Attention!! The New Deal

The First New Deal

The New Deal in History

The New Deal was a series of federal programs set by Franklin Delano Roosevelt, during the Great Depression and WWII, in order to save Capitalism and to resolve issues brought upon the people by the Great Depression.

The Main Goals

The main goals for the New Deal was the reform of the economy and the recovery of the people from the Depression. It was to stabilize the banks and clean up the mess caused by the Stock Market Crash of 1929. The New Deal was responsible for fixing the jobs in American Society. 25 percent of all Americans were unemployed in 1933, so the Government created a set of job agencies.


Affects

Perhaps one of the most important things that the New Deal was responsible for was moral uplift. Due to the vast increase of jobs and the improvement of the economy, many citizens were able to become optimistic about a bright future, as they were able to get a ruined society back onto its feet in less than a decade. The programs managed to help the financial branch of the economy recover from the Stock Market Crash of 1929. It also helped to steady prices for industrial and agricultural products, and it saved state and local governments from bankruptcy. The New Deal helped millions of people recover from the Depression. Go FDR!

The Agencies

Civil Conservation Corps (CCC)

A job agency which enabled young men to earn money for digging trenches, building damns, and planting trees.


Public Works Administration (PWA)

Enabled 8.5 million people in the US to build architecture such as bridges, public buildings, airports, roads, and parks.


Tennessee Valley Authority (TVA)

Was created to use the power of the Tennessee River to give power to the regions in the U.S. that were not yet developed. The TVA was one of the most successful programs in the New Deal because it started hydroelectric power in the United States and the government improved the economic and industrial growth.

Agriculture Administration Act (AAA)

Restricted agriculture production by paying farmers subsidies not to plant on certain parts of their land. It also included killing any excess livestock.


Federal Deposit Insurance Corporation (FDIC)

Still functioning today, it provides insurance to depositors in banks. They did this to increase and keep confidence in the banks. It would pay depositors up to $100,000 in the case that there was a bank failure.


Securities and Exchange Commission (SEC)

An agency that was made to control the stock exchange and ensure the investor’s protection. It would protect the public’s investment in stocks.


National Recovery Administration (NRA)

Was made to eliminate the competition by bringing big industry workers and government together to create codes of fair practices.


Federal Emergency Relief Administration (FERA)

Distributed cash payments to those unable to work. This included the urban poor, usually in the form of unskilled, sometimes made-work jobs.