How Far Did The New Deal Strengthen The Usa Capitalism Essay

Franklin Delano Roosevelt’s New Deal helped revive the economy to bring America out of the Great Depression. His policies provided millions of jobs, protected the national banks, provided social security, revived American agriculture ,and preserved the free market economy. The New Deal created millions of jobs and it brought American agriculture back to life. The WPA and CCC created jobs for the young (ushistory.org). This lead to a stronger workforce allowing the economy to grow, because it put money into the pockets of the people which in turn allowed them to spend the money on American products. The AAA and the Soil Conservation Act helped farmers allowing them to conserve their farms longer and grow better crops (web.stanford.edu). The help farmers received helped revive the economy. The New Deal formed the Social Security Act, protected the national banks, and protected the free market economy. The Social Security Act insured people’s investments in the banks, provided support for retirees, gave compensation for the unemployed, and supported families with disabled members (ushistory.org). This led to the banks being more stable and the citizens confident in their jobs and the banks. The New Deal also protected the free market economy through the establishment of
the SEC, Glass Steagall-Act, and the FDIC, these regulated the stock market making sure another crash didn’t happen (ushistory.org). Others argue that the New Deal was a failure and just made America’s problem worse.
President Roosevelt’s policy of deficit spending caused the U.S’ national debt to reach an all time high, this debt has still not been paid off to this day. Roosevelt’s New Deal also did not pull America out of the Great Depression, 19% of the population was still jobless and many were still homeless (gilderlehrman.org). The New Deal also didn’t do much for civil rights, Roosevelt didn’t grant full rights to African Americans and women were still not paid the same as men who have the same job. Moreover the wage gap between the poor and the rich didn’t close still resulting in many being homeless and without
money. In conclusion, the New Deal was successful in helping the people and the economy recover from the worst of the depression, giving hope, jobs, and by stabilizing the banks and stock market. Through Roosevelt’s policies he provided millions of jobs, protected the national banks, provided social security, revived American agriculture ,and preserved the free market economy.