How Did The New Deal Influence The Usa Capitalism

Paper 2 - New Deal The Great Depression may have started in 1929, but it wasn't until six years later that America received its most important Act and President Franklin Roosevelt’s greatest decision. On August 14th 1935, the Social Security Bill was enacted, marking a monumental day in American history. Soon after its enactment, its impact was felt nationwide, an impact that is still around today. For the first time in U.S. history American citizens were given the support they so desperately needed all from a source they have never relied on in the past. The Great Depression and FDR’s subsequent New Deal allowed for the U.S. government to gain power they have never had before and in the case of the Social Security Act, they are putting that
Production was booming and so was the economy, but as all things do, the war came to an end. Jobs diminished along with demand and the sudden rush of urbanization over the past few years left entire parts of major cities unemployed. (Kyig 8-10) But, most Americans had made enough money during the prosperous wartime economy that they could continue to live comfortably; so the roaring twenties continued. As time passed jobs ran thin and so did money and one day a bunch of investors decided to sell all of their stocks at once leaving the banks penniless. The Stock Market Crash did not cause the Great Depression, but it did not help it. (Kyvig 212-220, Kennedy
This started FDR’s legendary 100 days congress, an ideal that is still around today, but only to a lesser extent. In this one hundred days FDR sparked his first New Deal, which brought several new programs and legislature in front of congress, all of which with the purpose of getting America back on its feet. (Kyvig 230-257) The Social Security Act only came around as a part of the second New Deal, but it was the programs of the first New Deal that stopped the bleeding caused by the Great Depression. Programs such as the Agricultural Adjustment Act, which paid farmers to reduce the amount of crops produced to raise the price on farm goods and the National Industrial Recovery Act, which put a lot of people to work through the Public Works Administration and also made advances in fair work practices and Union rights. (Kennedy 142-145, 150-155) Important Agencies were also necessary, such as the Civilian Conservation Corps, which employed a lot of young jobless men to teach flood and fire control and the Works Progress Administration, which put four million people to work building bridges, roads, hospitals, schools and other public structures. (Kennedy 144-149, 252-257) While these programs and agencies certainly made an impact, they did not carry the weight of the Social Security Act that was one of the