Compare And Contrast The Great Depression And The New Deal

1257 Words3 Pages
bulb-icon

Recommended: Dbq the great depression and the new deal 8th grade

The Great Depression and the New Deal
The Great Depression of 1929 to 1940 began and centered in the United States, but spread quickly throughout the industrial world. The economic catastrophe and its impact defied the description of the grim words that described the Great Depression. This was a severe blow to the United States economy. President Roosevelt’s New Deal is what helped reshape the economy and even the structure of the United States. The programs that the New Deal had helped employ and gave financial security to several Americans. The New Deals programs would prove to be effective and beneficial to the American society.
The Smoot Hawley Tariff Act was a United States law that was enacted in June 1930. It caused an ffs in all sectors …show more content…

The shares values had fallen and this left people panicking. Many businesses closed and several of the banks did not last because of the businesses collapsing. Many people lost their jobs because of this factor. Congress passed Roosevelt’s Emergency Banking Act, which helped reorganize the banks and closed the ones that were insolvent. Then three days later he urged Americans to put their savings back in their banks and by the end of the month basically three quarters of them reopened. Many people refer to the Banking Act as the Glass Steagall Act that ended up prohibiting commercial banks from engaging in the investment business and created the Federal Deposit Insurance Corporation. The purpose of this was to get rid of the speculations in securities making banking safer than before. The demand for goods were declining, so the value of the money was …show more content…

This made the government spend a lot of their money on programs to help recover all the lost jobs and to give businesses the confidence to spend money also. When the businesses saw that the government was actually willing to spend money it gave the business owners confidence to spend their money. Once the money started circulating around the economy would start slowly growing. The New Deal Programs were diverse relief schemes such as the Tennessee Valley Authority (TVA), Public Works Administration (PWA), Civil Works Administration and the National Recovery Administration (NRA).
One step for people with unemployment came called the Civilian Conservation Corps (CCC). This was a program that was enacted by Congress to help bring relief to young men between the ages of 18 and 25. The CCC had somewhat of a military style that enrolled the jobless young men in work camps across the country. In the 1930s there was approximately 2 million men who took part in this program. These young men participated in a wide variety of conservation projects. They received clothing and food and they paychecks that they received were sent home to their

Show More
Related

  • FDR Election DBQ Essay

    524 Words  | 2 Pages

    In the Roaring Twenties, people started buying household materials and stocks that they could not pay for in credit. Farmers, textile workers, and miners all got low wages. In 1929, the stock market crashed. All of these events started the Great Depression. During the beginning of the Great Depression, 9000 banks were closed, ending nine million savings accounts. This lead to the closing of eighty-six thousand businesses, a European depression, an overproduction of food, and a lowering of prices. It also led to more people going hungry, more homeless people, and much lower job wages. There was a 28% increase in the amount of homeless people from 1929 to 1933. And in the midst of the beginning of the Great Depression, President Hoover did nothing to improve the condition of the nation. In 1932, people decided that America needed a change. For the first time in twelve years, they elected a democratic president, President Franklin D. Roosevelt. Immediately he began to work on fixing the American economy. He closed all banks and began a series of laws called the New Laws. L...

    Read More

  • Compare And Contrast The Reagan Revolution And The New Deal

    311 Words  | 1 Pages

    The New Deal was the solution of the great depression and brought people back to their regular lives believe that The New Deal was the best solution because it reversed a lot of what Hoover did wrong with the economy. It's also better than the Great Society and The Reagan Revolution because it had a bigger impact on the people at the time. Because of its effect on the Great Depression.

    Read More

  • Civilian Conservation Corps Pros And Cons

    1306 Words  | 3 Pages

    The Civilian Conservation Corps (CCC) was a work relief program that functioned throughout the years of the Great Depression. From 1933 to 1942 the CCC employed three million unmarried and unemployed young men to help families receive income during the New Deal Era. President Franklin D. Roosevelt was the man who created this relief program on March 9, 1933 and the bill establishing the CCC was passed by Congress shortly after on March 31, 1933.

