The New Deal
by: Cameron Lockwood, Haruka Kawai and Marin Reed
what is the new deal?
The New Deal was a series of domestic programs enacted in the United States mostly between 1933 and 1938.
The New Deal included laws as a result of the Great Depression that were passed by President Franklin D Roosevelt and Congress.
These laws focused on what historians call the "3 Rs": Relief, Recovery, and Reform.
Relief for the unemployed and poor;
Recovery of the economy to normal levels;
Reform of the financial system to prevent a repeat depression.
programs made to benefit the New Deal and help the people of america
CCC - Civilian Conservation Corps
The Civilian Conservation Corps was created in 1933 by FDR to combat unemployment. This work relief program had the desired effect and provided jobs for many Americans during the Great Depression. The CCC was responsible for building many public works and created structures and trails in parks across the nation.
CWA - Civil Works Administration
The Civil Works Administration was created in 1933 to create jobs for the unemployed. Its focus on high paying jobs in the construction arena resulted in a much greater expense to the federal government than originally anticipated. The CWA ended in 1934 in large part due to opposition to its cost.
HOLC - Home Owner's Loan Corporation
The Home Owner's Loan Corporation was created in 1933 to assist in the refinancing of homes. The housing crisis created a great many foreclosures , and Franklin Roosevelt hoped this new agency would stem the tide. In fact, between 1933 and 1935 one million people received long term loans through the agency that saved their homes from foreclosure.
PWA - Public Works Administration
The Public Works Administration was a program created to provide economic stimulus and jobs during the Great Depression. The PWA was designed to create public works and continued until the US ramped up wartime production for World War II . It ended in 1941.
The New deal in action, What were some acts created?
On his first day in office, President Roosevelt passed “Roosevelts Emergency Bank Act” which standardized banks and closed the ones that were insolvent. Shortly after, Roosevelt followed by taking the first step to end Prohibition and creating new agencies such as Agricultural Adjustment Act and the Tennessee Valley Authority Act. The Agricultural Adjustment Act paid commodity farmers to leave their fields fallow in order to end overproduction of crops and raise prices. The Tennessee Valley Authority Act enabled the federal government to build hydroelectric dams along the Tennessee river that controlled flooding and supply inexpensive electricity. In addition to these acts, Roosevelt had won passage of 13 other major laws that greatly impacted the United States.
Impacts or Legacies of the New Deal
1.A National Pension System. The Social Security system pays out old-age pensions (and has been expanded to include aid to other groups). It is funded through taxes on employers and employees.
2.Oversight of Labor Practices. Created by the Wagner Act, the National Labor Relations Board (NLRB) oversees labor unions. It also investigates disputes between management and labor.
3. Agricultural Price Supports. This program pays farmers to raise crops for domestic use rather than export. To receive payments, farmers must agree to limit the space they devote to certain crops.
4. Protection for Savings. After the bank holiday of 1933, the Federal Deposit Insurance Corporation (FDIC) was created. The FDIC insures bank deposits up to $100,000. It replaces the deposits of individuals if banks close.
5.Regulation of the Stock Market. A federal agency called the Securities and Exchange Commission watches the stock market. It makes sure companies follow fair practices for trading stocks.
How did the new deal over all benefit america?
Franklin Delano Roosevelt entered the White House in 1932 at the darkest time of the Great Depression , promising "a new deal for the American people." The New Deal provided American people with a series of social and economic programs that were meant to provide jobs for Americans and to relief those who were suffering from poverty. New Deal aimed to restore some measure of dignity and prosperity to many Americans at that time. However the issues about depression could still be solved. Then, On December 7, 1941, Pearl Harbor happened and the United States entered World War II. The war effort stimulated American industry and, as a result, effectively ended the Great Depression.