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History Essay on the Great Depression
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History Essay on the Great Depression
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Section 1: Identification and Evaluation of Sources
This historical investigation will explore the question: To what extent did the New Deal impact U.S. political and economic systems during the Great Depression? The New Deal was from 1933 to 1938 and the Great Depression was from 1929 to 1939.
My first source was created by T.H. Watkins. T.H. Watkins was born in 1936 in Loma Linda, California. He lived in Washington D.C. with his wife Joan. His book The Great Depression: America in the 1930s is a companion volume to the public television series The Great Depression and the twentieth book he has written. The Great Depression: America in the 1930s serves purpose as a continuation of sorts to the documentary and provides more in depth details
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of the Great Depression. However, according to Herbert L. Calhoun the book was limited in that it “provided only limited answers. It merely "skates lightly along the surface" of the causes, in an almost polemical way: making only backhanded references to bank failures, stock market speculation, and the laxity of regulations, more generally. What I expected, but did not get, was a robust narrative or economic analysis to go with the somewhat "left-leaning" polemics.” With everyone in mind, the book gives information useful to students, teachers, and historians for research purposes and better understanding of the Great Depression. My second source was made by Terry Golwag. Terry Golwag is the curator of the John Kean Center for American History at Kean University in Union, New Jersey. In 2010 Golway discovered a historic early census count predating the creation of the United States at Liberty Hall National Historic Landmark at Kean. He served as a political reporter, city editor and columnist for the pink paper, for which he still writes the periodic piece. He lives in Maplewood, New Jersey. Together We Cannot Fail: FDR and the American Presidency in Years of Crisis voices how Theodore Roosevelt was the first impacted by the media age. Showing how he lead the nation through the Great Depression and World War 2. Historian This biography on Roosevelt shows how he invented and established media presidency with his fireside chats and his first presidential speeches broadcast nationally from the White House. This book is created to use audio as a mixed-media book that fully integrates the book in hopes that the readers will have a thrilling experience and it is his third book for Sourcebooks. This book gives information useful to students, teachers, and historians for research purposes and to be informed about Theodore Roosevelt during the 20th century. However, a review by Library Journal Review said, “The combination of the CD and Golway's writing is sometimes poignant, and hearing FDR's words is powerful. Since the release of World War II records and because of today's acceptance of FDR's physical handicaps and complex marriage, Golway is able to provide a new look at the mid-20th century. He also includes excellent notes, bibliography, illustrations, and indexing.”. This shows that even though Golwag executed everything perfectly, he is limited to only the voice of Roosevelt. Section 2: Investigation The New Deal is a group of government programs and policies established under President Franklin D. Roosevelt in the 1930s. It was designed to improve conditions for people suffering in the Great Depression by supplying more and new jobs when the stock market crashed and other varies problems. The First New Deal was more pro-business than its successor period. The highest on Roosevelt’s legislative priorities was a new work system called the Works Progress Administration (WPA). It was “the best known of all New Deal inventions… because it affected more individual lives more directly than any other.”. It ensured that every able-bodied American male and some females would be able to earn the basic needs for themselves and their family. The WPA also gave work to artists, writers, theater directors and musicians. This relief program was responsible for the new and immutable intimacy between the people and government that is thoroughly in place today. After the success of this program during 1933-1934, Hopkins was convinced that a major work program “was the only form of federal relief that would put food on the tables of workers and their families without starving them of their pride” and later during that year he went to Roosevelt with a proposal to expand the Federal Emergency Relief Administration’s (FERA). According to the historian Edward Robb Ellis, the workers of WPA “built 651,087 miles of highways, roads and streets… 124,031 bridges; erected 125,110 public buildings; created 8,192 public parks; built or improved 853 airports.”. The FERA’s Rural Rehabilitation Program spent $85 million to purchase and rehabilitate wrecked farmland and was only able to save a tiny fraction of land that needed rescue. On April 17, 1933, Roosevelt wrote to Senator George Norris of Nebraska and asked, “I would really like to get one more bill, which would allow us to spend $25 million this year to put 25,000 families on farms at an average cost of $1,000 per family.”. The result was called Subsistence Homesteads. The second New Deal also helped create the Wagner Act, which gave unions the right to bargain collectively with employers and created an enforcement mechanism; over time, it helped raise wages and benefits for millions of workers and increased aggregate purchasing power. New Deal policies represented a '"safety value" that saved corporate capitalism in the United States: it gave policymakers a chance to reform and save the corporate capitalist system. The Social Security Act of 1935 was imperfect.