    Read More

  • New Deal Dbq

    1545 Words  | 4 Pages

    Coming into the 1930’s, the United States underwent a severe economic recession, referred to as the Great Depression. Resulting in high unemployment and poverty rates, deflation, and an unstable economy, the Great Depression considerably hindered American society. In 1932, Franklin Roosevelt was nominated to succeed the spot of presidency, making his main priority to revamp and rebuild the United States, telling American citizens “I pledge you, I pledge myself, to a new deal for the American people," (“New” 2). The purpose of the New Deal was to expand the Federal Government, implementing authority over big businesses, the banking system, the stock market, and agricultural production. Through the New Deal, acts were passed to stimulate the economy, aid banks, alleviate environmental problems, eliminate poverty, and create a stronger central government (“New”1).

    Read More

  • Great Depression Compare And Contrast Essay

    1412 Words  | 3 Pages

    Compare and Contrast Essay Rough Draft January 26, 2016 Justin Park The Great Depression was the worst period in the history of America’s economy. There is no way to overstate how tough this time was for the average worker, and there was a feeling of desperation that hung over the entire country. Current political wisdom leading up to the Great Depression had been that the federal government does not get involved in business or the economy under any circumstances. Three Presidents in a row: Warren G. Harding, Calvin Coolidge, and Herbert Hoover, all were cut from the same cloth of enacting pro-business policies to generate a powerful economy.

    Read More

  • Assessment of the Success of the New Deal

    1112 Words  | 3 Pages

    After the depression America was in a state mass hysteria as the Wall Street crash had caused a massive crisis among the American public because the impact of the wall street crash caused 12 million people out of work, it also caused 20,000 companies to go bankrupt and there were 23,000 suicides in one year because of the wall street crash this was the highest amount of suicides in a year ever. The main aims of the new deal were Relief, Recovery and Reform, Relief was for the Homeless and Unemployed, recovery was for Industry, Agriculture and Banks and Reform was to prevent the depression form happening again. The structure of The New Deal was the First Hundred Days (1933) where he would focus on relief by helping the homeless and unemployed and recovery by helping industry, agriculture and banks, there was also the Second New Deal where he would focus on Reform, preventing the depression from happening again. Roosevelt believed that the government should help those people worst affected by the depression, this is why he created over 50 alphabet agencies to deal with the problems caused by the depression, this is why he introduced the new deal because he wanted to ease the pressure

    Read More

  • The New Deal Dbq

    766 Words  | 2 Pages

    The New Deal advocated for women's economic and social rights immensely, giving them new opportunities and a more prominent role in the work force. Many African Americans gained new jobs and opportunities through the New Deals policies, “2,117,000 Negroes were in families receiving relief in the United States”(doc 16). Low-cost public housing was made available to black families, as well as other minorities who needed the economic relief. The National Youth Administration and the Civilian Conservation Corps permitted black youths to continue schooling and The Work Projects Administration gave jobs to many African Americans.

    Read More

  • Argumentative Essay On The New Deal

    946 Words  | 2 Pages

    In response to the Great Depression, the New Deal was a series of efforts put forth by Franklin D. Roosevelt during his first term as United States’ President. The Great Depression was a cataclysmic economic event starting in the late 1920s that had an international effect. Starting in 1929 the economy started to contract, but it wasn’t until Wall Street started to crash that the pace quickened and its effects were being felt worldwide. What followed was nearly a decade of high unemployment, extreme poverty, and an uncertainty that the economy would ever recover.

    Read More

  • The Civilian Conservation Corps

    867 Words  | 2 Pages

    The Civilian Conservation Corps, which was established in 1933 to conserve the wilderness and give young able men jobs. This program was one of Roosevelt’s New Deal programs that were to bring the country out of the depression. The Civilian Conservation Corps took in unmarried men from ages eighteen to twenty-five and moved them to the wilderness to work. They planted trees, built parks, fought soil erosion, and preformed timber culturing (Davidson 718).

