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Using one or two specific programs as examples, discuss the philosophy behind the New Deal and how well it was implemented - Term Paper Example

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Using one or two specific programs as examples, discuss the philosophy behind the New Deal and how well it was implemented

Discussion The New Deal was the government’s response to the exigencies brought about by a collapsed stock market that started on October 29, 1929 and made worse by panic selling in stock prices that were pushed down further by opportunistic traders who used short selling. The net effect was that a lot of people saw their savings and investments wiped out resulting in massive losses in wealth; many people lost their jobs as well. Other negative effects were a very high unemployment rate conservatively estimated at 25% of the total workforce and big asset deflation cycles resulting into a worldwide economic depression not seen in history. The Driving Ideas – ideas behind the New Deal program of the FDR administration was contained in the so-called three R’s, namely: immediate relief for the millions of people who were thrown out of their jobs and their homes, recovery for the economy in the shortest time possible by stimulus spending.

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The guiding philosophy behind the New Deal during the time of Pres. Franklin D. Roosevelt was that the government has to step in as an emergency government response to the devastating effects of the Great Depression. …
Author : eleanoraconroy
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Using one or two specific programs as examples, discuss the philosophy behind the New Deal and how well it was implemented
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