Franklin Delano Roosevelt: The New Deal

Franklin Delano Roosevelt: The New Deal

Introduction

New Deal is the name given to U.S. President Franklin D. Roosevelt's policy interventions to combat the effects of the Great Depression in the United States. This program was developed between 1933 and 1938, with the aim of supporting the poorest of the population, reforming the financial markets and revitalizing U.S. economy wound from the Crash of 29 by unemployment and bankruptcies chain. FDR's New deal significantly impacted the role of U.S. government in managing much of the economic aftermath of the Great Depression.

Discussion

Commonly, there were two New Deals. A first, marked particularly by the "Hundred Days of Roosevelt" in 1933, pointed to an improvement in short-term situation. You can find, then, reform laws for banks, urgent social assistance programs, aid programs for work, or even agricultural programs. The government made significant investments well and allowed access to financial resources through the various government agencies. The economic results were moderate, but the situation improved. The "Second New Deal" was extended from 1935 and 1938, putting forward a new distribution of resources and power in a larger scale, with laws union protection, the Social Security Act, and support programs for farmers and itinerant workers. However, the Supreme Court tried many reforms as unconstitutional, but some parts of the programs were replaced rapidly, with the exception of the National Recovery Administration. The second New Deal was much more expensive than the first, and increased the deficit. On the other hand, despite programs such as Public Works Administration, unemployment still stood at 11 million Americans in 1938.

Under the recommendations of Henry Wallace, the Roosevelt administration also sought to protect farmers from market risks distributing federal grants and controlling production through the Agricultural Adjustment Act, highlighting Rexford Tugwell in his editors. On May 12, ...