    Read More

  • New Deal Dbq

    673 Words  | 2 Pages

    In response to the Great Depression, FDR’s Roosevelt’s New Deal brought the United States to the state of economic stability through programs that provided relief, recovery, and reform. Many of these programs successfully provided millions of jobs for Americans, improved labor conditions in some industries, and brought about new systems in the industry that overall took America out of the Great Depression.

    Read More

  • New Deal Dbq

    717 Words  | 2 Pages

    The Glass-Steagall Act was passed which prohibited commercial banks from engaging in the investment business. This was a major issue that contributed to the cause of The Great Depression. In integration, indemnification companies were engendered. The FDIC insured bank deposits and the SEC forfended investors.

    Read More

  • New Deal Dbq

    658 Words  | 2 Pages

    The depression of economic that beset United States of America same as the other countries was highly unique in its severity and in consequence.United States workers were highly under depression of unemployed in during depth of the depression in 1933’s, The great industrial and companies and small businesses steep fall continued throughout the 1930's, swinging to and fro the foundations of Western capitalism, which the farmer president of United States Franklin D. Roosevelt expressed “The New Deal” that he had promised in his during election for people and begun from 1933 to 1939, to help, recovery, and reform, these were the new policies to help the economic problems that created by depression of the 1930’s

    Read More

  • New Deal DBQ

    903 Words  | 2 Pages

    One program that was implemented after the market crash was the FDIC (Federal Deposit Insurance Corporation) which insured bank deposits. This program gave Americans a needed sense of security and in turn allowed businessman to make moves to benefit themselves and their companies without the fear of losing all their self wealth. The SEC (Securities Exchange Commision) was another program that regulated stock market business and it made the stock market a safer place for investments. Reforms in this aspect put assuring confidence in investors as they noticed how the new trading practices were now stabilized. Maybe the most important recovery act for Americans was the NRA (National Recovery Act) as it was dubbed “The most important and far-reaching legislation ever enacted by the American Congress”, By FDR. The objective of the NRA was to implement fair and straightforward codes for fair competition in the workplace. Rebuilding from the bottom up is what America had to do during the time of the depression and the programs that combatted incorrect business plans allowed America to become prosperous once

    Read More

  • New Deal Dbq

    723 Words  | 2 Pages

    Some of the New Deal relief programs paid for public works projects such as building bridges, lighthouses, schools, and sewer systems, getting thousands of people out of unemployment. For a lot of the new employed, it was the first of money that they had received in months and they would finally be able to support their families and fight the Depression, one step at a time. Another organization that the New Deal created was the CCC (Civilian Conservation Corps) and it paid young men to work on environmental improvement projects such as replanting parts of forests, draining swamps, and fighting fires, who could finally start supporting their families. Although the New Deal was particularly racist against African Americans as they were the last to be employed and first to be fired, even African Americans benefited from the legislations created by the New Deal, even though it wasn’t by

    Read More

  • Franklin Delano Roosevelt's Impact On US History

    2574 Words  | 6 Pages

    By March 10th, the governor told FDR it was impractical to move the unemployed to the proposed land. Roosevelt summoned Ickes and Henry Wallace to the White House for an emergency meeting. He wanted to discuss a bill about enlisting 500,000 men for work on government projects by the middle of summer. Within eleven days Roosevelt sent a message to congress. It was designed to tell the country that relief and jobs were on the way. Thanks to the CCC supporting young workers the Public Works Administration aimed to helping the middle-aged unemployed. Roosevelt knew that large scale projects would take years to get off the ground. Other tasks like clearing trails, draining swamps, planting trees, fighting forest fires, and building cabins in national parks and forests could begin immediately. “Roosevelt was told repeatedly that this was going to be an impossible task for all sorts of reasons.”6 Even Wallace who was known for his dreaminess didn’t think it was possible, as he noted that “the forestry service couldn’t possibly handle such a large group.”7 FDR wanted

    Read More

More about Compare And Contrast The Great Depression And The New Deal

Open Document