New Deal Dbq

1157 Words3 Pages

“I pledge you, I pledge myself, to a New Deal for the American people,” Franklin D. Roosevelt. New Deal, a program launched by Franklin D. Roosevelt, which made a move to bring about immediate relief, financial help, and additional reforms in industry, agriculture, finance, housing, and massively expanding the extent of the federal government's exercises . On July 2, 1932, the term “New Deal” was taken from Roosevelt's speech accepting the Democratic nomination for the presidency. Countering the insufficiency of President Herbert Hoover’s administration in meeting the consequences of the Great Depression, American voters overwhelmingly voted for the Democratic promise of the "New Deal", and for the "Forgotten Man,” which opposed the traditional American political theory of free enterprise or “Laissez-Faire.” The New Deal -for the most part- grasped the idea of a government-controlled economy aimed at accomplishing a harmony between clashing economic interests.
Franklin D. Roosevelt was the 32nd president of the United States, historians considered him to be …show more content…

A very highlighted act of the reform program was the Social Security Act (SSA), and it was designed to provide the elderly who are no longer able to work with money to survive, and that helped increase FDR’s popularity as he was the first president to take money from the young by taxes and give it to the elderly who can no longer support themselves. The Federal Deposit Insurance Corporation (FDIC) was another reform program that was designed to ensure depositors their money in savings banks, because one of the things that Roosevelt urged the people to do was to deposit more money than they withdrew from banks but considering all the banks that went bankrupt during the depression, he had to give the people a sense of

More about New Deal Dbq

Open Document