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History US - Essay Example

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The coming in of Franklin Delano Roosevelt as president of the United States of America was received with great applause because of the many social and economic reforms he brought to the country in what he termed “The New Deal”. According to Folsom (2010), reforms such as…
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History US

Download file to see previous pages... By 1939, the US unemployment still exceeded 20%. The New Deal also raised taxes such that entrepreneurs became discouraged from investing more. As such, the New Deal failed to end the Great Economic Depression.
When World War II started, America hesitated to join until 1942, when about 12 million soldiers were sent overseas to fight alongside the allies to defeat Adolf Hitler. Back home in the US, about 15 million people were employed in the manufacturing of military weapons, machines and equipment. Folsom (2010) and Bohanon (2012) agree that this is the most significant moment of the New Deal because it created more jobs than ever. Many Americans got employed either in the army or the military industry. This again provided an opportunity for production to increase in the US, hence boost the economy. Unfortunately, the produced weapons were not being used by civilians at home. They were sent overseas to be used in the war field. Even the soldiers themselves could not eat weapons. They needed bread, homes and sustainable jobs. On the other hand, taxes were still high such that what people earned could not suffice. As such, life still remained miserable and the quest to end the Economic Depression was far from reality.
According to Folsom (2010), towards the end of the war, in 1944, President Roosevelt started preparing for the post war economic recovery. He drew his vision but died six months before the war ended and before he could implement his post-war America agenda. His successor, Harry Truman, wanted Roosevelt’s agenda implemented but the opposition (Congress) refused vehemently and opted for the opposite. Finally they agreed to totally deviate from the New Deal and adopt a totally new Recovery plan which included the following: no federal program for health care, no full-employment act; only limited federal housing; and no increase in minimum wage or social security benefits. Instead, the ...Download file to see next pagesRead More
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