How Did The New Deal Strengthen Or Weaken The Usa Capitalism
The Great Depression was a very scary time in 1932 when nearly 13 million workers had no jobs, no money, and no food. 34 million people would stand in lines all night hoping to get a job and a source of income but most businesses couldn’t hire anyone due to their extremely low income. Farm owners became too poor to own their land so they became tenant farmers and rented the fields. People were in extremely high levels of debt and the wages decreased (entry 6). Due to the lack of money and customers many businesses had to shut down; banks, factories, and steel mills. Eventually Franklin D. Roosevelt (FDR) was elected as president and he created a new way to overcome the Great Depression called “The New Deal”. The New Deal was mainly a success because of job creation and ending the bank crisis.
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The New deal solved unemployment by forming the CCC (Civilian Conservation Corp) and the WPA (Works Progress Administration).
In the Great Depression nearly 13 million people didn’t have jobs so the CCC helped create jobs for the unemployed young men. The CCC hired young men to build dams, plant trees, and fight fires for an income of a dollar a day, they were also given 3 meals a day (entry 8). The WPA was also created and opened up jobs to everyone by hiring them to do stuff and paying them money in return. The WPA created jobs, built hospitals, clothes, airports, playgrounds, schools, parks, post offices, and 500,000 miles of roads. The WPA also created over 8 million jobs as artists, writers, teachers, and actors. The WPA and the CCC created over 8 million jobs and over 120,000 buildings total (entry 8). Clearly the CCC and WPA show how The New Deal was successful because they both created jobs for the unemployed people and gave them relief to finally have a source of
income.
Another reason The New Deal was successful was because it ended the banking crisis by making sure all of the banks were making smart decisions and not just giving their money away. The New Deal formed the FDIC (Federal Deposit Insurance Corporation) and the Emergency Banking Relief Act to watch over the banks (entry 8). The New Deal developed and formed the FDIC which insures the depositor's bank account so they won’t have to worry about losing all of their money again. The New Deal also formed the Emergency Banking Relief Act where all the banks closed for 4 days so they could be inspected and deemed as safe or not. Only the banks deemed safe were allowed to re-open and the banks deemed unsafe were closed (entry 8). As you can see, The New Deal was successful because it insured bank accounts and ended the bank crisis that put thousands of families in debt.
All in all, The New Deal was very successful by creating millions of jobs, and bringing thousands of families out of debt. The New Deal put millions of unemployed people back to work so they could have a source of income and support their family. Also the New Deal brought thousands of poor families out of debt so they could spend money again. Clearly, The New Deal was a successful way to end the Great depression, unemployment, and the bank crisis.
The New deal solved unemployment by forming the CCC (Civilian Conservation Corp) and the WPA (Works Progress Administration).
In the Great Depression nearly 13 million people didn’t have jobs so the CCC helped create jobs for the unemployed young men. The CCC hired young men to build dams, plant trees, and fight fires for an income of a dollar a day, they were also given 3 meals a day (entry 8). The WPA was also created and opened up jobs to everyone by hiring them to do stuff and paying them money in return. The WPA created jobs, built hospitals, clothes, airports, playgrounds, schools, parks, post offices, and 500,000 miles of roads. The WPA also created over 8 million jobs as artists, writers, teachers, and actors. The WPA and the CCC created over 8 million jobs and over 120,000 buildings total (entry 8). Clearly the CCC and WPA show how The New Deal was successful because they both created jobs for the unemployed people and gave them relief to finally have a source of
income.
Another reason The New Deal was successful was because it ended the banking crisis by making sure all of the banks were making smart decisions and not just giving their money away. The New Deal formed the FDIC (Federal Deposit Insurance Corporation) and the Emergency Banking Relief Act to watch over the banks (entry 8). The New Deal developed and formed the FDIC which insures the depositor's bank account so they won’t have to worry about losing all of their money again. The New Deal also formed the Emergency Banking Relief Act where all the banks closed for 4 days so they could be inspected and deemed as safe or not. Only the banks deemed safe were allowed to re-open and the banks deemed unsafe were closed (entry 8). As you can see, The New Deal was successful because it insured bank accounts and ended the bank crisis that put thousands of families in debt.
All in all, The New Deal was very successful by creating millions of jobs, and bringing thousands of families out of debt. The New Deal put millions of unemployed people back to work so they could have a source of income and support their family. Also the New Deal brought thousands of poor families out of debt so they could spend money again. Clearly, The New Deal was a successful way to end the Great depression, unemployment, and the bank crisis.