Main Features of the New Deal Essay - 1683 Words

Main Features of the New Deal In 1932 Roosevelt came to power. He aimed to invest government money in making America prosperous again after the depression years of Hoover. Roosevelts main aims were to reduce unemployment and get Americans earning money again, to protect peoples savings, homes and livelihoods, to provide relief for the ill, the elderly and the unemployed and to get American industry and agriculture running once again. In his first hundred days in charge in charge Roosevelt worked tirelessly to transform America, using new laws, acts and the full power of the government to steer America out of the depression. His first objective was to restore Americans confidence in their†¦show more content†¦Around 2.5million young men were helped by this scheme, which gave them work on environmental projects. Men signed on for periods of six months, which could be renewed if work could still not be found. On 12th May 1933 the Agricultural Adjustment Act was passed. This set about solving the problems of farmers. It took a long-term view and set quotas to reduce farm production so that prices would eventually increase. The AAA also helped some farmers pay their mortgages and helped farmers modernize. Unfortunately modernization meant that many farm labourers lost their jobs. Another important act that was introduced during the 100 days was the National Industry Recovery Act which set up two organisations: the (PWA) Public Works Administration and the (NRA) National Recovery Act. The PWA used government money to create millions of jobs building roads, bridges, dams, schools and airports, which would be important once the US had recovered. The NRA improved working conditions and banned child labour. It also set up a minimum wage and set out industries level of production. This helped the economy because it meant employees had money to spend. The scheme was voluntary and those companies who joined used the Blue Eagle as a symbol of government approval. More than 2 million employers joined the scheme. Another great success for theShow MoreRelatedThe Main Features of The New Deal Essay848 Words   |  4 PagesThe Main Features of The New Deal When Roosevelt came to power in 1933 he immediately set about stopping the depression and to bring economic recovery. He done this by a bill called The New Deal, the main aim of this was to provide relief for victims of the depression. Because of Roosevelt was so successful with his plan and term of presidency he was elected for another three more times until 1948. The main important time during his presidency and The New Deal wasRead MoreThe Main Features of the New Deal Essay1742 Words   |  7 PagesThe Main Features of the New Deal The New Deals were a series of Acts and schemes which Roosevelt hoped would pull America out of the depression. Roosevelt decided to tackle the economic problems before he did anything else because he knew that a strong and reliable money system would build up confidence in the Americans, which would act as a foundation for the American economy. In 1933 Roosevelt proved to the Americans that the promises he made before he was presidentRead MoreEssay about Main Features of The New Deal4123 Words   |  17 PagesMain Features of The New Deal In 1929, the stock market collapsed causing a worldwide economic depression, destroying America’s economy with many people losing their life savings therefore thrusting them into unemployment and poverty. Unemployment reached highs of over 13 million whilst the GNP for the country reached as low as $58 billion, compared to the $100 billion+ pre depression figures, because demand and production fell so dramatically. People were forced outRead MoreWhat Is A Steady Approach To Introducing A Minimum Viable Product736 Words   |  3 Pagesworks. 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