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American studies report.
I believe FDR's new deal was also known as Roosevelt's new deal, I know nothing about it!

2007-11-25 23:59:32 · 2 answers · asked by Marsha 1 in Arts & Humanities History

2 answers

The post above gives some of the important information about the New Deal, made by Franklin Delano Roosevelt (FDR), but I'm afraid it doesn't answer the question.

How effective was it?

That depends on how you look at it. In some ways it was nice, in others a serious problem.

Did the program keep people working and provide an amount of hope that people needed? Oh yes, it certainly did that.

Did it help actually bring the country out of the Great Depression? Not at all, in fact, the opposite. The government worked itself into a deeper problem, all the government sponsored programs increased the cost for everyone. The government had to pay the workers, which required the government taking in more taxes or going into debt. Neither one of those things helps an economy flourish.

What helped fix the Great Depression?

At the start of it, several of the infamous "robber barons" of industry invested their person fortunes to keep the American banking system from completely collapsing. This event is not known by many, but it kept the entire economy of the US, and other parts of the world, from going under. The Great Depression was bad, but it would have been a whole lot worse without their efforts.

The event that really ended the Great Depression was World War II. The demand for workers and soldiers provided income to many that needed it. The economy was stimulated by an intense need for goods for the war effort. Wars almost always improve the economies of countries as they have to produce more.

2007-11-26 00:44:33 · answer #1 · answered by Yun 7 · 2 0

The Great Depression was unlike anything Americans had ever seen. Capitalism comes with a built in boom and bust cycle, which Americans were used to, but all previous panics and depressions lasted only two years or less.
Herbert Hoover, President when the depression struck, was widely respected as a humanitarian. This self made Quaker millionaire fed a lot of people in Russia during its famine after its civil war. He thought it was the duty of private individuals to give to charity to relieve the suffering, and many people did give, but private charity and the religious relief efforts only fed people. Giving jobs to millions of people was beyond the capacity of private and religious charity to provide. State governments could have launched public works programs, but nearly all of them were broke.
One of the functions of government is to prevent famines and provide for the prosperity of the people. FDR understood this and launched his New Deal, which was a massive public works program - out of it came big flood control projects combined with hydroelectric generation such as in the Tennessee Valley Authority, the Hoover Dam and the Grand Coulee Dam, the Civilian Conservation Corps., which planted millions of trees and modernized facilities at national parks, and so on. His overall plan was very ambitious but he ran into serious opposition in Congress and in the Supreme Court. Thus his programs gave work to only a portion of the millions who were out of work, but he did give people the belief that government cared about them, and this gave people hope, something very valuable.
For an excellent look at the agricultural side of this great crisis watch the black & white film "The Grapes of Wrath,"
starring Henry Fonda. Better yet, read the book.

2007-11-26 00:20:40 · answer #2 · answered by Anonymous · 0 1

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