The New Deal

1080 Words3 Pages
bulb-icon

Recommended: The impact of roosevelt new deal

This essay will discuss the extent to which the New Deal strengthened the USA’s capitalism. The New Deal introduced reforms to the capitalist system and they got rid of the fetchers that were abused in the 1920’s. The New Deal reformed the system to protect workers from abuse from the owners of the factories and how the US government took more responsibility for the welfare of its citizens.
In the 1920s the USA had become a mixture of dramatic, social and political change. At this time the cities become larger and there were more people in the cities than in the rural areas. The US economy had more than doubled in strength between 1920 and 1929, this growth in wealth pushed America into the unfamiliar territory of the consumer society. Since Americans had extra money, they spent a lot of it on consumer goods like ready-to-wear cloths, home appliances and cars. However this wealth was only experienced by 40% of the whole population of America. It’s estimated that 60% of all American families lived below the bread-line. Despite this many Americans started to gamble their money in the American stock market. They saw the buying and selling of stocks would be an easy way to make money and because of this, many people bought stocks on the margin’. Buying stock ‘on the margin’ meant that the person couldn’t afford the stocks at full price, the broker could sell the stock to the person at a fraction of the price and the person could pay the broker back with interest at a later stage. The problem with this is that if the selling of the stocks didn’t make a profit, then the person would be in a lot of debt and this happened to many people that where living under the bread-line. Unfortunately despite this many Americans saw the stock mar...

... middle of paper ...

...oard to oversee the elections of unions and they stopped business owners from mistreating their workers. FDR also passed the Social Security Act of 1935 which promised pensions to many Americans, also created a system that insured the unemployed and promised that the government would take care of dependent children and the disabled people.
The conservative side of the Supreme Court had disagreed with many of the acts passed by the New Deal. This set the New Deal back a few steps but to fight this FDR set a plan in motion to add more liberal judges to the Court to overrule the conservative side of the Court. This plan worked in getting the conservative side of the Court to uphold the New Deal but it also gave his opponents in Congress ammunition to use against him. This gave rise to increasing distaste with the New Deal and this made it hard to pass any new acts.

Show More
Related

  • Analysis Of A New Deal For The American People By Roger Biless

    935 Words  | 2 Pages

    In his book, A New Deal for the American People, Roger Biles analyzes the programs of the New Deal in regards to their impact on the American society as a whole. He discusses the successes and failures of the New Deal policy, and highlights the role it played in the forming of American history. He claims that the New Deal reform preserved the foundation of American federalism and represented the second American Revolution. Biles argues that despite its little reforms and un-revolutionary programs, the New Deal formed a very limited system with the creation of four stabilizers that helped to prevent another depression and balance the economy.

    Read More

  • New Deal Dbq

    1545 Words  | 4 Pages

    The New Deal sought out to create a more progressive country through government growth, but resulted in a huge divide between liberals and conservatives. Prior to the New Deal, conservatives had already begun losing power within the government, allowing the Democratic Party to gain control and a favoring by the American people (Postwar 284). With the Great Depression, came social tensions, economic instability, and many other issues that had to be solved for America’s wellbeing. The New Deal created a strong central government, providing the American people aid, interfering with businesses and the economy, allowing the federal government to handle issues they were never entrusted with before. The strong, emerging central government worried conservatives, who supported a weak federal government with little interaction, and resulted in distinct party divisions (285). By allotting the federal government more political control during the early twentieth century, the government now can reign over state governments and affairs. Today many conservatives are still opponents to the strong federal government, finding issues with its involvement in local affairs, whether that be educational involvement through common core or business involvement through labor unions (Diamond 2; Weber 1). While the New Deal formed a divide between

    Read More

  • The Great Depression in "Cinderella Man"

    1586 Words  | 4 Pages

    The stock market crash of 1929 is the primary event that led to the collapse of stability in the nation and ultimately paved the road to the Great Depression. The crash was a wide range of causes that varied throughout the prosperous times of the 1920’s. There were consumers buying on margin, too much faith in businesses and government, and most felt there were large expansions in the stock market. Because of all these...

    Read More

  • Review of "SInce Yesterday"

    784 Words  | 2 Pages

    Frederick Lewis Allen’s book tells in great detail how the average American would have lived in the 1930’s. He covers everything from fashion to politics and everything in between. He opens with a portrait of American life on September 3, 1929, the day before the first major stock market crash. His telling of the events immediately preceding and following this crash, and the ensuing panic describe a scene which was unimaginable before.

    Read More

  • Fsa Photography During the Great Depression

    936 Words  | 2 Pages

    The 1920s were a time of leisure and carelessness. The Great War had ended in 1918 and everyone was eager to return to some semblance of normalcy. The end of the war and the horrors and atrocities that it resulted in now faced millions of people. Easily obtainable credit and rapidly rising stock prices prompted many to invest, resulting in big payoffs and newfound wealth for many. However, overproduction and inflated stock prices increased by corrupt industrialists culminat...

    Read More

  • Was the New Deal a Good Deal for America?

    609 Words  | 2 Pages

    The New Deal did not notably benefit the majority of people. Walter Procter, in a letter to FDR, wrote, “The American worker – manual or brain – is not a dumb brutalized self. He is a man…why should ‘opportunity’ mean only opportunity for ...

