Tuesday, November 29, 2016

Roosevelt and The New Deal

Often referred to as the First New Deal, the First Hundred Days was a period of time in which Roosevelt tried his best to get people back to work as soon as possible. He based his deal around the three R's: relief, recovery, and reform. "Relief" were short-term solutions to stop the help ease the immediate suffering. These included the Emergency Banking Act to try and save the banks and the Unemployment Relief Act which was able to provide jobs through projects such as reforestation. "Recovery" was the beginning of the economic stability. These included the Economy Act to balance the budget and aid the veterans and the Tennesee Valley Authority which constructed dams, prevented flooding and provided jobs. "Reform" aimed to prevent crises like the Depression from happening in the future. These included Acts such as the Agricultural Adjustment Act and the Federal Securities Act. The Agricultural Act set up the AAA which paid farmers to prevent overproduction. The Federal Securities Act made it illegal for brokers to conceal information when selling stocks to prevent any future issues. Overall, this deal was very ambitious. However, knowing that the New Deal did not get us out of the Great Depression, can we still consider it successful? Why, or why not?

No comments:

Post a Comment