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  • Essay / Why the New Deal was important to America

    It's hard to imagine an America without major social programs like Social Security or the SEC for example, but for Americans before the 1930s, it This was their harsh reality. After the stock market crash of 1929, America fell into the worst economic depression in its history, affecting the entire world. President Hoover, who had won his election by a landslide, suddenly found himself in a situation he was not prepared to face. His efforts were seen as weak and inadequate. He has not put enough effort into solving the catastrophic problem that has caused a massive realignment of American politics. A nation that was once united with the Republican Party was immediately outraged by Hoover and subsequently removed him from office in the following election. His opponent was the beloved Franklin Delano Roosevelt, who won by 472 electoral votes, surpassing Hoover's 444 votes in the previous election. FDR instilled hope in the American people in his inaugural address when he declared that “the only thing we have to fear is fear itself.” His plan began as soon as he was elected, organizing a group of elites known as the brain trust to develop policies that would end the Depression. These policies would later be known as the New Deal. During his presidency, FDR fundamentally changed the relationship between the American people and their government. Before the new deal, the vast majority of Americans did not expect the government to help them in times of need or economic hardship. However, after Roosevelt's term, the discourse changed. Americans were no longer wondering if their government would intervene, but rather how. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay One of the main reasons President Roosevelt appealed to the vast majority of the American public was because he promised to do something to end the economic crisis. country was facing. Unlike Hoover who thought the government should refrain from getting too involved. Many historians like to divide FDR's policies into three categories known as the three R's: relief, reform, and recovery. First, he hoped to bring relief to the poor and unemployed. During the Depression, no one was hit harder than farmers and the poor. To put things into perspective, people would go to their local banks and find that their entire savings had disappeared overnight. “When President Roosevelt entered the Oval Office on March 5, 1933, the economic crisis was at its terrifying peak. The number of people officially unemployed now stands at a quarter of the working population and in many cities this proportion is much higher.” Second, he wanted to return the American economy to its pre-depression state. America was going through the Roaring Twenties, a period in which it experienced great economic wealth after World War I, only to be brought to an abrupt halt by the Great Depression. Finally, he hoped to reform financial systems to reduce the risk of further economic catastrophe. To achieve these goals, Roosevelt implemented a series of programs known as the New Deal. The new agreement is usually divided into first and second. During his first hundred days in office, from March to June 1933, Roosevelt did most of his hardest work getting these programs approved by Congress or sometimes even having them implemented.adopt by decree. “After Franklin D. Roosevelt became president in March 1933, he shepherded a series of major new depression-fighting laws and policies through Congress. Many of these policies and programs were implemented during his first hundred days in office and addressed a wide range of issues facing the American people. The first new agreement, implemented between 1933 and 1934, was primarily aimed at changing the structure of the national economy and providing relief to the banking sector. The second new agreement, implemented from 1935 to 1938, aimed to improve the country's use of resources, provide relief to farmers, and create various labor programs. “In the spring of 1935, President Franklin D. Roosevelt launched an ambitious new series of federal programs and initiatives aimed at restoring good economic health to the United States. Since his first set of reforms was widely known as the New Deal, his 1935 proposals came to be called the Second New Deal. The first action taken by Roosevelt was the holiday. Where he closed all banks and allowed only strong and safe banks to reopen. “The Roosevelt administration immediately responded to the crisis by declaring a banking holiday, allowing only safe banks to reopen and offering aid to others.” This ensured that weaker banks, which were most at risk of losing their customers' money, would have a better chance of survival. After the holiday, Roosevelt began implementing aid programs for the poor and needy who desperately needed help. Programs such as the Works Progress Administration (WPA), the Civil Conservation Core (CCC), and the Tennessee Valley Authority (TVA) are designed to put unemployed workers to work. The CCC, for example, specifically targeted unemployment in cities and created jobs for young people to fill. It would take young people aged 18 to 25 and send them to rural areas where they would clean the beaches and the environment. Thus, in Roosevelt's eyes, this creates a chain reaction of mutual benefit. The money would be sent to parents who would then use it to put back into the economy, and the environment would also become cleaner. Meanwhile, the Tennessee Valley Authority (TVA) has allocated much-needed electricity to rural areas of the South. The Social Security Act was designed to provide financial assistance to older people when they retired and could no longer contribute to the labor market. The Federal Deposit Insurance Corporation (FDIC) was another important agency created by the new agreement. The FDIC was designed to instill confidence in Americans in their banks. It ensures the safety of your money in a bank account should something happen to the bank. The FDIC is still in business today to insure bank accounts of $5,000 or more. Much like the FDIC, many government agencies created by the new agreement still exist today. Agencies such as the Federal Housing Administration (FHA), which provides mortgage insurance on loans. The Federal Crop Insurance Corporation (FCIC) which protects farmers against losing their crops due to natural disasters, and the Security Exchange Commission (SEC) which acts as an arbiter for the stock market. However, not everyone was a fan of Roosevelt's new deal. Many believed that Roosevelt was leading the country on the path to socialism. Others say the new deal actually prolonged the Great Depression. Keep in mind: this is just a sample. Get a personalized item now.”