Roosevelt insisted that the program be self-supporting through a payroll tax which would later be cited as one of the causes of the recession of 1937 to 1938 as the people began to feel the effects of the first payroll deductions. Those that were effected by increasing deductions thought it was an unfair burden that will be bankrupt by the time they will be eligible for payments. However, flawed it was, the act was, as historian Kenneth S. Davis has written, “one of the major turning points of American history. No longer could ‘rugged individualism’ convincingly insist that the government… had no responsibility whatever for the welfare of the human beings who did the work from which profit was …show more content…
reaped.” Business leaders and Democrats including Roosevelt’s friend and predecessor as New York governor, Al smith, formed an organization called the American Liberty League to organize opposition to the New Deal. The Liberty League charged that Roosevelt’s program of government intervention and regulation was more radical than the programs being put in places like Benito Mussolini’s Italy, Joseph Stalin’s Soviet Union, and Adolf Hitler’s Third Reich. Former President Herbert Hoover complained that Roosevelt was moving the country towards “‘gigantic socialism’ through ‘the most stupendous invasion’ of liberty ‘since the days of Colonial America.’” Roosevelt’s fellow Democrats were eager to make the case against him. Alfred E. Smith was bitter over his loss to Roosevelt at Democratic National Convention in 1932 so he traveled to Washington in late January 1936 to attack the New Deal and its author at a meeting of the Liberty League in the Mayflower Hotel. Smith compared the New Deal with socialism and equated its proponents with “Karl Marx, or Lenin, or any of the rest of that bunch.” He was envious and allowed Republicans and the business community to believe that the New Deal was nothing but socialism dressed up as reform. His attacks, along with opposition from Davis and other Democrats in the Liberty League, gave Roosevelt’s allies anxiety as they considered their prospects in 1936. Many New Deal supporters believed that a second Roosevelt term could build on reforms to alleviate the economic crisis, to create a new economic order with an expanded and permanent place for government in the private economy.
Those hopes were based on the New Deals successes during FDR’s first term. The nation’s fortune improved under New Deal, but unemployment remained high and soup kitchen continued to be a fixture in American life. The nation’s private corporations showed a profit of “$5 billion in 1936, compared with collective losses of $2 billion four years earlier. The nation’s gross national product grew by about 14 percent in 1936, a far cry from the 15 percent decrease in GNP in
1932.” The New Deal also dramatically changed the two main political parties in the United States. Roosevelt's commitment to the improvement of the plight of the working class and the poor shifted political loyalties. Thanks to the New Deal legislation, the urban working class, including labor unions, became one of the most loyal supporters of the Democratic Party. What was known as the New Deal Coalition, turned the Democratic Party into a majority party, and shaped American politics until the 1960s, with some remnants of it existing into the 1980s. At such a dire moment in the nation’s history, it was appropriate, he said, to think about the “social and economic problems which are the root cause of the social revolution which is today a supreme factor in the world.” If democracies were to prevail in the face of that revolution, they had to ensure that their citizens enjoyed equality of opportunity, employment, security, the ending of special privilege for the few, civil liberties, and the rising standard of living. Which the New Deal restatement of a social contract protected economic rights as well as political rights. To conclude, Roosevelt’s New Deal received many criticisms from political parties and figures, but the results economically was a success to the nation. The New Deal policies implemented by Roosevelt went a long way in helping to reduce income inequality in America. But, in regards to the task of reviving an economy in crisis tatters, the New Deal was a failure. If anything, the legacy of the New Deal is that it has helped to create greater equality and welfare in America. In 1939, the unemployment rate was still 19 percent, and not until 1943 did it reach its pre-Depression levels. The massive spending brought by the American entry to the Second World War ultimately cured the nation's economic woes. Section 3: Reflection Based on the research I did, I think that historians can find that the New Deal was useful in some ways but in the end, it didn’t solve the economic problems in the ways that the Second World War did. I think that it would be hard for historians to find out the extent of the New Deal if they only looked at data. It’s easy to find numbers calculated by other researchers, but it’s hard to find definite opinions on the topic from that time and now. I think the time period I’m researching is still valuable today, because there are programs still implemented like the Social Security Act. I also don’t think the time period affects the limitations of historians, because it’s not too far or not too close to our time period. The methods used by historians were data of GNP and other political and economic issues to show how the economy changed throughout the time period. They also used sayings from other historians and people of political and non-political backgrounds from the time period. Judgements and biased opinions about a historical event can and should be avoided. A significant historical event is something that has changed how things are run in a society. It is possible to describe a historical event in an unbiased way by providing information on both sides. Bias is being selective of one particular side or event and only telling that side. Selection gives both sides and selects what’s import for the paper. Challenges facing a historian can greatly differ from mathematicians and scientist, because mathematicians and scientist can solve their problems by conducting experiments and proving their work by doing so.
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
"America's Great Depression and Roosevelt's New Deal."DPLA. Digital Public Library of America. Web. 20 Nov 2013. .
