The New Deal :: essays research papers

The New Deal"How wellhead did the New Deal flake the Depression?" I think that theanswer to this question is that it did very well and I would give it a grade ofan A.When Roosevelt took office, in 1933, he had triplet goals in mind, to savethe banks, save the mountain, and to rebuild the economy. He set his sights onreturning the banks to their prosperous days of the pre-depression age.     Since the beginning of the Depression, banks were closing faster thanthe people could withdraw all of their money. He countered this by closing allthe banks and had intercourse pass an Emergency Banking Act that made federal loansavailable to unavowed bankers. At the same time he passed an Economy Act that need the government to balance the budget. These helped ease the financialproblems throughout the nation and whence he began to reconstitute the banking carcass with such acts as The Glass-Stegall Act and the founding of the FederalDeposit Insurance Corporati on. He in any case set up the Securities Act and thesecurities Exchange Act that were overdue regulations for the Stock Market. In effectuate to enforce all these new acts, he started the Securities and ExchangeCommission. These actions got the banks and the financial system started in theright direction of what would be a slow recovery process.     Roosevelts next objective was to take care of the people. ThoughRoosevelt was a conservative, he realized the extreme need to help the poor. Hehad Congress respond promptly, and established the Federal Emergency ReliefAdministration that gave $500 meg in quietus to the poor people of thecountry. Roosevelt then went on to realise organizations that would offer jobsand a sense of self-esteem to the unemployed of the country. One of theseorganizations was the civil Conservation Corps that provided young men withjobs to improved the environment. They had such jobs as planting trees andhelping to stop erosion. Anothe r government activity was the cultured WorksAdministration that paid unemployed people $15 a week to perform governmentprojects. Many people during this time were also in jeopardy of losing theirhomes. To this, Roosevelt established the Homeowners loan Corporation thatallowed people to restructure or take out another mortgages on their homes. Hisensuing quantity was to rebuild the economy.     Roosevelt felt that recovery would not only come from relief efforts,but also with the cooperation from agriculture and industrial groups. Probablythe most pregnant acts by him and Congress were the Agricultural Adjustment