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The New Deal - Online Term Paper

The New Deal

During the 1930's, America witnessed a breakdown of the Democratic and
free enterprise system as the US fell into the worst depression in history. The
economic depression that beset the United States and other countries was unique
in its severity and its consequences. At the depth of the depression, in 1933,
one American worker in every four was out of a job. The great industrial slump
continued throughout the 1930's, shaking the foundations of Western capitalism.
The New Deal describes the program of US president Franklin D. Roosevelt
from 1933 to 1939 of relief, recovery, and reform. These new policies aimed to
solve the economic problems created by the depression of the ...

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malnourished, made it clear immediate action was
necessary.
In the first two years, the New Deal was concerned mainly with relief,
setting up shelters and soup kitchens to feed the millions of unemployed.
However as time progressed, the focus shifted towards recovery. In order to
accomplish this monumental task, several agencies were created. The National
Recovery Administration (NRA) was the keystone of the early new deal program
launched by Roosevelt. It was created in June 1933 under the terms of the
National Industrial Recovery Act. The NRA permitted businesses to draft "codes
of fair competition," with presidential approval, that regulated prices, wages,
working conditions, and credit terms. Businesses that complied with the codes
were exempted from antitrust laws, and workers were given the right to organize
unions and bargain collectively. After that, the government set up long-range
goals which included permanent recovery, and a reform of current ...

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PAPER DETAILS

Added: 7/25/2004 09:17:45 PM
Category: American History
Type: Free Paper
Words: 840
Pages: 4

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