted in September 1939. Causing an enormous growth in the economy aswar goods were once again in great demand. No study New Deal legislationwas enacted after 1938.The Depression was a annihilative event in America, and byregulating banks and the stock market the New Deal eliminated the dubiousfinancial practices that had helped precipitate the Great Depression.However, Roosevelts chief financial tool, deficit spending, proved to beineffective in averting downturns in the economy.