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The New Deal - Online Term Paper

The New Deal

"How well did combat the Depression?" I think that the
answer to this question is that it did very well and I would give it a grade of
an A.
When Roosevelt took office, in 1933, he had three goals in mind, to save
the banks, save the people, and to rebuild the economy. He set his sights on
returning the banks to their prosperous days of the pre-depression age.
Since the beginning of the Depression, banks were closing faster than
the people could withdraw all of their money. He countered this by closing all
the banks and had Congress pass an Emergency Banking Act that made federal loans
available to private bankers. At the same time he passed an Economy Act that
required the ...

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system started in the
right direction of what would be a slow recovery process.
Roosevelt's next objective was to take care of the people. Though
Roosevelt was a conservative, he realized the extreme need to help the poor. He
had Congress respond promptly, and established the Federal Emergency Relief
Administration that gave $500 million in relief to the poor people of the
country. Roosevelt then went on to create organizations that would offer jobs
and a sense of self-esteem to the unemployed of the country. One of these
organizations was the Civilian Conservation Corps that provided young men with
jobs to improved the environment. They had such jobs as planting trees and
helping to stop erosion. Another government activity was the Civil Works
Administration that paid unemployed people $15 a week to perform government
projects. Many people during this time were also in jeopardy of losing their
homes. To this, Roosevelt established the Homeowners' loan Corporation ...

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The New Deal. (2006, November 14). Retrieved December 23, 2024, from http://www.essayworld.com/essays/The-New-Deal/55557

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"The New Deal." Essayworld.com. November 14, 2006. Accessed December 23, 2024. http://www.essayworld.com/essays/The-New-Deal/55557.

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PAPER DETAILS

Added: 11/14/2006 07:20:58 AM
Category: Economics
Type: Premium Paper
Words: 524
Pages: 2

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