Roosevelt's Socialist Plans

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The year of 1929 was the beginning year of a depression that changed America forever. The fall of the New York Stock Exchanged in October of 1929 is what signified the beginning of the economic disaster known as, the Great Depression. During the Great Depression many banks failed, unemployment rates rose, and people lost faith in the economy. (About the Great Depression) A combination of all those things led to the downward spiral of the American economy. During this time people needed someone to look up to for change and guidance, that person was Franklin D. Roosevelt.

Roosevelt was elected president in 1932. Once he was elected he came up with the New Deal programs. These programs were a series of government funded projects that lowered unemployment, strengthened the value of the dollar, and kept money in circulation. The purpose of the New Deal programs were the 3 R’s; relief, recovery, and reform. Direct relief and economic recovery were the short term goals and financial reform was the long term goal of the New Deal programs. (Big Tent Democract) The New Deal programs did reach some of their short term goals, but did not ever reach the long term goal of financial reform. Roosevelt’s New Deal did not improve America’s economy as many people believe. In fact, the New Deal has harmed America in the long run.

During the New Deal period of 1933-1939 the national government took control of the United States’ economy. Our economy was failing and we needed a strong central government to take over in our time of need. Congress passed acts that created new federal agencies and programs proposed by the president in hopes of strengthening our economy. Some of the important programs were the Federal Housing Administration, the Civilian...

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Folsom, Burton. “2010 vs. 1938—Obama and FDR.” History News Network. Web. 7 Nov.

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“Keynesian Economics.” dictionary.com. Dictionary.com, n.d. Web. 18 Sep. 2011

Mitchell, Dan. “The New Deal Hurt the Economy.” International Liberty. Web. 12 Apr. 2011

O’Connor, Karen, and Larry J. Sabato. American Government Roots and Reform.

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“Socialism.” dictionary.com. Dictionary.com, n.d.Web. 11 Sep. 2011

Thorndike, Joseph J. “FDR's Unlikely Prescription: Tax Hikes for Recovery” Tax Analysts.

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