    Read More

  • New Deal impact on society

    1623 Words  | 4 Pages

    Many New Deal programs fixed economic problems but did not completely solve social issues surrounding equality and discrimination. New Deal programs took radical steps while moving toward government regulation and intervention, causing conservatives to fear concentrated power, but the steps and transformations Roosevelt made while in office preserved conservatives’ need for capitalism and democracy in government, defining the New Deal as both radical and conservative.

    Read More

  • The New Deal Dbq

    766 Words  | 2 Pages

    The New Deal was a set of acts that effectively gave Americans a new sense of hope after the Great Depression. The New Deal advocated for women’s rights, worked towards ending discrimination in the workplace, offered various jobs to African Americans, and employed millions through new relief programs. Franklin Delano Roosevelt (FDR), made it his duty to ensure that something was being done. This helped restore the public's confidence and showed that relief was possible. The New Deal helped serve American’s interest, specifically helping women, african american, and the unemployed and proved to them that something was being done to help them.

    Read More

  • Features of the New Deal

    4912 Words  | 10 Pages

    held in high esteem by the people of America. That is why I do not

    Read More

  • The New Deal

    1629 Words  | 4 Pages

    The New Deal period has generally - but not unanimously - been seen as a turning point in American politics, with the states relinquishing much of their autonomy, the President acquiring new authority and importance, and the role of government in citizens' lives increasing. The extent to which this was planned by the architect of the New Deal, Franklin D. Roosevelt, has been greatly contested, however. Yet, while it is instructive to note the limitations of Roosevelt's leadership, there is not much sense in the claims that the New Deal was haphazard, a jumble of expedient and populist schemes, or as W. Williams has put it, "undirected". FDR had a clear overarching vision of what he wanted to do to America, and was prepared to drive through the structural changes required to achieve this vision.

    Read More

  • The Great Depression

    915 Words  | 2 Pages

    October 29th, 1929 marked the beginning of the Great Depression, a depression that forever changed the United States of America. The Stock Market collapse was unavoidable considering the lavish life style of the 1920’s. Some of the ominous signs leading up to the crash was that there was a high unemployment rate, automobile sales were down, and many farms were failing. Consumerism played a key role in the Stock Market Crash of 1929 because Americans speculated on the stocks hoping they would grow in their favor. They would invest in these stocks at a low rate which gave them a false sense of wealth causing them to invest in even more stocks at the same low rate. When they purchased these stocks at this low rate they never made enough money to pay it all back, therefore contributing to the crash of 1929. Also contributing to the crash was the over production of consumer goods. When companies began to mass produce goods they did not not need as many workers so they fired them. Even though there was an abundance of goods mass produced and at a cheap price because of that, so many people now had no jobs so the goods were not being purchased. Even though, from 1920 to 1929, consumerism and overproduction partially caused the Great Depression, the unequal distribution of wealth and income was the most significant catalyst.

    Read More

  • The New Deal Reforms

    1052 Words  | 3 Pages

    A change in strategy leads to a new perspective on certain matters. During FDR’s tenure, many new reforms were adopted as part of the New Deal. Some of the major ones included the National Industrial Recovery Act, Agriculture Adjustment Act and the Social Security Act.... ... middle of paper ... ...

    Read More

  • Robert Hastings Digging In Analysis

    731 Words  | 2 Pages

    created a program called the “New Deal.” As Ira Katznelson states in the article “The New Deal,” “His first act as president was to declare a 4-day bank holiday, during which the congress drafted the Emergency banking bill of 1933, which stabilized the banking system…” “The Civil Conservation Corps was one of the New Deal’s most successful programs. It addressed the problem of unemployment by sending three million single men from age 17-23 to the nations’ forests to work.” The article also declares the Deal employed 8.5 million people to build bridges, roads, public buildings, parks, and airports. Some of the buildings one sees today was likely built by the New Deal. The article demonstrates that F.D.R. addressed the complications thoroughly by proceeding little by little. For example, he closed the banks for four days to stabilize them, and passed many bills and laws. Before anyone knew it, millions of people could sustain an income. Moreover, there is a sense of dignity with having a job that gave people ambitions and hope. In addition, there was a bill passed banning child labor, thus letting more children go to school and learn. All in all, without the New Deal, I would likely not be here today. The New Deal strengthened our country and eventually relieved us from the Great

    Read More

  • The New Deal

    1031 Words  | 3 Pages

    The presidential election of Franklin Delano Roosevelt in 1932 had risen the nation’s hope of economic restoration. Over three years of unrelenting hardship had taken damage on the American psyche. Roosevelt’s landslide electoral victory over former president Herbert Hoover, signaled a thorough rejection of the existing state of affairs and a desire for a new approach on “fixing the national economic crisis” (Hurley). The new president would not let down the nation. During his first two terms in office, FDR “enforced legislation through Congress that set a new standard for government intervention in the economy” (wm.edu). The change he made for the nation was radical, the plan would create a lasting impact that benefitted the country for years to come. Although the New Deal did not end the Great Depression, it succeeded in rebuilding the nation’s public confidence in the banking system and the development of new programs that brought relief to millions of Americans.

    Read More

  • The New Deal

    1578 Words  | 4 Pages

    Do you know what it’s like to live in a cardboard home, starve, and raise a family in poverty? Unfortunately, most Americans in the 1930s went through this on a day-to-day basis. In 1929 the stock market crashed. Many people lost their life savings; they invested everything they owned in a failing stock market. The country was falling, everyone needed strong leadership and help from the government.

    Read More

More about The New Deal

Open Document