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Final Exam - Essay Example

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In addition, the program was designed to reinvigorate the crashed economy, so as to restore the confidence of American citizens in their banks and key…
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Final Exam

Download file to see previous pages... To ensure that this become a success, FDR used radio as a mode of communication to convince American populace that the crisis had come to an end and that their deposits were safe following the introduction of the Federal Deposit Insurance Corporation (FDIC)1.
The New Deal also created the Works Progress Administration (WPA), the Agricultural Adjustment Administration (AAA), and the Civilian Conservation Corps (CCC). The most eminent measure of the New Deal was the establishment of the 1935 Social Security Act, which resulted in the formation of Social Security Administration, employment compensation, as well as the national system of old-age pensions. According to a report, the Social Security provided federal financial assistance to the handicapped, orphans, and the blind. Additionally, the New Deal also gave way for the formation of a number of regulatory agencies, such as the Federal Housing Administration (FHA), which made homeownership affordable to millions of average Americans, the National Labor Relations Board, the Securities and Exchange Commission (SEC), as well as the Federal Communications Commission and the Civil Aeronautics Authority2.
Despite the fact that the New Deal initiative lessened the impacts of the Great Depression, it did not end the depression. Report indicates that unemployment remained extremely high throughout the 1930s despite the New Deal being in place. At the same time, the economic growth remained slow. According to a report, America’s economy only recovered during the third term of Roosevelt’s reign when the increased demands of mobilization for World War II restored the country to full employment. In fact, report indicates that Adolf Hitler did more to end the Great Depression that Roosevelt did3.
There are those who consider the New Deal as a good initiative for the U.S. government policy today. However, research indicates that the New Deal program negatively affected the poor ...Download file to see next pagesRead More
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