In his presidential acceptance speech in 1932, Franklin D. Roosevelt addressed to the citizens of the United States, “I pledge you, I pledge myself, to a new deal for the American people.” The New Deal, beginning in 1933, was a series of federal programs designed to provide relief, recovery, and reform to the fragile nation. The U.S. had been both economically and psychologically buffeted by the Great Depression. Many citizens looked up to FDR and his New Deal for help. However, there is much skepticism and controversy on whether these work projects significantly abated the dangerously high employment rates and pulled the U.S. out of the Great Depression. The New Deal was a bad deal for America because it only provided opportunities for a few and required too much government spending.
McElvaine, Robert S, ed. Down and Out in the Great Depression: Letters from the Forgotten Man. Chapel Hill: The University of North Carolina Press, 1983.
The New Deal was a series of federal programs launched in the United Sates by President Franklin D. Roosevelt in reaction to the Great Depression.
Watkins, T.H. The Great Depression: America in the 1930's. Boston: Little Brown and Company, 1993.
Having gone through severe unemployment, food shortages, and a seemingly remiss President Hoover, the American people were beginning to lose hope. But sentiments began to turn as FDR stepped into office and implemented his New Deal programs. FDR and his administration responded to the crisis by executing policies that would successfully address reform, relief, and, unsuccessfully, recovery. Although WWII ultimately recovered America from its depression, it was FDR’s response with the New Deal programs that stopped America’s economic downfall, relieved hundreds of Americans, reformed many policies, and consequently expanded government power.
One thing the New Deal did to help its citizens was lower the unemployment rates. The unemployment rates had been low before the Great Depression. When the market crashed it was at 3.2% but only four years later it had
Assessment of the Success of the New Deal FDR introduced the New Deal to help the people most affected by the depression of October 1929. The Wall Street Crash of October 24th 1929 in America signalled the start of the depression in which America would fall into serious economic depression. The depression started because some people lost confidence in the fact that their share prices would continue to rise forever, they sold their shares which started a mass panic in which many shares were sold. The rate at which people were selling their shares was so quick that the teleprinters could not keep up, therefore share prices continued to fall making them worthless. Also causing many people to lose their jobs as the owners of factories could not afford to pay the workers wages.
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.
The Great Depression hit America hard in the 1930s. Money was scarce and jobs were difficult to find. Franklin Roosevelt (FDR) was elected into office and took charge, leading the drive towards building America up again; he created the New Deal programs which aimed at improving the lives of citizens. These acts were successful but created controversy, some for and some against. Despite these disagreements, the New Deal was neither conservative nor liberal; it did just what was needed to help the country pull out of this Great Depression.
In 1932, after Franklin Delano Roosevelt accepted the Democratic nomination for presidency, running against Republican president, Herbert Hoover, he promised a “New Deal” to the American people. This New Deal’s sole purpose was to deal with the economic hardships caused by the Great Depression, as well as to help and improve the lives of the millions of Americans who had been affected. Roosevelt was swept into office in a landslide. In his inaugural address, Roosevelt brought a sense of hope to a vast majority of dispirited Americans, assuring them that they had “nothing to fear, but fear itself.” On March 5, 1933, just one day after his inauguration, Roosevelt began to implement his New Deal, beginning his focus on the failing banking
“It is your problem no less than it is mine. Together we cannot fail,” President Franklin Delano Roosevelt said in the closing of his weekly “fireside chat” on March 12, 1933, while discussing, with the hundreds of thousands of bewildered United States citizens, the painful topic of the Great Depression. When Roosevelt took office in March of 1933, just five months after the fateful stock market crash that caused the depression, America was in full-blown economic turmoil. Every day after the crash, more and more people were laid off from their already low paying jobs, making it impossible for them to support their families, and even themselves. While characterizing the aftermath of the depression in his First Inaugural Address, FDR reveals that “the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side; farmers find no markets for their produce; the savings of many years in thousands of families are gone.” FDR had an indisputable determination to solve this nationwide dilemma, evident in his solution, named The New Deal. However, it has been constantly debated whether the New Deal was a success or a failure. This question is now brought up, once again.
The 1930s brought a very turbulent time to the United States. As a result of the Stock Market Crash of 1929, the nation was experiencing a severe depression. There were hard class divisions dividing the nation. People were either extremely rich or extremely poor. The middle class simply did not exist (Bondi 97). On March 4, 1933 Franklin Delano Roosevelt took office with the promise of hope and relief for struggling Americans. Roosevelt followed up his promise for help with the New Deal, his plan to combat the depression. The New Deal involved the three R’s: relief, recovery and reform. It included measures concerning banking, securities, industry, and agriculture (Bondi 97).
In the 1930’s, the United States fell into a great depression because of a major stock market crash that destroyed the economy for many years. When the 1933 election came, a new president was elected; Franklin Delano Roosevelt. His plan was to create a New Deal to solve the Nation’s problems. This New Deal relieved much economic troubles in the country, gave faith to American citizens in the United States’ banking system, and gave jobs to millions of people unemployed by the crash. Without President Roosevelt’s actions, the road to the nation’s recovery would be much longer.